Controversial entrepreneur Benoit Laliberté launches into bitcoins

Hi, my name is Asher and I recently started my crypto investment 'career'. I try to keep up with the crypto news in the ocean of the internet so join me as I keep you updated on what I think will help you become a better investor.

Benoit Laliberté, controversial founder of the computer company Jitec in the 2000s and convicted of tax evasion and insider trading, wants to "give himself a second chance in Quebec". He wants to install in the coming months one of the largest cryptocurrency mining networks in North America.

His company, Blockchain Data Centers, targets around 20 regions of Quebec where he says he wants to build, under huge domes, data centers devoted to computing complex mathematical formulas that gives birth to virtual currencies such as bitcoin.

"The computer servers inside the domes, which will be approximately 10,000 square feet, will be owned by individuals like you and me," says Benoit Laliberté in a telephone interview. We will launch within two weeks a website on which it will be possible to order these servers online. "

For an initial bet of $ 5,000 to $ 12,000 US, his company offers to install, manage and maintain these data centers on behalf of individuals - "who may have knowledge in cryptocurrency or not" - and then give them 50% of the revenue generated.

"We are proposing a turnkey solution for people who want to invest in the mining of virtual currencies. Our first dome will be built at the end of March in the Montreal area and it should be operational a month later. "

The 45-year-old businessman says he filed a patent application last week with the US authorities for a technology based on "Provencal wells" and the simple circulation of air, which makes it possible to use no air conditioning in these centers despite the intense heat generated by the computer servers.

"The buildings will be built on agricultural land, which is cheaper than industrial land, and located near highways," said the native of Mont Saint-Hilaire. These will be semi-permanent structures that will not require building permits, but rather installation permits. "

The entrepreneur also wants to establish what he calls "crypto-domes" where users of these centers can meet. "It will be like tennis clubs or golf clubs where people will be able to meet and discuss cryptocurrencies, have coffee, brainstorm on the evolution of virtual currencies," he says.

Request to Hydro-Québec?

Benoit Laliberté said he made a request last week to Hydro-Québec to obtain the LG tariff, reserved for large electricity consumers, which denies the Crown corporation.

"As of yesterday, we had not received a formal request for connection or obtaining a preferential rate from them," said spokesman Hydro-Quebec Marc-Antoine Pouliot.

Blockchain Data Centers is a wholly owned subsidiary of United American Corp. (UAMA), a Florida corporation owned 80% by Benoit Laliberté's family trust. The UAMA stock, listed on the over-the-counter market, has risen sharply since mid-December, from 5 cents US to around 30 cents yesterday.

Source: http://www.lapresse.ca/affaires/economie/services-financiers/201801/16/01-5150148-lentrepreneur-controverse-benoit-laliberte-se-lance-dans-les-bitcoins.php