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  • St. Olavs gate 77
    0165 Oslo
    Norway
  • (+47) 401 70 641
  • info@millem.io

WHAT IS

Your Question

Bitcoin is not controlled by any single group or person. Instead, it is governed by multiple stakeholders — including developers, miners, and users. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more.
 

A bitcoin has value because it is able to be exchanged for and used in place of fiat currency, but it maintains a high exchange rate primarily because it is in demand by investors interested in the possibility of returns. Of course, many other factors influence Bitcoin's value.

Every investor in cryptocurrency markets take significant risk, even more so, the early adopters were exposed more to this risk. As they put their money into an unknown, speculative asset, used in very niche situations. In fact, the early adopters likely did not see Bitcoin as an asset class, but rather as a currency that was widely accepted on the black market, or a means to some money through mining. Very few people even knew about Bitcoin when it was introduced, and even fewer saw it as an investment opportunity. However, those that accumulated multiple coins over time saw significant returns, and losses, as the price had large fluctuations. It is nearly impossible to predict any market trend, but some were very fortunate if they had Bitcoin before its value skyrocketed.

For tax purposes, virtual currency is not considered an ordinary currency because it is not issued or guaranteed by a national central bank. Virtual currency is an asset and falls under the general rules for income and asset taxation. There are different rules on crypto in all countries. You have to find out what applies to your country! Crypto is legal in most countries!

Bitcoin's price is primarily affected by its supply, the market's demand, availability, competing cryptocurrencies, and investor sentiment. Bitcoin supply is limited—there is a finite number of bitcoins, and the final coins are projected to be mined in 2140.

Bitcoin mining is the process of creating new bitcoins by solving extremely complicated math problems that verify transactions in the currency. When a bitcoin is successfully mined, the miner receives a predetermined amount of bitcoin.

Understanding the Basics. Mining hosting, also known as miner hosting or mining colocation, is a specialized service that offers the necessary infrastructure for cryptocurrency mining. These services provide a secure, climate-controlled environment where you can house your mining hardware.

If you host machines with us, the machine is yours, which means that no one can take it from you if we go bankrupt, nor the infrastructure that we own in another holding company. Therefore, you can follow with confidence that we secure your values. It will take a lot for us to go bankrupt!

  1. Cutting-Edge Technology: Stay ahead with the latest advancements.

  2. Direct Manufacturer Advantage: Competitive prices, no middlemen.

  3. Proven Track Record: Trusted by miners worldwide.

  4. Customization Options: Tailor miners to your specific needs.

  5. Reliable Customer Support: Dedicated assistance from installation to troubleshooting.

  6. Rigorous Quality Control: Products exceed industry standards.

  7. Efficient Power Consumption: Maximize profitability, minimize environmental impact.

  8. Secure Transactions: Robust encryption for safe transactions.

  9. Global Reach: Ship worldwide with our extensive distribution network.

  10. Future-Proof Solutions: Evolving products for a competitive edge.