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Believe in bitcoin in 2016, understand the prospects for carbon-neutral mining in 2018, and not be afraid to take risks in 2021 by buying equipment from bankrupts. The success story of Ukrainian businessman Sergey Tron and his White Rock Management, one of the largest mining companies in the world, is inspiring. He succeeded in what hundreds of thousands of people around the world dream of. Let us analyze in detail the key milestones of the well-known crypto-investor’s path.
THE BEGINNING OF THE ROAD TO BITCOIN
Sergei Tron was born in the city of Dneprodzerzhinsk, the industrial center of the region. His mother is an accountant, his father is a military man, a liquidator of the accident at the Chernobyl nuclear power plant. From the age of ten, Sergei began boxing. It was classes in the boxing section that taught him to believe in success, to evade the blows of competitors, to predict business development several steps ahead.
The first significant project of Sergey was the business of selling fuel oil. By 2010, his company operated 120 gas stations and 5 oil depots in the east of the country. Sergei invested in a new technology that allowed oil tanks to be cleaned and the recovered residue to be sold. Most people would be happy with such a result, but the future crypto investor already understood then that one should not stop there. Sergey Tron invested money in the financial sector – in Citi Commerce Bank. And expanded the network of bank branches three times. The total capitalization of all his enterprises at that time was $1 billion.
What is the next step? In 2015, the businessman decided to refocus his business on the technology industry. Sergey Tron saw perspective and stability in bitcoin. He installed the first blocks for mining in Romania, then – on the territory of the Dniester hydroelectric power station in Chernivtsi. In parallel, Sergey founded several IT companies, which in 2018 merged into an international company White Rock Management.
JOURNAL ABOUT BITCOIN
In order to create a unified communication platform for the Ukrainian bitcoin community, Sergey Tron decided to acquire a franchise of the largest and most authoritative publication regarding bitcoin in the world, which was founded in 2012. The audience of Bitcoin Magazine is almost 12 million people. The publication tells the stories of people, companies that changed their lives by becoming bitcoin enthusiasts. That is, believing in cryptocurrency and investing money in it.
In 2020 Sergey Tron I bought franchise and later launched Bitcoin Magazine in Ukraine. In total, the franchise managed by Sergey Tron covers the situation on the crypto market of 11 countries (countries of Eastern Europe and Central Asia), addressing an audience of 240 million people living in their territory.
DATA CENTERS FOR MINING CRYPTOCURRENCIES
Already in 2018, the businessman realized that it was time to combine his assets into a single holding. Such a company was White Rock Management, named in contrast to the legendary investment company BlackRock (manages $8.59 trillion in assets). The Ukrainian businessman decided to open a WRM office in the small town of Zug, in the crypto valley near Zurich (Switzerland).
Interestingly, Sergey Tron is back in December 2021 predictedhow the crypto market will develop, including a gradual transition to the principles of carbon neutrality.
Cryptocurrency mining is a huge waste of electricity. One bitcoin transaction requires as much electricity as the average family consumes in two and a half months (regarding 2170 kWh). The issue of excessive energy consumption and harmful emissions into the atmosphere has been repeatedly raised in the expert community, and as a result of the discussions, the Crypto Climate Accord initiative was born. It has already been supported by more than 250 mining companies. The goal of the initiative is to achieve zero net emissions in the crypto industry by 2030.
Sergey Tron is one of those crypto investors who actively support carbon neutrality. He fundamentally chooses a place for placing data centers in “green” energy. Perhaps this is due to memories from childhood, when Sergey lived in the metallurgical center of the region and right from the window he saw black smoke rising into the sky.
Odin data center White Rock Management located in Sweden, surrounded by hydroelectric power plants. And it runs on surplus electricity. The second is in the valley of the Brazos River in Texas (USA) – on flare gas.
Flare gas itself is a by-product of production, which is formed when oil is burned. According to the World Bank, in 2020, flaring gas flaring in the world reached 150 billion cubic meters. For comparison, such volumes are equal to the annual consumption of natural gas by all countries of sub-Saharan Africa. Every year, more than 400 million tons of combustion products harm the environment.
Sergey’s company White Rock Management uses flare gas to generate electricity, which is used to mine cryptocurrencies. Due to the technology of the future, energy is extracted, and at the same time the planet is relieved of atmospheric pollution.
Sergey Tron believes that carbon-neutral mining is a Solomonic solution that opens the future for an environmentally friendly single world cryptocurrency, and in addition, it is a powerful incentive for the development of renewable energy.
The crypto investor plans to open a data center in Wyoming in the near future. The choice of location is also not accidental and is associated with the progressive approach of the state authorities. Since 2018, Wyoming has passed a number of laws that have turned the state into a favorable place for creating digital assets and blockchain businesses. State Senator Cynthia Lummis played an active role in this. In early June 2022, Sergey Tron attended the presentation of the Cryptocurrency Regulation Bill in the US Senate, which was represented by Ms. Lummis.
PROSPECTS FOR THE LEGALIZATION OF CRYPTOCURRENCIES
And now to the forecasts. For many years, Sergey Tron has been able to accurately predict how the crypto market will develop. For example, in December 2022, he quoted Twitter co-founder Jack Dorsey that bitcoin will become the world’s only native cryptocurrency, and Apple co-owner Steve Wozniak that bitcoin is a mathematical miracle, so in the long run it makes more sense to invest in it.
As you can see, these forecasts of the leading minds of the industry are gradually coming true. More and more countries are beginning to officially use bitcoin as a full-fledged means of payment. In parallel, bitcoin is crowding out other cryptocurrencies. As the hero of one film said: “Only one should remain.” And that one is bitcoin, which is on its way to becoming the world’s native currency.
In fact, alternative cryptocurrencies on other platforms are not so secure, because the data is stored centrally and can fall into the hands of attackers or government agencies.
Also, Sergey Tron’s forecast came true regarding the fall and rise of bitcoin. The crypto investor has been saying for almost the entire last year that the crypto winter will pass and the crypto spring will come. During the period when bitcoin was at its historical lows, few believed in its growth. But the end of 2022 and the beginning of 2023 showed that growth really started.
In fact, as Sergey Tron says, the crystallization of the industry took place: small miners left during the bearish trend, large ones bought their equipment and continue to work. The growth of the market continues, and the forecasts for the bitcoin rate are also optimistic.
WHAT WILL THE RATE OF BITCOIN BE?
The success story of a simple guy from Dneprodzerzhinsk is an example of how you can create an international company from scratch. It is enough to have a flair, an entrepreneurial streak and a little luck.
And finally, the answer to the main question for those who have already invested money in bitcoin or are just going to do it: will the bitcoin price go up?
In September 2022, Sergey Tron predicted an increase in the rate, although at that moment the cryptocurrency was close to the historical minimum. In December, a revival in the market and a gradual growth already began. You can read regarding the reasons for fluctuations in the rate and forecasts for the near future in one of the latest crypto investor blogs.
Blogs and columns by Sergey Tron are a good way to keep abreast of the latest trends in the cryptocurrency market. You can do this on the following platforms:
And you can personally ask a question on social networks on and
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