UnitedCorp
Announces
Deployment Plan and Technology
for One of
the Largest
Blockchain
Networks and
Mining Project
in North America: 50
Megawatt
BlockchainDome
UnitedCorp CEO to
Hold Investor Conference Call to
Discuss UnitedCorp
operations, BlockNUM
and
BlockchainDomes
on Friday January 12,
2018 at 12:00 PM
(noon) EST
R.S.V.P.
at www.unitedcorp.com/conference
Miami, FL
-- January 11, 2018 -- InvestorsHub NewsWire --
Miami-based United Blockchain Corp a wholly owned subsidiary
of
United American
Corp ("UnitedCorp"), (OTC:
UAMA) announced today that its Blockchain Data Center
Inc. subsidiary
has
acquired its
first dome infrastructure
which will
be
converted to deploy its new
BlockchainDomeTM
Passive
Cooling Ground-Coupled
Heat-Exchanger
technology.
The
company has filed a Patent Application
with the United State Patent and Trademark Office
(USPTO)
for the
BlockchainDome
which uses
Canadian well
and chimney effect
principals
combined with a technique for
utilizing Negative Air Pressure
in its
Mining
Rigs within sealed enclosures.
BlockchainDome
will become one of the
largest mining
operations in North America, with a
total output exceeding 50 megawatts of global hashing power and
ability to
increase this capacity.
The
BlockchainDomeTM
whitepaper is
available at: www.blockchaindomes.com
Each dome will
have a total effective capacity of 2,000 kVA
(2
megawatts). A total of 25 domes
are
planned for
deployment in 23 regions of the
Province
of Quebec within an aggressive
timeline. The global
cryptographically-based ledger mining capacity of the company is a
key element of the upcoming peer-to-peer Telephone Number
Transaction PSTN SIP-based BlockNUM network.
Furthermore,
the
company has filed with
Hydro Quebec to
enter into a Rate LG which is only
accessible
to
large-power
customers with demands exceeding 5
megawatts at price of energy of US$0.0276/kWh
(CD$0.0342/kWh)
and
a
monthly demand charge of
US$10.56/kW
(CD$13.11/kW).
Quebec's energy cost is regulated by
The
Regie
de
l'Energie of Quebec and
is
amongst the
lowest in North America. Hydro Quebec produces 99% clean energy
with low or no
carbon emissions.
The
25
domes are
planned for
deployment in the following
regions:
Montreal (2 facilities), Laval, Qubec City
(2 facilities), Gatineau (Ottawa),
Sherbrooke, Trois-Rivires, Chicoutimi(Jonquire),
Saint-Jean-sur-Richelieu,
Chteauguay, Drummondville,
Saint-Jrme, Granby Beloeil,
Saint-Hyacinthe, Joliette, Victoriaville, Salaberry-de-Valleyfield,
Rimouski, Sorel, Alma, Saint-Georges Beauce,
Val-d'Or/Rouyn-Noranda
A typical dome
takes approximately
14 days to
erect and a
further 14 days for the installation of the
Canadian wells, ducting and power
facilities.
The majority
of each BlockchainDome
will be financed
through online pre-sale of the various types of mining rigs to
individuals and commercial operations. The mixed operating
environment will allow the mining of the most popular
cryptocurrencies. The company will soon
announce more details on the pre-sale of rigs which is expected to commence
in the near future.
Due to
the dome's very
low construction cost, the low cost of energy and
no cost for
cooling,
all mining rigs which will be
owned by third
parties will operate on simple revenue sharing business model based
on a 50:50 split of gross monthly revenue. All operating costs
(including electricity) and overhead will be the
sole
responsibility of
United Blockchain. Payments to rig owners
will be
automatically transferred on a monthly
basis. An
online web portal Graphic User Interface will provide real time
access to mining rig(s), performance, power consumption, revenue
generated, and other operating statistics.
The
combined global operation will permit the
company to achieve an important
critical
mass which
will become particularly significant as cryptocurrencies such as
Ether (ETH) are expected to
evolve
from their
current mining model of Proof-of-Work
to that of Proof-of-Stake
as this model
naturally favors operations with the highest
"stakes". BlockchainDome
mining
server facilities will
therefore
permit
this
strategic positioning if and when
stake holding become new standard
for
some
networks.
BlockchainDomes Business Model
Highlights:
- 25 domes in
23 regions in Quebec
- 2
megawatts
per dome with 1,000 mining
rigs in each dome
- Mining
of
ASIC-based and GPU-based
cryptographic tokens on Proof-of-Work,
Proof-of-Stake and Proof-of-Consensus
- Large
proportion of servers to be owned by
individuals , groups and corporations
and operated by
United Blockchain on a revenue sharing
basis
BockchainDome
Technology Highlights:
- 100% natural
cooling with no additional power required
- Passive Cooling
Ground-Coupled Heat-Exchanger
technology
- Negative Air Pressure
in
Mining
Rigs in sealed
enclosures
- High
volumetric
warm and hot
air accumulation
reserve
''China
has currently has too much of a grip on Bitcoin and other cryptographic
mining and we believe
that this poses a
major threat to the digital economies of countries like the US.
This
needs to be rapidly
rebalanced and we are confident that
projects like the BlockchainDome
will help to
regain dominance in the mining industry." stated Benoit
Laliberte, UnitedCorp's
President.
United
Corp and its subsidiaries will not hold
any
cryptocurrencies as part of their assets or
recognize
any assets
based on cryptocurrencies. It will only
recognize revenue generated from
mining
proceeds upon conversion to
Canadian
and US
currencies.
UnitedCorp
CEO to Hold
Investor Conference Call to
Discuss UnitedCorp
operations, BlockNUM
and BlockchainDomes on
Friday January 12, 2018 at 12:00 PM (noon) EST
R.S.V.P. at www.unitedcorp.com/conference where all access information
will be provided.
The
following is a schematic summary of the BlockchainDome
design:
About United American Corp
Established in
1992, United American Corp is a Florida-based development and
management company focusing on telecommunications technologies. The
company currently holds the rights to manage a portfolio of
patents and proprietary technology in
telecommunications, social media and more recently in Blockchain
PSTN technology. For more information, visit: www.unitedcorp.com
This news
release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could
differ materially from those anticipated in such forward-looking
statements as a result of numerous factors that may be beyond the
Company's control. Forward-looking statements are based on the
expectations and opinions of the Company's management on the date
the statements are made, and the Company assumes no obligation to
update forward-looking statements should circumstances in
management's expectations or opinions change.
Source:
United American Corp
Contact:
Jenna Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
604 398 5000
ext:
109
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