Uniserve To Host Large Scale Cryptocurrency Mining Facility in Vancouver

Uniserve To Host Large Scale Cryptocurrency Mining Facility in Vancouver

Uniserve To Host Large Scale Cryptocurrency Mining Facility in Vancouver

Cryptocurrency Mining Facility  Vancouver, British Columbia–(Newsfile Corp. – October 31, 2017) – Uniserve Communications Corporation (TSXV: USS) (the “Company”) is pleased to announce their signing of an agreement with a privately held organization ( the “Miner”) to host a large-scale cryptocurrency mining facility, with the mission to become the preeminent cryptocurrency miner in Canada. The Company’s Vancouver Data Centre will be expanded to accommodate this anchor tenant, headquartered in New York. The success with the agreement came from a combination of the cost of available power in their Vancouver location, as well as their ability to lift, shift and install product. A secure monitoring platform, enabling the client to dial in remotely, was also a key factor. The Company will also be providing Managed Services to the client. The expansion and fit out of the Data Centre is well underway and the test development site will be up and running by the first week of November.

Nicholas Jeffery, CEO of Uniserve stated: The cost of power is a significant driver for the hyper-scale cloud and the cryptocurrency vertical, and having access to some of the lowest electricity rates in Canadacontributed to Uniserve being selected by the Miner. But also, our global experience in the Data Centrespace, and the ability to design the infrastructure to the Miner‘s specific needs was also a distinct advantage.The Miner is expected to ramp up to large-scale mining rapidlyresulting in significant power consumption in the 10’s of megawatts, with plans to reach 40 MWs by 2020.

Uniserve To Host Large Scale Cryptocurrency Mining Facility in Vancouver

Cryptocurrency Mining Facility

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According to Techcrunch.com, one of the leading online media sources, the market valuation for cryptocurrencies has increased to over $177B USD as of October 30, 2017, and continues to grow. Jeffery added: Canadian industry has had several failed attempts to host this type of business, and hasunfortunately let those opportunities go to Iceland or other locations in Europe instead. This is unfortunate as it is a very significant vertical market. We believe we can create a magic formula of service, cost of power, infrastructure build, and speed to market, that going forward, will attract and capture a significant percentage of the overall world demand.

About Uniserve

Uniserve is a unified communications company that has been in existence for over 28 years, combining voice, data and media, all into one seamless solution. One invoice and one point of contact in Canada, spread across 13,000 customers serving the Residential / Small Office / Home office and Enterprise markets.

A strong Managed Services and Data Centre team have been in place for over eight months, coming from Digital Reality, CBRE, Radiant and Xanity Cloud. The recent acquisition of Glenbriar completes the Managed Services portfolio with offices now across Canada.

This news release was prepared on behalf of the Board of Directors, which accepts full responsibility for its contents.

Learn more at www.uniserve.com or at www.sedar.com.

Cryptocurrency Mining Facility

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Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it less complicated to transfer price range among two events in a transaction; these transfers are facilitated via using public and private keys for security functions. These fund transfers are executed with minimum processing prices, allowing users to keep away from the steep fees charged by maximum banks and monetary institutions for twine transfers.

Valuable to the genius of bitcoin is the blockchain it uses to store an internet ledger of all the transactions that have ever been carried out using bitcoins, imparting a statistics structure for this ledger that is uncovered to a restricted hazard from hackers and can be copied throughout all computers running bitcoin software. Many professionals see this block chain as having important uses in technology, which includes online voting and crowdfunding, and major monetary establishments along with jp morgan chase see capacity in cryptocurrencies to decrease transaction fees with the aid of making fee processing greener.

But, because cryptocurrencies are virtual and do no longer have a valuable repository, a digital cryptocurrency stability may be worn out by a laptop crash if a backup copy of the holdings does no longer exist. When you consider that charges are primarily based on deliver and call for, the price at which a cryptocurrency can be exchanged for another forex can differ widely.

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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