360 Blockchain Prospect Begins Cryptocurrency Mining

360 Blockchain Prospect Begins Cryptocurrency Mining

360 Blockchain Prospect Begins Cryptocurrency Mining

 

Vancouver, British Columbia – 360 Blockchain Inc. (“360” or the “Company”) (CSE: CODE – FWB: C5B) announces that its previously announced funding prospect has entered contracts to mine Ethereum and Zcash, two of the fastest-growing cryptocurrencies.

“Of the many upsides to cryptocurrency’s explosion in popularity are the opportunities to mine coins other than Bitcoin,” said George Tsafalas, 360’s President. “The business challenge is identifying the most lucrative contracts. SV CryptoLab has developed a solution.”

 360 Blockchain Inc. ("360" or the "Company") (CSE: CODE - FWB: C5B) announces that its previously announced f

360 Blockchain

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Silicon Valley-based SV CryptoLab utilizes a proprietary evaluation algorithm to enter into the most economically attractive cloud-mining contracts. That company plans to enter into more mining contracts on a weekly basis. 360’s due diligence on its proposed investment in SV CryptoLab is continuing.

SV CryptoLab provides an adaptable tech environment. During working hours, it’s a cutting-edge facility that’s part hacker and part social space that is open to the public where all are invited to attend weekly meetups and hackathons free of charge. On nights and weekends, the facility’s significant hardware is dedicated to mining cryptocurrency, a computationally intensive process that sits at the heart of Bitcoin and other cryptocurrencies.

The Company also advises that due to a clerical oversight, an additional 300,000 units ($18,000) were missed being issued to an arms-length subscriber on the Company’s last private placement. Those shares and warrants have now been issued and the Company’s filings at the CSE have been updated.

About 360 Blockchain Inc.

Our Mission: To empower blockchain technologies with capital and experience to create exponential value.

Company Description: 360 Blockchain Inc. has an all-round view to accelerate the development and application of revolutionary blockchain technologies by investing capital and expertise. We are founded on the belief that blockchain technology, essentially a distributed ledger which is transparent and incorruptible, has the potential to transform the way business is conducted, delivering security, cost savings and efficiency gains not seen before in our internet connected world. 360 Blockchain will be focused upon identifying and empowering blockchain technologies applying to crypto-currencies, smart contracts, eSports, data management, the internet of things, equity trading, privacy applications and beyond.

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|BITCOINRIPPLEDASHCOIN  |  Ethereum  | LTCUSD newsZCASHEthereum Classic  | BITCOIN CASH  |  Monero  |  

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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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