United Blockchain Corp Announces International Request for Proposal (RFP) For Its Proposed BlockchainDomes in Quebec for
January 24 2018 - 9:15AM
InvestorsHub NewsWire
United Blockchain Corp
Announces International Request for Proposal
(RFP) For Its Proposed BlockchainDomes in
Quebec for
Large-Scale Mining Operations
Miami, FL
-- January 24, 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 Centers Inc. subsidiary has
issued a Request
for Proposal (RFP) to manufacturers of cryptocurrency mining
rigs and operators of existing
rigs to install or transfer from 1 to 12
thousand mining rigs into its proposed BlockchainDomes
project
in Quebec.
UnitedCorp also released
additional
technical details
of its patent pending BlockchainDome technology.
UnitedCorp's
BlockchainDome
Passive Cooling Ground-Coupled Heat-Exchanger
technology uses Canadian well and
chimney effect principals combined with a technique for utilizing
Negative Air Pressure in its Mining Rigs within sealed
enclosures.
International
Request for Proposal (RFP)
With the
projected exodus of Bitcoin
and other
Altcoin mining operations from certain Asian
countries
the company
believes there is a tremendous opportunity
to capitalize on the geographical shift of these operations. This
has lead the company
reserve some
capacity in its proposed BlockchainDome project in Quebec
for mining equipment manufacturers
and large
scale mining operators which are
searching for
rapid deployment (or re-deployment)
and an efficient, low cost solution
to host their
gear.
United Blockchain
has therefore reached out to certain
manufacturers and
operators with a request for proposal
for
rapid
hosting
on a turnkey
basis in facilities
that would be
located throughout Quebec. Operators would pay direct Hydro-Quebec
power
costs at US$0.0276
(based on the
current CD/USD exchange
rate) plus the demand charge
and
remunerate
UnitedCorp
based on
a
per
TeraHash capacity per type of coin
mined.
Interested
parties can register and obtain copies of the
RFP at www.unitedcorp.com/rfp
As of today
the
company has invited several
manufacturers and
operators and expects to continue the soliciting
proposals for its consideration until Feb
15th, 2018. The company is of the
opinion
that the
BlockchainDomes
represent a considerable
advantage
versus
leasing/building
then adapting a 2-10 megawatt traditional
"brick and
mortar" facility. The UnitedCorp approach
increases the feasibility of operations by lowering
capital
expenditures, eliminating multi-year
lease
commitments, and other obligations hard
costs which are over and above direct
costs
related to electricity.
The
BlockchainDome Technology
The UnitedCorp
BlockchainDome has been designed for large
scale ASIC (application-specific
integrated circuit chip) and GPU (graphics processing
unit) mining operations where
efficiency and low cost operations are a priority. The
BlockchainDomes are also particularly suited for situations where
rapid cluster deployment is
required as they can be erected and commissioned in a matter of
weeks rather than up to a year using the traditional "Bricks
and Mortar" approach. UnitedCorp believes that
the combination of low cost of
operation, rapid deployment and low capital cost will result in
BlockchainDomes providing one of the lowest overall
Total Cost of
Ownership (TCO) in the mining industry
and the
most efficient cooling solution for high
density power mining operation.
The BlockchainDomes
utilize a proprietary passive cooling ground-coupled heat-exchanger
technology which provides them with a highly efficient cooling
solution for high-density mining operations which contain some of the
hottest running computers in the world.
Operational
limitations are often encountered in mining operations with
inadequate cooling as chips heat
from the
heavy
processing required for mining
causing a
protective throttling back of 5-25% processing
power
to keep the
systems from overheating. This throttling back reduces the
efficiency of the operation and therefore reduced mining output.
While active cooling through air conditioning
and/or power venting can be used
in traditional
bricks and mortar
mines
facilities, this adds significantly to
the cost of operations and reduces their profitability.
The BlockchainDomes
utilize
some 1,300 feet of subterranean
36 inch diameter
conduits
which extend away from the dome on each side
for a total of
9,200 cubic feet of air intake and are extendable if
required. Surface air is drawn into the
conduits and through air
filters as
a result of the negative pressure created within
rig enclosures and from the overall
chimney
effect within the
dome. The conduits are designed
with a
corrugated external surface
to provide
enhanced
surface
for
thermal
transfer with the
ground,
and a smooth internal
surface for better laminar air flow and reduced
air
turbulence.
Warm
surface
air
passing through
the conduits is cooled naturally to 55 degrees Fahrenheit
(the
year round ground
temperature) over the length of
the pipe
run as a result of solid-to-air and air-to-air heat exchange. The
air then
flows to the underside of the mining
rigs which
are encased in below grade
sealed
enclosures. The negative dome pressure is created through a
combination of the heat rising from the mining rigs (the "chimney
effect"),
the processor cooling fans and from 40 passive air
turbines located at the apex of the dome. At full capacity, air is
exhausted from the dome at
some
236,000
cubic feet per
minute (CFM) without external
wind. Just a 5 miles per hour wind factor
increases the exhaust rate by 50% to 300,000 CFM.
BlockchainDomes
are designed specifically to keep
the heat generating processors at an optimal temperature through
passive cooling. This includes an emphasis on laminar flow to
reduce turbulence and an air path which reduces resistance.
One of the
shortcomings of most active cooling systems is that they
use horizontal
air flows which are less effective at cooling
due to the
inefficient flow of air. In addition, the typical
stacking configuration used for the servers means that
servers on upper racks receive hot air from servers in lower racks.
However with the BlockchainDome all mining equipment is installed in the
negative
air pressure enclosure with vertical air flow intake which brings
cool air from
the Canadian well intake from the ground
to the
underside of the enclosure for a direct vertical
air
movement inside the dome.
Therefore air
always moves in a natural direction. Since each mining rig
requires some 200 CFM (cubic feet per minute) of
cool air, each
fully populated dome requires an air exchange of 200,000 CFM, well
below the draw of the passive turbines. As a result, there is no need
for air conditioning or electro-mechanical cooling.
"Our calculations
regarding the overall productivity and efficiency of the
BlockchainDomes project that we will have a significant competitive
advantage over traditional 'bricks and mortar' installations that
rely on active cooling systems and we are targeting total cost of
ownership to be some 20-30% less." stated Benoit Laliberte,
President of UnitedCorp, "This will not only be due to the reduced
cost of electricity but also takes
into account amortization of capital costs when compared to other
approaches."
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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