Completion and Full Deployment of UnitedCorp's Third BlockchainDome Brings Total Miners in Service to 4,000
November 08 2018 - 9:30AM
InvestorsHub NewsWire
Completion and Full Deployment of
UnitedCorp's Third
BlockchainDome
Brings
Total Miners in Service to
4,000
1,500
Additional Miners in place online
in latest BlockchainDome
Miami, FL --
November
08,
2018 -- InvestorsHub
NewsWire -- Miami-based
United
American Corp ("UnitedCorp")
(OTC:
UAMA) is pleased to announce the
completion of its third BlockchainDome and the
full commissioning of 1,500 additional miners for a total
of
4,000 miners (6.2 megawatts
total and
additional 7.5 million BTUs of heat) now in service in
three
BlockchainDomes.
As announced
on September 19, 2018, pre-installation of 1.5
megawatts to be used for photosynthetic lighting in
adjacent
greenhouses to be heated by
the
BlockchainDomes
is also
complete.
UnitedCorp continues to
design, develop and implement efficiencies of construction of the
BlockchainDomes and provisioning of the dome's
servers. This
includes even more emphasis on
in-house or sub-contracted
prefabrication of more
of the
BlockchainDome components
than in
previous
domes, resulting in lower costs, higher quality and consistency of
product and the ability to inventory BlockchainDome components for
overall more rapid deployment.
A key test for this new
BlockchainDome was the deployment of Canaan Avalon 841
miners in the dome
versus
the Bitmain
S9 miners used
in previous BlockchainDomes. This required some design changes in
the server docking stations given the different design
of the Avalon 841. These adaptations were
developed rapidly by the company's engineering team and
quickly
incorporated
into the CNC machining process of the relevant docking station
components and did not result in any significant
delays in
deployment. This outcome
was
important to the Company as
it showed that the
BlockchainDome
can be easily
adapted to different server configurations through its flexible
manufacturing process and confirmed that once
site infrastructure is in place, BlockchainDomes can be deployed in
a matter of weeks.
"We are very proud of our
new BlockchainDome and particularly proud
of our
BlockchainDome design and
implementation team," stated UnitedCorp
CEO, Benoit Laliberte.
"Since we started our first
BlockchainDome in March of this year, we have evolved
from using a
piecemeal approach to a full 'assembly
line' process
which
includes a flexible manufacturing
system for many components.
Full
commissioning of this dome follows the commissioning
of our last dome by only 7
weeks."
In addition,
UnitedCorp's
fourth dome
on the current
campus is expected to be
online within the next two
weeks. Preparations are also
currently underway for an additional heat campus site.
UnitedCorp's
technology
uses the heat from mining servers
to support
greenhouse agricultural operations through the BlockchainDome Heat
Station system which keeps
greenhouses at 20+ degrees Celsius
year-round. This represents a simple
design solution compared to various alternatives whereby the cost
of generating this heat from a single source is shared between
multiple use cases.
Commercial greenhouses in
cooler climates like in the Province of Quebec typically require a
significant amount of thermal energy to supplement daytime solar
energy, particularly during the period of September to
May, and many older greenhouses
utilize inefficient heating systems for this purpose.
In addition to
heating, the dry heat produced by the
BlockchainDome Heat Station is used year-round in positive pressure
greenhouses to reduce greenhouse mold and
fungus caused by condensation thereby reducing or eliminating the
need for chemicals to treat this problem. This creates conditions
for a
more organic growth environment.
UnitedCorp believes this
"Heat Campus" approach for heat generation and utilization is the
future for agriculture
and any other
industry that can make use
of low-cost heat, with the
ultimate
goal
being to get as close
to
zero waste as
possible. This is not only good
economically but allows businesses to
"green" their operations by significantly reducing the amount of
electricity the combined operations require from the
grid.
How BlockchainDomes work
can be seen at: https://www.youtube.com/watch?v=YDmhhaJKHLg
Canaan
Avalon 841 on BlockchainDome Docking Station
About
United American Corp
Established in 1992,
United American Corp is a Florida-based development and management
company focusing on telecommunications and information
technologies. The company currently holds the rights to manage a
portfolio of patents and proprietary technology in
telecommunications, social media and Blockchain technology, and
owns and operates the BlockchainDomes which are designed to provide
heat for agricultural operations using computer equipment in
naturally cooled data centers where efficiency and low-cost
operations are a priority.
The UnitedCorp
BlockchainDome was designed to provide heat for
agricultural operations using ASIC (application-specific
integrated circuit chip) mining operations where efficiency and
low-cost operations are a
priority. The BlockchainDomes, which utilize a
proprietary passive cooling
ground-coupled heat-exchanger technology, are 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. BlockchainDomes can be
configured in a wide range of sizes to service any type of
greenhouse operation.
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 Relation
investorrelations@unitedcorp.com
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