Miami, FL
-- January 09,
2018 -- InvestorsHub NewsWire --
Miami-based United Blockchain Corp a wholly owned subsidiary United
American Corp ("UnitedCorp"), (OTC:
UAMA) announced today that
it
has
acquired its first data center facility in
the Mile End neighbourhood
of Montreal,
Quebec Canada which it will operate through
a newly created mining division; Blockchain Data Centers
Inc.
The leased facility which has capacity for 50
mining rigs is fully built out and
will be
ready to start
hosting GPU-based mining servers within the following weeks.
UnitedCorp recently completed experimental
testing on its own custom designed and
built, 13
GPU-based Ethereum mining rig, and successfully completed a
full 30
day uninterrupted
hashing rate of 400 Mega Hash
per second (400 MHash/s) in precise over clock
calibration.
The
total amount of Ether (Ethereum or ETH) tokens mined using
an independent third party
mining
pool, was 2 ETHER TOKENS over a 31 continuous
days with current
Ethereum network difficulty during the
period of
November 21 to December 22, 2017. The total
revenue in
USD is estimated at US$2,225 based on the current value of
an ETH.
The
power draw of the rig
was
on average
1,492 watts or
1.492
kW/h
resulting in an estimated cost of electricity of
approximately US$50 per month based on
undiscounted power rates. The total cost of each rig
including assembly is
estimated
at US$8,000 and
the company is currently evaluating options for the
financing of a suite of rigs for the
facility.
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 and develop projects based on a
portfolio of patent and proprietary technology in
telecommunications, social media and more recently in Blockchain
PSTN technology. This includes patent pending Smartphone-over-IP
technology as well as the Canada and US patented iFramed social
media posting gateway. iFramed is currently the subject of
enforcement action against Snap Inc.
(NYSE: SNAP)
which
UnitedCorp alleges is the underlying
technology for Snap's "Geofilters".
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
UnitedCorp
Mining Rig