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DMG Blockchain Solutions is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end blockchain solutions to monetize the blockchain ecosystem.

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DMG Blockchain Solutions Announce Bitcoin Mining As A Service Contract Of 7 Megawatts

DMG Blockchain Solutions Announce Super Bitcoin Mining Contract Of 7 Megawatts DMG Blockchain Solutions, the world-class cryptocurrency management company, has announced the signing of a Mining as a Service (MaaS) contract with a blockchain industry company. The new deal will see DMG host an approximately 7 megawatts worth of Bitcoin mining capacity for its new client. Further details unraveled in the agreement indicate that the new customer will pay an additional hosting fee for DMG's 4,200 newer-model Bitcoin miners. Apparent information also suggests that the contract run for three months, with automatic renewals available after each period. Dan Reitzik, CEO of DMG Blockchains states, “We are pleased that, just as we energized our new substation, we added a significant new client and we are now filling our capacity by DMG's MaaS growth strategy. We have been cautious to preserve capital in our first year as a public company by focusing on our MaaS hosting model.” Despite the recent drop in Bitcoin network computing power(has to rate), DMG Blockchain can confess that its mining capacity is still profitable at the current Bitcoin pricing, in regards to its operational basis. “Given our solid position, we are thus prepared to fill the remainder of our capacity with new generation mining equipment expected in the new year, which should result in additional cash flow generation for both DMG and our clients,” adds Reitzik. What Is Maas? Similarly to precious minerals, Bitcoin is also finite, and this presents a valuable opportunity for individuals and companies offering MaaS (Mining as a Service). DMG provides these MaaS solutions to investors and companies lacking the expertise to mine Bitcoin at an industrial scale. The firm's clear solutions enable the customers to procure experts who set up and manage the process on their behalf. The idea is to allow Bitcoin miners to make a decent profit that is only possible with the advanced experience and output by DMG's team of seasoned Bitcoin miners. For DMG, the goal is to achieve a steady flow of profits and revenue independent of the price volatility of Bitcoin. Increasing Industrial-Scale Mining DMG made an additional announcement of a contract expansion with a client using their hosting service. The contract expansion would include an extra 1,850 miners, making it worth approximately 2.5 megawatts. The company also expects older-model Bitcoin miners (1,650 units) from previous MaaS contracts to turn on their operations that were terminated for 90 days. Despite this, DMG still enjoys plenty of investing with more companies looking for professional mining services to diversify their portfolio. The company's stocks mirror the increasing positivity, with shares trading at 17 cents after a 6% value increase. Hopefully, the Bitcoin market could pick up and further propel DMG Blockchain solutions to more clients. About DMG Blockchain Solutions Canada-based cryptocurrency company DMG Blockchain Solutions Inc. is focused on two vital opportunities within the blockchain sector- mining public blockchains and applying permission-based protocols from blockchain technology to supply chains. The crypto firm features an 85-megawatt mining facility, state-of-the-art ASIC miners, BTC/LTC hosting, hardware pricing, and competitive hosting options.
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DMG Blockchain Signs 7 - Megawatt Bitcoin Mining Contract

VANCOUVER, British Columbia, Dec. 05, 2018 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSXV:DMGI) (DMGGF:OTC US) (FRANKFURT:6AX) ("DMG" or the "Company"), a diversified blockchain and cryptocurrency company, announced that it has signed a Mining as a Service (MaaS) contract with a major blockchain industry company to host approximately 7 megawatts of bitcoin mining capacity. Pursuant to the terms of the agreement, the new customer will pay DMG's hosting fee for approximately 4,200 newer-model bitcoin miners. The agreement term is three months, with automatic renewals every three months. Supporting DMG's ability to fill its mining capacity is the recent large drop in Bitcoin network computing power (hash rate), which enables large-scale industrial miners, like DMG customers, to still be profitable on an operational basis, even at current bitcoin pricing. DMG CEO, Dan Reitzik stated, "We are pleased that, just as we energized our new substation, we added a significant new client and we are now filling our capacity in accordance with DMG's MaaS growth strategy. We have been very careful to preserve capital in our first year as a public company by focusing on our MaaS hosting model. Given our solid position, we are thus prepared to fill the remainder of our capacity with new generation mining equipment in the new year, which should result in additional cash flow generation for both DMG and our clients." The Company also announced that an existing client is expanding its hosting contract with DMG to include an additional 1,850 miners (approximately 2.5 megawatts). As well, 1,650 older-model bitcoin miners (approximately 2 megawatts) from previous MaaS contracts have recently been turned off for up to 90 days for two clients with the option to turn back on at any time during the 90 days before their contracts would terminate. -------------------------------------------------About DMG Blockchain Solutions Inc.DMG Blockchain Solutions Inc. is a diversified blockchain and cryptocurrency company that manages, operates and develops end-to-end solutions to monetize the blockchain ecosystem. DMG, with its Blockseer division located in ...Full story available on

DMG Blockchain Announces 85-Megawatt Crypto Mining Facility

On November 8, 2018, blockchain and cryptocurrency mining firm DMG Blockchain announced the opening of its new 85-megawatt crypto mining facility in Canada, as per a press release by Global News Wire.  Massive Mining Facility DMG Blockchain Solutions Inc. has just announced the inauguration of a new crypto mining facility that is capable of a running an 85-megawatt mining operation....Read More. The post by Nuno Menezes appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
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DMG Starts Operating 60MW Bitcoin Mine in British Columbia

DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.  Also Read: Vietnam at Crossroads on Cryptocurrency Regulations DMG Partially Powers New Mining Facility The Vancouver-based company has started operations at its 27,000-square-foot cryptocurrency mine, which sits on a 34-acre site in British Columbia. The electricity used by the mine is estimated to be enough to power 50,000 homes. The facility is believed to be the second-biggest mining operation in Canada. The site is powered by clean hydroelectric power and will not have an impact on the electricity distributed to the local community. “DMG now proudly owns one of the largest, most cost-efficient, bitcoin mining facilities in North America,” said Dan Reitzik, chief executive officer of DMG. “It was an audacious undertaking, but DMG’s executive team has been in the mining space for years, and we have the know-how and connections with the utilities and government agencies to pull it off.” The site will provide low-cost energy to DMG, as well as third-party customers via its mining-as-a-service operation. The construction of the crypto mine took approximately one year. As part of the announcement, DMG also said that Simon Padgett has stepped down from his role as the director of the company. Hut8 and Bitfury Still Operate Largest Mine in Canada DMG’s new facility is expected to hold the distinction of being the most powerful cryptocurrency mine in Canada once it is fully powered. However, at the moment it still falls shy of a 63MW site that Hut8 and Bitfury are jointly operating in Medicine Hat, Alberta. Unlike DMG’s facility, the operation in Medicine Hat is powered by the local grid, which uses natural gas to generate electricity. “I’m in the business of making electricity and selling it to industrial users,” Ted Clugston, the mayor of Medicine Hat, recently stated. He also described the cryptocurrency mining industry as comprising “mining for ones and zeros” by converting “gas into electricity, which is being turned into Bitcoins.” Do you think crypto mining poses a challenge to the environment, or is it a form of electricity arbitrage across the global market? Share your thoughts in the comments section below! Images courtesy of Shutterstock At there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more. The post DMG Starts Operating 60MW Bitcoin Mine in British Columbia appeared first on Bitcoin News.
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What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada

The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a Service The post What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada appeared first on CCN

DMG Blockchain Officially Powers Up 85 Megawatt Cryptocurrency Mining Operation in Canada

The Canadian cryptocurrency and blockchain technology company DMG Blockchain Solutions Inc. announced that it decided to start a new cryptocurrency mining facility. As per the report released on November 8, DMG explains that the facility will start with 60 megawatts and will reach 85 megawatts in the future. The facility is one of the largest North American mining farms. As per the report, the company is located in an area that has abundant hydroelectric power. This is very important because it would allow the company to reduce electricity costs in a moment in which Bitcoin is operating stable close to $6,500 dollars. According to the statement, the company has a 27,000 square foot cryptocurrency mining-as-a-service (MaaS) in an area of 34 acres. It is important to mention that the operation will not be affecting the power needs of the residents of the region. Indeed, this is a key point of this mining facility that requires the same amount of energy to power 50,000 homes. Since Canada has an abundance of hydroelectricity plants and low power costs, the country became a very attractive location for virtual currency miners. Back in June, one of the most important Canadian electricity providers, Hydro-Québec announced new rules for companies interested in purchasing electricity. Firms will have to quantify the number of jobs created and the investment that they are expected to generate per megawatt. Dave Evdokimoff, CEO of Boundary Electric, said that the company has never seen a demand in the electrical manufacturing industry as it is being generated from the crypto space. About it, Evdokimoff said: “The opportunity to collaborate with DMG on projects has brought to the forefront their commitment to creative solutions facing their industry. DMG’s approach to the design process highlights a partnership strategy focusing on cost-effective solutions without compromising quality.” At the same time, Hydro-Quebec is also seeking to allocate around 500 megawatts in addition to the 120 megawatts that it already has in existing initiatives. Moreover, the company has also received over 100 requests from different organizations. The demand exceeds 10 terawatt hours. Cryptocurrency mining activities have expanded all over the world. China, Canada, Switzerland, Iceland, the United States and Russia became very important locations for mining activities. In order to remain profitable, companies searched for places with cold weather and cheap electricity. With the price of the most important virtual currencies in a bear trend since the beginning of the year, mining activities became almost unprofitable for some smaller and medium-sized miners. At the time of writing, Bitcoin’s hash rate is 43,213,784 TH/s. Since its all time high a few months ago, Bitcoin’s network lost 30% of its hash rate.
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Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
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Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
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Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: Facebook: Telegram: ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: CoolWallet S: Trezor: Ledger Nano S: KeepKey: Read about them here: --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) Grayscale Tweet Grayscale BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 Nasdaq Tweet -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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