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1,500 Additional Miners now in Service for a Total of 2,500
MIAMI, Sept. 20, 2018 (GLOBE NEWSWIRE) -- Miami-based United American Corp ("UnitedCorp") (OTC: UAMA) is pleased to announce the completion of its second BlockchainDome and the full commissioning of 1,500 additional miners for a total of 2,500 miners (3.8 megawatts) now in service in two BlockchainDomes. Pre-installation of 1.5 megawatts of electrical service for adjacent greenhouses heated by the BlockchainDomes is now also complete.
The latest BlockchainDome incorporates a number of improvements in construction and deployment from the first dome which includes mass pre-fabrication of a number of dome components and in-house CNC manufacturing of the mining rig docking stations. Construction logistics have also been refined to include pre-installation of foundations and utilities for future domes resulting in overall lower construction costs and shorter construction timelines.
"We have taken everything we have learned from the construction of the first BlockchainDome and used this knowledge to make the implementation of this subsequent BlockchainDomes faster, cheaper and of better quality," stated UnitedCorp CEO Benoit Laliberte. "Along with the generation of heat from the BlockchainDomes for agricultural purposes, our goal remains to be the low cost and environmentally sustainable standard for the industry."
UnitedCorp's technology uses the heat from cryptocurrency mining to support greenhouse agricultural operations through the BlockchainDome Heat Station system which keeps greenhouses at 20oC 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. The dry heat produced by the BlockchainDome Heat Station is also used in the summer to reduce greenhouse mold and fungus caused by condensation thereby reducing or eliminating the need for chemicals to treat this problem and creating 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 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
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.
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.
United American Corp
604 398 5000 ext: 109
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/a4b84e69-8bbc-441b-9ee0-c216666608dd