USI-TECH Mining update 11-16-2017
USI-TECH is aggressively investing in cryptocurrency mining. We have secured nearly $100 million USD in contracts for ASIC and GPU mining hardware, with strategic locations in Asia, Europe, and Iceland chosen for power and proximity to technology partners. With a full deployment planned by the end of 2017, USI-TECH s ASIC miners will account for nearly 1% of the GLOBAL Bitcoin hash rate. Phase 1 of the GPU mining product, which will be fully deployed by the end of Q1 2018, is estimated to account for 2.5% of GLOBAL Ethereum hash rate.
These investments establish a firm mining foundation, with additional investments planned for continuous growth. With a focus on diversified cryptocurrency investments and revenue streams, USI-TECH is firmly positioned as the future of cryptocurrency!
Our CTO and Co-Founder, Ralf Gold, recently returned from a trip to one of our global data centers in Iceland, and we’ve prepared a short video we hope you’ll enjoy. We will continue to update you on the progress with our global mining endeavors.
We look forward to providing the best service, platform, technology and financial opportunity for each of you, our valued distributors and partners around the world.
USI-Tech Mining Facility in Iceland Tour
USI-TECH wants you to have the most accurate and transparent info possible, we have both an announcement and a clarification:
USI-TECH has entered a $70 million contract, under an NDA, with a strategic partner.
UPDATE from the 1st Anniversary Convention: USI-Tech will also invest $10 million per month in mining operations going forward.
If you saw the earlier statement that mentioned the name “Bitfury,” please note that information was inaccurate and incorrect.
This contract will allow us to expand our mining assets with hardware that can mine Ethereum, Ethereum Classic, ZCash, Dash, Monero, and other GPU based coins.
It will also give us the capability to use a proprietary algorithm that mines the most profitable coin each day and then settles into Etherium in our mining pool.
Although the mining contract and partnership are confidential by nature, we will be able to provide complete transparency to our customers and distributors at our London event on October 28th.
At that time we will release our branded Ethereum pool which will show openly on the blockchain exactly how much Ethereum USI-TECH mines on a daily basis.
USI-TECH is excited to take a strong position in the GPU mining market. And we have additional exciting announcements coming very soon regarding strategic partnerships that will allow us to participate in the ASIC Bitcoin mining market as well.
The USI-TECH Founders