United Blockchain Corp Subsidiary Blockchain Data Centers Completes Acquisition of Second Mining Data Center

1/11/18

MIAMI, Jan. 11, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Miami-based United Blockchain Corp, a wholly owned subsidiary of United American Corp ("UnitedCorp") (OTC:UAMA), announced today that it has acquired a second data center facility in the West Island area of Montreal, Quebec, Canada and will become an operation of its mining division as Blockchain Data Centers Inc.

For more information visit: www.blockchaindatacenters.com

The leased space, which is fully built out with company’s owned facilities, is currently in operation and ready to start hosting GPU-based mining servers and has an estimated capacity of +100 servers, which is subject to overall air conditioning and ventilation performance. Mining servers will soon be available for sale to individuals and commercial entities and mining operations will be managed by Blockchain Data Centers on their behalf on a shared revenue basis. This approach will provide anyone or any organization a simple option to have their own mining business operated in a professional environment.

As announced yesterday, UnitedCorp recently completed experimental test on its own custom built designed 13 GPU-based Ethereum mining rig, and has 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 31 continuous days with current Ethereum network difficulty during the period of November 21 to December 22. The total revenue in USD is estimated at US$2,225 per mining rig 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 with 13 GPUs.

UnitedCorp will operate its business divisions and subsidiaries in 3 groups:

  • United Blockchain Corp for the development of its proprietary BlockNUM blockchain network and cryptographically-based distributed ledger mining facilities;
  • Social Media Posting Gateway – iFramed patented technologies operations, licensing and enforcement actions against social media alleged infringers including but not limited to Snap Inc;
  • And wireless and fix telecom operation with its 3G/4G 850 MHz wireless license and network with global operation of its proprietary Smartphone-over-IP Cloud Spectrum iPCS technology

About United American Corp

Established in 1992, United American Corp is a Florida-based development and management company focusing on telecommunications, social media and blockchain network technologies.

For more information, visit: www.unitedcorp.com

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