Monday, February 12,
2018 02.01PM / News
First Part Of
Cryptocurrency Ecosystem To Launch
Bcause LLC (http://www.bcause.com),
creator of the world's first full-stack cryptocurrency ecosystem, today
announced that it has successfully launched its state-of-the-art cryptocurrency
mining facility and data center in Virginia Beach. Staffed around the
clock, the facility is the largest of its kind in North America and represents
the first component of the ecosystem to launch.
The data center will support digital
mining of bitcoin and other leading cryptocurrencies for a broad range of
customers from all over the world - from beginners who may choose to
participate in "mining pools," to institutional market participants
and professional miners.
Bcause is able to host, maintain and
service the high-powered computers, known as mining rigs, with substantial
efficiencies due to its scale. Larger customers supply their own mining rigs.
Bcause CEO Fred Grede said:
"We've seen tremendous demand for this service, with inquiries coming in
from all over the world. I'm pleased to report at launch that our Virginia
facility, initially outfitted with 84 megawatts of capacity, is already
This validates our business plan, and
as we provide our new customers with the highest level of service, we are
taking steps to support the incredible demand by adding new capacity in
Virginia and elsewhere in the coming weeks.
We have the ability to make mining
substantially more economical for customers - whether they have large numbers
of mining rigs or are trying their hand at mining with one machine."
Just as credit card companies process
transactions by moving value from the buyer's ledger to the seller's ledger,
mining is a similar process of moving ownership of a cryptocurrency through a
process called cryptography.
The process allows the high-powered
machines, or rigs, to solve complex math problems in a specified period of
time, which - if successful - may result in the rigs' owners receiving
cryptocurrency as an award for their work.
Bcause has created a series of videos
for those interested in exploring cryptocurrencies and the mining process,
available at https://www.bcause.com/mining/
In addition to mining, Bcause intends
to offer spot trading and a regulated derivatives exchange and clearing house,
pending regulatory approval.
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