Canadian HyperBlock to acquire CryptoGlobal

Canadian mining-as-a-service company HyperBlock plans to purchase Toronto-based mining firm CryptoGlobal to expand their range of services
06 April 2018   541

Mining-as-a-service has become quite popular with audience, who can't afford a rig or don't want to have a noisy and power-hungry machine running all day long in their house. And one of the largest players in this field in Canada – HyperBlock Technology Corp plans to grow larger still. They announced that they entered a purchase agreement with CryptoGlobal.

HyperBlock plans to buy out CryptoGlobal for a whopping sum of 106 million Canadian dollars, which is roughly equivalent to US$83 million. If the acquisition comes through smoothly, HyperBlock will become one of the largest players in the market of outsource mining.

Toronto-based CryptoGlobal currently is in the business of mining Bitcoin, Ethereum, Litecoin and Dash. And when their computing power joins the market of mining-as-a-service under HyperBlock's flag, it would make a significant impact. HyperBlock's CEO Sean Walsh commented, that this deal furthers the goal of his company to become a comprehensive direct-to-consumer crypto company, offering products and services to the customers to make and manage their crypto-asset investments. Also he added that after the acquisition is finished, HyperBlock plans to be listed on the Canadian Securities Exchange, which is expected around the end of May this year.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.