HashChain Acquires Node40 to Improve Mining

HashChain Technology has announced that it acquired technology company NODE40 in order to diversify its cryptocurrency mining strategy with blockchain
31 January 2018   2775

NODE40 Balance is a robust cryptocurrency reporting software that integrates directly with certain major cryptocurrency exchanges, and NODE40 also provides Dash masternode hosting services. The company's aim is to free cryptocurrency investors from the technical hurdles and time investment needed to run Dash masternodes.

NODE 40 was recentry acquired by HashChain, a blockchain technology company, and the publicly traded Canadian cryptocurrency mining company which supports flexible mining operations across major cryptocurrencies.

Patrick Gray, the founder of HashChain stated that one of the major goals of the industry at the moment is cryptocurrency accounting and reporting for tax purposes, that is why software developed by NODE40 is on such a high demand.

Cryptocurrency mining remains an important focus for HashChain, as we continue to acquire more Rigs and generate revenue on a large scale. The acquisition of the NODE40 Business is an important next step of creating a global blockchain technology company.

Patrick Gray
CEO and Founder, HashChain

Perry Woodin, the co-founder of NODE40 stated that the acquisition of NODE40 by HashChain means that the companies can rapidly grow blockchain service offerings, as it expects to expand the NODE40 Balance accounting service to support additional transparent blockchains and integrate with many more exchanges.

Cheap Hydropower in Oregon Attracts Miners

During few months, a few bitcoin miners have been heading to regions in North America
23 February 2018   113

According to the local press, miners are starting operations in the area because of concentrations of cheap electricity.

In the state, there are roughly 12 more mining operations. For instance, in a small town called Dalles located the biggest mining operation in the state called Oregonmines, which is operated by Terrence Thurber. It is an industrial-sized operation with over 2,750 mining rigs in a warehouse with no windows. Robert McCullough of Portland General Electric (PGE) stated that more companies are on the way. He is not impressed by the mining movement in Oregon. In his opinion, Oregon may become the center of crypto-mining in the world.

We may find our burgeoning surplus of energy will make us quite a capital for useless servers solving useless puzzles. It’s not as if we have a huge amount of employment attached. It’s not as if you’re going to have a big staff and a lot of smart people working on it.

Robert McCullough

Portland General Electric consultant 

One of the biggest reasons miners are attracted to Oregon is because of the Columbia River hydropower system. The hydro-powered electricity costs 3 to 4 cents per kilowatt-hour. It is almost the lowest price in the U.S.

According to the Oregonmines founder, the location is also helpful because the facility is close to a major metro, and weather patterns are favorable.