Cryptocurrency miners use ASIC miners to mine it, where electricity plays a significant role. Moreover, if more miners engage in mining cryptocurrency, then the problems arise. How can we solve this issue? Introducing, Atlas Cloud Enterprises Inc. is a Vancouver-based high-tech company that offers tailored Colocation and flexible Cloud Computing options for small and medium businesses in Western Canada.
What will an Atlas cloud do?
With cash in hand, Atlas Cloud acquires MKH Electric City Holdings LLC in Washington, which owns a 6,600 square foot facility in Grant County, WA. Also, the deal gave a boost in that it had a contract for low-cost electricity. That offers it a COMPETITIVE EDGE in cryptocurrency mining when the Data Center is complete. Currently, Atlas’ Data Center has a capacity of 3Mw with plans of expanding to 5Mw shortly.
Probably, Cryptocurrency mining is a made up of racks of computers, and they suck electricity like there’s no tomorrow. But in Atlas Cloud’s case, $0.03 per MWh gives the company an ability to make money.
Furthermore, 3 Mega Watts of dedicated power gives the ability to host up to 1,700 Application Specific Integrated Circuit (ASIC) mining servers. In 2019, the energy capacity will increase by 2MW, and it is FULLY FUNDED to complete both phases of development.
Moreover, Atlas Cloud buys 1,000 Antminer S9’s from Bitmain Technologies Ltd. The Antminer S9 is considerably the most potent, power-efficient, and first-ever consumer grade bitcoin miner in the world.
What do you think about cloud mining? Will it be a safe one or the method following now will be comfortable? Share your thoughts below!