UnitedCorp Announces
Greenhouse Heat Generation Station
Technology to be Incorporated
with its Cryptocurrency
Mining Project in Quebec
BlockchainDomes when paired with
commercial greenhouses for heat generation are able to
provide them with up to 3-5 million
BTUs per hour of thermal energy
per hour per dome
MIAMI, FL --
March 19, 2018 -- InvestorsHub NewsWire -- Miami-based United
American Corp ("UnitedCorp"), (USOTC:
UAMA) and its subsidiary
Blockchain Data Centers Inc. announced today that further
to the announcement of the BlockchainDome program in January
of this
year,
UnitedCorp will incorporate a greenhouse heat generation station
into its first BlockchainDome currently under construction in
Quebec and which will be used in future domes.
UnitedCorp's
BlockchainDome
Passive Cooling Ground-Coupled Heat-Exchanger technology uses
Canadian well and chimney effect principals combined with a
technique for utilizing proprietary technology Negative Air
Pressure Mining Rig docking stations. This process takes surface
air and cools it naturally without electricity via a
subterranean heat exchange system. The cool air is then heated as
it cools cryptocurrency mining rigs and this heat can be used for
other purposes.
Commercial
greenhouses in cooler climates like in the Province
of Quebec typically require a
significant amount of thermal energy to supplement daytime solar
energy, particularly during the period of September to May and
many older
greenhouses utilize inefficient
heating
systems
for this
purpose.
Coupled with the increasing cost of electricity, greenhouse
operators look to innovative solutions to meet their heating needs.
As with any data center operation, cryptocurrency
mines
generate a lot of heat and this heat is either wasted through
ventilation into the atmosphere or cooled through air conditioning
which is both expensive and inefficient.
Both ways of dealing with this heat are a waste of a
valuable economic resource and do not support
principles of sustainable development.
UnitedCorp's technology will use
the heat
from cryptocurrency mining to support large scale greenhouse
agricultural operations through the BlockchainDome heat generation
system which can keep greenhouses as 20oC year round.
This
represents a
simple design solution compared to various alternatives whereby the
cost of generating this heat from a single source
is shared between
multiple use cases. UnitedCorp believes this
"Heat
Campus"
approach for heat generation and utilization is the future for
these industries and any other industry that can make use of
low cost
heat and the long term goal is to get as close zero waste as
possible.
UnitedCorp
believes this is both good economically and allows businesses to "green" their
operations by significantly reducing the amount of
electricity the combined
operations require from the
grid.
Cryptocurrency
operations have suffered recently due to increased costs of
operations in some areas,
high fluctuations
in the value of these currencies and many new entrants into
the mining sphere. As a result, some
operations are now working at or around breakeven.
The
BlockchainDome technology represents an innovative solution for
large scale Bitcoin mining as it addresses the most
important cost factors being electricity for the miners,
electricity for cooling and overheating of equipment which leads to
failure of reduced efficiency and equipment
failure is a significant cost to the industry.
In
the major bitcoin
mining centers of China which host many of the
largest "mining pools" in the
world,
miners can access very cheap electricity which is produced by
hydropower. In order to be competitive
operations outside China must be able to access
electricity
below
US
4 cents
per kilowatt
hour (kWh). The cost of electricity in
a BlockchainDome
is
approximately US 3 cents per
kWh
excluding demand charge and there is no
additional energy
cost associated with cooling
and
ventilation as these are dealt with
through the Canadian well technology.
BlockchainDomes
Technology with Greenhouse Heat Generation
Station
The UnitedCorp
BlockchainDomes are designed for large scale ASIC
(Application-Specific Integrated Circuit chip) and GPU (Graphics
Processing Unit) mining operations where efficiency and low cost
operations are a priority. The BlockchainDomes are particularly
well suited for situations where rapid cluster deployment is
required as they can be erected and commissioned in a matter of
weeks rather than up to a year using the traditional "Bricks and
Mortar" approach. UnitedCorp believes that the combination of low
cost of operation, rapid deployment and low capital cost will
result in BlockchainDomes providing one of the lowest overall Total
Cost of Ownership (TCO) in the mining industry and the most
efficient cooling solution for high density power mining
operation.
The
BlockchainDomes utilize a proprietary passive cooling
ground-coupled heat-exchanger technology providing them with a
highly efficient cooling solution for high-density mining
operations which contain some of the hottest running computers in
the world. Operational limitations are often encountered in mining
operations with inadequate cooling as chips heat from the heavy
processing required for mining causing a protective throttling back
of 5-25% processing power to keep the systems from overheating.
This throttling back reduces the efficiency of the operation and
therefore reduced mining output. While active cooling through air
conditioning and power venting are used in traditional bricks and
mortar mines facilities, this adds significantly to the cost of
operations and reduces their profitability.
The
BlockchainDomes utilize some 2,700 feet of subterranean 24 inch
diameter PEHD conduits installed 8 feet below grade which extend
away from the dome on each side for a total of 17,000 cubic feet of
air intake and are extendable if required. Filtered surface air is
drawn into the conduits as a result of the negative pressure which
is created within rig docking station and from the overall chimney
effect within the dome. The conduits are designed with a corrugated
external surface to provide enhanced surface for thermal transfer
with the ground, and a smooth internal surface for better laminar
air flow and reduced air turbulence.
Warm surface
air passing through the conduits is cooled naturally to 55 degrees
Fahrenheit (the year round ground temperature) over the length of
the pipe run as a result of solid-to-air and air-to-air heat
exchange. The air then flows to the underside of the mining rigs
which are encased in sealed mining rig docking station. The
negative dome pressure is created through a combination of the heat
rising from the mining rigs (the "chimney
effect"), the server cooling fans and
the heat exhaust
ducts at
the apex of the dome connected to greenhouse located beside the
dome.
BlockchainDomes are designed
specifically to keep the heat generating processors at an optimal
temperature through passive cooling. This includes an emphasis on
laminar flow to reduce turbulence and an air path which reduces
resistance. One of the shortcomings of most active cooling systems
is that they use horizontal air flows which are less effective at
cooling due to the inefficient flow of air. In addition, the typical
stacking configuration used for the servers means that servers on
upper racks receive hot air from servers in lower racks.
All mining rig
computer equipment inside the BlockchainDomes is installed on
individual vertical pipes which are connected to the Canadian
wells. By using negative air pressure mining rig docking stations,
vertical air flow from the intake pipes brings cool air from the
ground well intakes to the underside of the docking station and
maintains the direct vertical nature of air movement direction
inside the dome.
Each dome
naturally exhausts more than 200,000 CFM of warn air through
exhaust ducts and does not require any air conditioning or
electro-mechanical cooling or ventilation system.
BlockchainDomeTM Heat
Generation Station Rendering
About United American Corp
Established in
1992, United American Corp is a U.S. Florida-based development and
management company focusing on wireless and fix telecommunications
networks, data centers, social media and blockchain technologies.
The company currently holds the rights to manage a portfolio of
patents and proprietary technology in wireless telecommunications,
social media, cryptographically-based mining data centers and
Blockchain PSTN network technology.
This news
release contains forward-looking statements that are subject to
various risks and uncertainties. The Company's actual results could
differ materially from those anticipated in such forward-looking
statements as a result of numerous factors that may be beyond the
Company's control. Forward-looking statements are based on the
expectations and opinions of the Company's management on the date
the statements are made, and the Company assumes no obligation to
update forward-looking statements should circumstances in
management's expectations or opinions change.
Source:
United
American Corp
Contact:
Jenna
Trevor-Deutsch
Investor Relations
investorrelations@unitedcorp.com
604 398 5000 ext: 109
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