LONDON, August 15, 2018 /PRNewswire/ --
Upon receiving recent substantial funding, Squire Mining Limited, a listed issuer on the Canadian Stock Exchange ("Squire"), is now engaged in the business of developing, manufacturing and selling data mining infrastructure and system technology (including ASIC chips and mining rigs) to support the mining of Bitcoin BCH and other alt coins such as coins using Segwit Technology. Specifically, the investment proceeds will be used to fund the design, development, testing and mass production of Squire's next generation ASIC chip and mining rigs for Bitcoin BCH and some Altcoins. This next generation equipment is being designed with a projected hash rate that is expected to be significantly faster while utilizing less power than the leading crypto-mining equipment currently available on the market today.
Moreover, Squire has also entered into an exclusive distributor agreement with associates of Bitcoin BCH's largest mining company, CoinGeek.com which will be granted the exclusive right to market, promote, solicit, sell and distribute Squire's new ASIC chips and mining rigs to Bitcoin BCH and other alt coin miners throughout the world. All marketing will be done under the CoinGeek.com brand. Initial sales will favour miners of Bitcoin BCH, due to the social benefits of this cryptocurrency's utility as digital money and its unique ability as the only platform that scales and is secure for the development of applications needing microtransactions.
Bitcoin BCH is the world's only functional low-cost, fast, secure digital money and the only cryptocurrency that adheres to the original Satoshi Nakamoto white paper. Average transaction costs on Bitcoin BCH are $0.002 compared with $2.00 when using the non-scaling Segwit token system and subject to a 2-4% commission for transactions on the Visa network.
CoinGeek will have a booth at the CoinGeek.com week conference on the last week of November and all Enterprise level Miners are invited to come to this event to meet with us and discuss how this product can improve your business.