Winrock Resources Subsidiary Newnote Networks Commence Mining Bitcoin with Installation of Bitcoin Madmin
Winrock Resources Subsidiary Newnote Networks Commence Mining Bitcoin with Installation of Bitcoin Mining Equipment
Vancouver, British Columbia CANADA, March 12, 2014 /FSC/ – Winrock Resources Inc. (WR – CSE, 1W4 – Frankfurt),wholly owned subsidiary Newnote Networks Inc. is pleased to announce that it has received over 5 Terahash in Bitcoin mining equipment to be installed at our newly opened Vancouver based data centre. 5 TH/s can mine over $400US/day worth in Bitcoin at the current market price. Additional equipment is expected to arrive each month moving forward bringing our expected mining capacity to over 10 TH/s by June 2014.
Few Bitcoin miners’ offices and residences are equipped to handle the power intensive machines, which can exceed 2000 watts, requiring two typical circuits to run a single machine. The Newnote Data Centre is equipped with 20amp circuits, redundant power supplies, six 10-ton air conditioning units and plenty of room to host these power hungry machines for clients interested in a hosted hardware solution with remote access.
About Winrock Resources Inc.
Winrock holds a 100% interest in Newnote Networks Inc., a software and service company specializing in the development and acquisition of products and services specific to Bitcoin and other related crypto-currencies. For additional information, please visit www.winrockresources.com – www.newnote.com.
Company Contact Information
President, CEO & Director
Winrock Resources Inc.
Newnote Networks Inc.
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as “reserves” unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
To view the press release as a PDF, please click on the following link:
Source: Winrock Resources Inc. (CSE: WR) http://www.winrockresources.com
Maximum News Dissemination by FSCwire. http://www.fscwire.com
Posted: March 12th, 2014 under FSCWIRE.