NEW YORK, March 15, 2018 /PRNewswire/ --
FinancialBuzz.com News Commentary
According to a report from Transparency Market Research, the global blockchain technology market was valued at $315.9M in 2015 and is expected to reach $20 billion by 2024, while growing at a
compound annual growth rate of 58.7 percent. Increasing number of institutions and organizations adopting blockchain technology
are one of the factors that drive the market. Binance, one of the largest cryptocurrency exchanges by trading volume, announced
this week the launch and development of the Binance Chain, a public blockchain that will focus on the transfer and trading of
blockchain assets, as well as provide new possibilities for the future flow of blockchain assets. DMG Blockchain Solutions Inc.
(OTC: DMGGF), Marathon Patent Group, Inc. (NASDAQ: MARA), Acacia Research Corporation (NASDAQ: ACTG), Block One Capital Inc.
(OTC: BKPPF), NXT-ID, Inc. (NASDAQ: NXTD)
A research by Zion Market Research explains the growth factors for blockchain market, "The global blockchain market is
witnessing an accelerated growth owing to the facility of the rapid transaction, growing influence of cryptocurrency capital,
utilization of blockchain as a service, simplified and transparent business process, and a decline in the ownership cost. On the
other hand, drastic change in supply chain management and international trade, the latest development of programmable blockchain
platforms, growing numbers in terms of blockchain adoption for digital identities, payments, smart contracts, and growing
importance for communications service providers has created some major opportunities for the global blockchain market."
DMG Blockchain Solutions Inc. (OTC: DMGGF) also listed on the TSX Venture Exchange under the ticker (TSX-V: DMGI). Just
earlier today the company announced breaking news that, "their joint initiative to study and improve power quality for crypto
mining. The goal of this collaboration is to analyze electrical characteristics and requirements for large scale crypto mining
operations. Company COO Sheldon Bennett commented, "Recently we announced a best-in-class
partnership with D-Link for switching and routing for our crypto mining operations and this week we announce a best-in-class
partnership with Primary for infrastructure and power management. This Phase 1 report will translate into significant
savings for DMG in power infrastructure costs, as our power providers will have a better understanding of our needs.
Essentially, it will make it easier for the utilities' industry to work with us which is yet another market leading
initiative."
Phase 1 of the study has been completed - The results of Phase 1 served as key inputs for the system impact study conducted by
the local grid operator. Anthony Bowers, Specialist Engineer - Primary, commented, "As crypto mining facilities are new to
utility companies, using regular industrial load assumptions can have significant implications; it's great to see DMG has set out
to ensure the right data was made available to ensure a smooth interconnection process." DMG has agreed to allow Primary to use
the results of the studies as the basis for Primary's upcoming submission to the Institute of Electrical and Electronics
Engineers (IEEE) for consideration at an upcoming conference.
Phase 2 of the study is underway - Phase 2 of the study will expand the sample size from the original test system to a larger
production system. This allows greater focus on optimizing the actual power system design for crypto mining, including
measuring the larger scale system (multi-megawatt) energy consumption, peak kilowatt demand, power factor and system harmonics.
The effect of harmonics is relatively unknown in the crypto mining community. As such harmonics are of particular
interest to DMG as they can interfere with the continuous operation of the crypto mining units.
Sheldon Bennett, COO of DMG, commented, "This partnership with Primary and their ability to
quickly understand our power needs would have been advantageous when I was building my first 58 megawatts in Alberta; however with Primary's insight DMG's current facility (designed for up to 85 megawatts) will
benefit from this information as well as the upcoming plans for DMG's next build-outs, which are in the 100s of megawatts."”
Marathon Patent Group, Inc. (NASDAQ: MARA) is formerly an IP licensing company. Following the acquisition of GBV, the
combined company will focus on the development of GBV's new business involving the blockchain ecosystem and generation of digital
assets. GBV is focused on mining digital assets and intends to add specialized computer equipment and plans to expand its
activities to mine new digital assets. Recently, the company announced that it has commenced bitcoin mining at its new facility
in Quebec. On February 8, 2018, the Company announced it had
purchased 1,400 Bitmain Antminer S9 miners and on February 15, 2018 the company announced it had
leased 26,700 square feet of data center space in Quebec, Canada. The Company is pleased to
announce the completion of its installation and the commencement of operations which are expected to utilize approximately 2.0 MW
and deliver approximately 19 Ph/s of ASIC mining capacity. The Antminer S9s are presently mining Bitcoin, but are able to mine
other digital assets/cryptocurrency using the SHA256 algorithm.
Acacia Research Corporation (NASDAQ: ACTG) announced in February that it has entered into a Joint Venture and Services
Agreement with Bitzumi, Inc, a company developing macro opportunities in the cryptocurrency and blockchain industries, including
a next generation decentralized exchange. Acacia's investment in Bitzumi represents Acacia's first investment into the
cryptocurrency and blockchain marketplaces. Bitzumi is a digital content and asset platform that plans to enable users to
transact in the cryptocurrency and blockchain marketplace. Bitzumi model is to develop a next generation decentralized exchange
while simultaneously developing and acquiring the largest network of crypto and blockchain related digital properties.
Block One Capital Inc. (OTCQB: BKPPF) is an investment company focused on high growth opportunities in the blockchain
and digital currency mining sector. Recently, the company announced that its investee company: TG12 Ventures Inc. ("TG12") has
commenced mining Bitcoin. After a comprehensive review of the original site in Montreal selected
for co-location, TG12 chose to co-locate the mining operation in Montana. The primary factors
that led to the change were operational and cost efficiency - the contracted cost of power in Montana will be USD $0.031 per kwH. Furthermore, the facility in Montana has four times more air circulation space allowing for cooler room temperatures, thereby improving
the miner's overall efficiency and allowing for significant future scalability.TG12 was able to have the shipment of the miners
rerouted to the Montana location ensuring that a setback in commencing mining of Bitcoin did not
occur.
NXT-ID, Inc. (NASDAQ: NXTD) provides a comprehensive platform of technology products and services that enable the
Internet of Things (IoT). On February 22, 2018, the company announced that it is now accepting
pre-orders for Flip™, a new contactless payment device that will enable cryptocurrency holders to use the value of their currency
to make purchases at millions of retail locations. The new device uses value exchanged from cryptocurrency to make traditional
payment transactions. Flip's near field communication (NFC) antenna allows it to transact payments at any retail point of sale
location that accepts contactless payments. Flip will store a preloaded amount of U.S. dollars that are exchanged from the user's
existing cryptocurrency account. It includes a digital wallet that allows the user to set how much value they would like their
Flip to hold and when they would like it to reload. Flip does not need to be charged. Initially, Flip will accept value exchanged
from Bitcoin and will potentially expand to other cryptocurrencies in the future.
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