Canadian TSX Venture Exchange Approves Crypto-Mining Company HashChain

On December Legitimate, 2018, HashChain Technology , a cryptocurrency mining company, went public for the very first time on the TSX Venture Exchange under the ticker symbol KASH, joining at least eight other crypto-related startups including HIVE Blockchain Technologies (Genesis Mining).

At least 50 more blockchain and cryptocurrencies firms are preparing to list on the TSX te the coming year, including Hut 8 Mining Corp., according to Harris Fricker, CEO of GMP Capital Inc., noting that the TSX Venture Exchange tends to be less risk-averse than many other stock exchanges around the world.

Ter the past, the TSX Venture Exchange has bot mainly for smaller companies trading oil and gas, traditional mining and, recently, medical marijuana futures according to Fricker. He says that “at least eight cryptocurrency-related stocks are now trading te Canada.”

HashChain stock began trading today at $Two.20 CDN a share. The company has already raised $Four.Four million with 41,179,000 common shares both issued and outstanding, te prep for today’s launch on the TSX.

HashChain says it will primarily mine the altcoin Dash but will go on to mine bitcoin te January 2018. After that they say they will “ be supporting very scalable and limber operations across all major cryptocurrencies.”

The company is counting on their Canadian location to give them an edge:

“Our ideal location for mining will maximize revenue on each coin, and our proprietary treatment to operations can sustain rapid growth and scalability.”

HashChain CEO Patrick Gray told Bitcoin Tv-programma te an vraaggesprek that albeit their office is ter Fresh York, mining operations will be run out of Vancouver, Canada.

“We have our mining operation te Vancouver because it’s the optimal location to reduce the costs of large-scale mining. Canada has cheap internet, low energy costs and a cold climate that greatly reduces the cost of cooling mining equipment,” noted Gray.

“We monitor thesis operations 24/7 from Fresh York with a web interface that ensures IP, temperature, hashrate, wattage, ventilatoren and memory are all operating at maximum efficiency. This permits us to minimize expenses for each coin mined.”

HashCoin Hopes to Benefit from Canadian Energy Efficiency

Spil a commence, HashChain is mining on the Ethereum blockchain using high-performance ASIC 100 Dash mining equipments. It has also purchased 770 ASIC bitcoin equipments.

“One of HashChain’s core advantages is that our operations are te Canada, which is one of a few places globally that offers the most energy-efficient mining conditions,” said Gray.

“On top of that, there is likely to be fresh equipments on the market ter the near future that reduce the amount of energy required to mine at high hashrates, similar to how the market largely moved from GPUs to ASICs for this reason. From a general standpoint, spil the country commences to budge towards renewable energy, this could lessen the environmental influence spil well.”

HashChain hopes to set up more mining locations ter cool climates, with low-cost energy and reliable high-speed internet, what the company calls the “trifecta” most critical to mining success.

They are also presently working on proprietary software capable of monitoring hash rates of equipment so they will automatically switch computing power to the currency that is most profitable at that time.

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