![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Thursday, June 28, 2018 5:35:52 PM
Company to increase marketing efforts for installation of BlockchainDome Agricultural Heat Stations in Québec
Miami, FL -- May 31, 2018 -- InvestorsHub NewsWire -- Miami-based United American Corp ("UnitedCorp") (OTC: UAMA) announced today that further to its shareholder communication on Tuesday regarding completion of its first BlockchainDome Agricultural Heat Station and Greenhouse, it will step up its marketing activities to potential clients for this patent pending technology as a result of Québec's announcement yesterday of plans to lift the moratorium on supplying power to new crypto mining facilities.
UnitedCorp believes that the proposed lifting of the moratorium as announced by Pierre Morneau, the Minister of Energy, will result in a significant increase in demand for mining installations in general, and that the BlockchainDome Heat Station and Greenhouse represents the best option for this type of facility due to its exceptionally low capital cost, rapid deployment, low server operating cost and ability to provide low cost heat for agricultural applications.
Hydro-Québec, the Province's electricity provider, will be mandated to ensure that deployment of new crypto mining facilities meets specific criteria in order to access its estimated 13 Terawatts of surplus power. This includes maximizing economic benefits in Québec and ensuring the stability of the Province's electrical supply.
The BlockchainDome provides significant economic benefits by supplying very low cost heat for multiple value-added agricultural applications reducing growing costs in general and increasing the financial viability of agricultural products with high temperature demands.
It is also a significantly greener option than traditional facilities because of its much lower ongoing energy requirements. Furthermore, having anticipated the need for electrical stability, the BlockchainDome already incorporates sophisticated systems to meet Hydro-Québec's requirement to provide operational downtime for 100-300 hours per year during peak demands on the grid.
"Even with the eventual lifting of the moratorium, there is still a substantial lead time required to implement traditional crypto mining facilities," stated Benoit Laliberte, CEO of UnitedCorp. "Operators need to locate potential sites, have their proposals vetted by Hydro-Québec and then construct or retrofit a building. All this can take a year or more and is fairly expensive. We believe that UnitedCorp has the proven proprietary technology and know-how to get a project up and running quickly and at a lower cost. Our current operation is a showpiece for the industry."
Video footage of the dome can be seen at
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM