Replies to post #101524 on Santo Mining Corp (SANP)

[boo boo]

I sure do. Posted about it. Said they were ordering 75 additional units. My favorite line from that PR is:

"The Company is conducting its Research and Development activities on the servers to among other purposes to optimize processing power while improving electric power consumption reduction of ambient sound."

I even made fun of them having their pods located in a Walmart parking lot, mining crypto coins. I can't believe the stock still moves on Bitcoin hype. Oh well, gotta learn that lesson somehow. Go SANP...not!

On November 17, 2017, the Company received 12 high-end Cryptocurrency processing servers from Canoe Pool under the terms outlined in its MOU with Canoe Pool. These processing servers are preconfigured for Bit Coin mining and related processing. The Company is currently conducting Research and Development with these units while Canoe Pool is enhancing its software to enable transaction and encrypted storage functions for BitCash. BitCash is alternative to Bitcoin, which enjoys greater payouts to mining pools and does not share the same volatility of Bitcoin. Canoe Pool expects to begin BitCash mining on December 20, 2017.

The Company is conducting its Research and Development activities on the servers to among other purposes to optimize processing power while improving electric power consumption reduction of ambient sound. Each unit has potential to process up to 12 TeraHashes, preliminary results led to the Company ordering 75 additional units.

The company is analyzing the rental of colocation data space versus developing container pods to house units to mining crypto currencies. Availability of cost efficient electricity is a major factor in determining where the company will locate the mining systems.