HashChain Technology Responds to Bitcoin Price

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[{"type":"text","content":"\n\n\n\nHashChain Technology Responds to Bitcoin Price\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Dec. 22, 2017\n\n\n\nVANCOUVER, Dec. 22, 2017 /CNW/ - HashChain Technology Inc. (\"HashChain\" or the \"Company\") has a team of experienced cryptocurrency professionals who monitor cryptocurrencies on an ongoing basis to determine which currencies are most profitable to mine. The recent price decline of Bitcoin still provides profitability to miners. Based on the current difficulty rate of mining a bitcoin which results in approximately 0.6 bitcoins mined per annum, per mining rig, the break even price of a Bitcoin would be approximately $2,100 USD per coin. At Bitcoin prices of $10,000 USD per coin, miners are experiencing approximately 79% gross margin.\n\nPat Gray, CEO and director of HashChain, comments \"HashChain is building a Blockchain technology solutions company that is long in the space. When we started our mining operations the price of Bitcoin was approximately $4,000 USD per coin and the price of Dash was approximately $200 USD per coin. At these prices our business model was extremely viable. We believe that digital assets are the future and fluctuations in the market prices are both typical and expected. We are here to build a viable business that will innovate for years to come. Although there is a dip in the market today, the cryptocurrency market has seen many corrections since inception\".\n\nAbout HashChain Technology Inc.\n\nHashChain is a Blockchain Technology company, and the first publicly traded (TSXV) Canadian cryptocurrency mining company to file a final prospectus supporting highly scalable and flexible mining operations across all major cryptocurrencies. HashChain taps low-cost Canadian power, cool climate and high-speed Internet, the trifecta most critical to mining success, to create a competitive position for maximizing the number of mining 'wins.' HashChain currently operates 100 Dash mining rigs and has purchased 770 Bitcoin rigs which are expected to be received and installed to commence mining in J...

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