Business
Vapor Group, Inc., Buys Five More State-of-the-Art Cryptocurrency Mining Machines
Vapor Group, Inc., Buys Five More State-of-the-Art Cryptocurrency Mining Machines.
About this update from Vapor Group Inc
[{"type":"text","content":"\n\n\n\nVapor Group, Inc., Buys Five More State-of-the-Art Cryptocurrency Mining Machines\n\n\n\n\n\nVapor Group, Inc., Buys Five More State-of-the-Art Cryptocurrency Mining Machines\nNew Cryptocurrency Mining Subsidiary Now Has Bought 35 Cryptomining Machines\nPR Newswire\nMIAMI, February 12, 2018\n\n\n\nMIAMI, February 12, 2018 /PRNewswire/ --\n\nVapor Group, Inc. (OTC Pink: VPOR), (\"Company\" or \"Vapor Group\"), announced today that its new wholly-owned subsidiary, CryptoTechCurrency, Inc. (http://www.cryptotechcurrency.com), a cryptocurrency mining company, has purchased 5 additional cryptomining machines with state-of-the-art flexibility to increase profitability, bringing the Company's total quantity of machines purchased to thirty-five (35) since December.\n\nYaniv Nahon, President, stated, \"As we reported last month, we bought five cryptomining hardware \"rigs\" each with 8 Nvidia Model Geforce GTX 1070TI video cards, that are capable of mining on a 24/7 basis 99% of all existing cryptocurrencies in existence which we added to our existing 25 \"high hash rate\" cryptomining servers bought in December that are now in service. These rigs, just now being installed, can switch on any given day to mine whatever cryptocurrency is the most profitable, greatly increasing our potential profitability from this operation. Now, we have ordered 5 more of these rigs, giving us 10 with incredible flexibility to adjust to what will give us the best return in the market.  He added, \"In the coming months, we plan to purchase many more rigs in order to aggressively build our revenues from cryptomining.\"\n\nAbout Vapor Group, Inc. \n\nVapor Group, http://www.vaporgroup.com, is a publicly traded OTC company, trading under the symbol, VPOR, and today is a holding company for several subsidiaries.\n\nCryptoTechCurrency, Inc., a newly formed, wholly-owned subsidiary of Vapor Group specializes in cryptocurrency mining, or \"cryptomining\" which is the fundamental methodology of earning and/or creating digital currencies such as Bitcoin, Litecoin and others, through the use of dedicated, specialized mining machines that perform complex mathematical functions to mine a cryptocurrency while also processing cryptocurrency transactions.  These machines operate 24-hours per day, 7-days per week within mining-dedicated, temperature-...