Fatfish Internet Group, the global venture firm to undertake cryptocurrency mining
51% of APAC Mining Corp is owned by Fatfish Internet Group Ltd. which is lately in news for acquiring an industrial site. The mining corporation has its location in Singapore. However, the location of this industrial site is in the city of Montreal, Canada that will undergo a conversion. A cryptocurrency mining site will be established at this industrial site.
Cryptocurrencies like Bitcoin, Ethereum Litecoin and Dashcoin are mined by the APAC Mining Corp. The mining operations are conducted in Malaysia to generate these virtual currencies.
High electricity consumption is involved in mining activities. Montreal happens to be a city powered by hydro-electricity. It is ranked as one of cities to have the lowest rates of energy. At the new mining site at Quebec nearly 700 servers to support cryptocurrency mining can be powered.
According to sources, Kin Wai Lau, the CEO of Fatfish has stated, “By setting up this facility in Montreal, APAC will ultilise some of the lowest energy rates in the world, which not only reduces operating costs, but makes the operation more environmentally friendly.
Once we have this first site operational, we will plan for the expansion of APAC’s operations in the Quebec region through the establishment of additional crypto mining sites”
However, in the month of February, 2018, the commencement of the mining operations by APAC was held in Malaysia. This nascent mining corporation has already begun to yield tokens like Bitcoins, Ethereum and Bitcoin Cash.
(Image source: Google)
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