Winrock Subsidiary Newnote to Launch Bitcoin Mining Datacentre
19.02.2014 | FSCwire
Vancouver, British Columbia CANADA, February 19, 2014 /FSC/ - Winrock Resources Inc. (WR - CSE), wholly owned subsidiary Newnote Networks Inc. is pleased to announce the launch of its Vancouver based Bitcoin mining collocation datacenter. The secured facility will host our Bitcoin mining machines in addition to offering collocation services to other miners on pay-per-kilowatt basis. Newnote Bitcoin Mining Technician Bryan Hellard will oversee the operation, "Bitcoin miners have a problem, they need more power than a typical computer; our secure facility is designed to handle the need for power and cooling." Reports Mr. Hellard.Bitcoin Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. The primary purpose of Bitcoin mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a "subsidy" of newly created coins. These both serve the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
About Winrock Resources Inc.
Winrock holds a 100% interest in Newnote Networks Inc., a software and service company specializing in the development and acquisition of products and services specific to Bitcoin and other related crypto-currencies. Winrock holds a 100% interest in the Horsefly Property which consists of 21 copper, zinc, silver and gold mineral claims near the town of Kitimat, British Columbia. Winrock has a total of 12,004,000 common shares issued and outstanding. For additional information, please visit www.winrockresources.com - www.newnote.com.
Company Contact Information
Paul Dickson, President, CEO & Director
Winrock Resources Inc. / Newnote Networks Inc.
CSE: WR
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
direct: 604-800-6749
fax: 604-685-3833
web: www.winrockresources.com / www.newnote.com
Cautionary note: This report may contain forward-looking statements, particularly those regarding cash flow, capital expenditures and investment plans. Resource estimates, unless specifically noted, are considered speculative. Unless otherwise stated, any and all resource or reserve estimates are historical in nature, and should not be relied upon. By their nature, forward-looking statements involve risk and uncertainties because they relate to events and depend on factors that will or may occur in the future. Actual results may vary depending upon exploration activities, industry production, commodity demand and pricing, currency exchange rates, and, but not limited to, general economic factors. Cautionary Note to US investors: The U.S. Securities and Exchange Commission specifically prohibits the use of certain terms, such as "reserves" unless such figures are based upon actual production or formation tests and can be shown to be economically and legally producible under existing economic and operating conditions.
To view the press release as a PDF, please click on the following link:
http://www.usetdas.com/pr/winrock02192014.pdf