A Collaboration to Create a Cryptocurrency Mining Business Globally
With past negative issues regarding Japan and other countries’ high rate of electric power, it was believed that cryptocurrency mining should be done outside mentioned countries where it is cheaper. However, an opportunity entered Japan and made mining possible through partnership among Tech Bureau, Looop and Crypto Mining Japan.
Looop on stable cheap power
An advantage for Looop is its know-how ability in the solar power generation to obtain residual power at the lower rates compared to the average market value then supply it to this new mining business.
Crypto Mining Japan (CMJ) on proprietary mining environment
CMJ contributes its proprietary mining container that has high mobility, plug-and-play ease of use, and mining efficiency that also provides cloud mining services and mining pool. Looop’s solar power generation facility will help CMJ’s mining container to increase thermal insulation, expand power generation, and maximize mining efficiency on a square meter basis.
Tech Bureau on Liquidity
Tech Bureau, who operates Zaif, a cryptocurrency exchange, will provide cryptocurrency settlement technology to the CMJ mining service. Zaif provides a liquidation service in which CMJ sells cryptocurrency mined by its machines. Supposing there will be a sudden decrease of a cryptocurrency price, users can avail Zaif derivative in order to avoid possibility of greater risk.
ICO Plans on Looop and CMJ
In order for Looop to expand its power generation and mining business, it is planning to hold its ICO from December 2017 to February 2018 (details to follow). On the other hand, CMJ aims to hold its ICO from December 2017 to January 2018 to be able to build fund for its mining container development, pool service launch and meet its goal to have global reach.
About Looop Inc.
Soichro Nakamura (CEO) and Shinzo Fukaya (Director) established Looop in March 2011 and was later on introduced in April 2011, after the Great East Japan Earthquake hit areas in Japan and played a great role in providing power equipment and installation at no cost. It has also launched “MY Solar power generation kit 12” and sold more than 2, 000 in Japan. “Looop Denki” was also launched in the PPS (Power Producers and Suppliers) sector that currently supplies electric power to more than 60, 000 homes.
Overall, Looop aims to make renewable energy the standard of electricity generation and create brighter future for human being.
For more information, click here.
About Crypto Mining Japan
CMJ envisions itself to becoming a mining solutions company that caters world-class efficiency from Japan. It plans to launch a mining pool and a cloud mining services following its proprietary container specialized for mining.
For more information, click here.
About Tech Bureau Group
Tech Bureau is a fintech and cryptocurrency group company in Japan, US and Europe. This company develops software and services for blockchain technology, hence the birth of mijin, a private blockchain software, and Zaif, a Bitcoin and cryptocurrency exchange platform.
It recently introduced “COMSA”, a one-stop solution that provides consultation, expertise and solutions to companies through supporting its own ICOs and implementing blockchain technology to business.
For more information, please see the following URLs:
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