Japanese crypto mining company, Speed Mining, announced earlier today that they will be listing their SMS Coin on exchanges around the world. Their key areas of focus being UK, rest of Asia and Latin America. They plan to do so by pairing BTC, ETH, and others in exchanges located in UK, Argentina, and Hong Kong, starting December 1st.
The company was best known for setting up a power-hungry mining station in Japan, and optimised costs and environmental damage by setting it up in one of the country’s coldest regions. A representative from Speed Mining said, “Speed Mining group’s Blockchain Specialists build the most profitable portfolio of mining machines in an optimum mining environment, Asahikawa, Hokkaido, which is the coldest area of Japan. We plan to build another center in Myanmar in future for the cheaper electricity.”
The company intends to take it one step ahead, by getting into the chip manufacturing business too. “We have succeeded in constructing an optimal mining environment composing of a mining machine portfolio by blockchain specialists and others. In the future, we plan to research and develop our own mining chips.”
Speed mining is currently running an ICO for their SMS Coin. It is presently in the pre-sale phase. A representative said – “You can purchase tokens (SMSCOIN, SMS) by joining VCC (Virtual Currency Club) operated by our company. The token holder can acquire the virtual currency mined by the mining center every month. In addition, it is possible to sell tokens between VCC members. Trading of tokens can be done with virtual currency trading system “mExchange” under development by AI Innovation Japan Ltd., a business partner.”
“For those who participated during the pre-ICO period, the membership fee will be free. A maximum of 30% token bonus will be awarded,” added the representative.
Check out SMS Coin
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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