QUICKCOIN - Decentralized Digital Mining

- Oktober 27, 2018

Blockchain technology revolutionized the view onconventional fiat currencies as it enables the mining of decentralized digital currencies. The introduction of Bitcoin changed the world and became the gold standard. Although acceptance of cryptocurrencies among the wider public is still proving challenging as some providers are associated with reputational issues.

The basics of mining is that a cryptocurrency miner provides computational power to solve mathematical problems.

Mining involves a piece of equipment operating 24/7/365 under consistent and extremely high load, so failures and breakdowns are quite common with unsupervised operations. Thus, although the topic of cryptocurrencies have been eminent for some time, entering this space is often still complicated for consumers.

MINING ENERGY CONSUMPTION:Key Challenges

1 Cutting-Edge Mining Hardware

2 Secure and Reliable Facilities

3 Ultra-Low-Cost Electricity and Stable Energy Supply

Advantages of Immersion Cooling:

Higher efficiency and energy savings (>90% electricity savings)

• Reduced cooling system design and implementation costs and operational expenses

• Improved performance

• Higher density

• Improved hardware reliability and longevity

• Non-flammable, inherent fire protection

• Works in confined spaces and extreme environments (hot & humid etc).

• Reduced environmental impact

Quick Coin:Coin Specification

X11 Hash Algorithm

X11 is a widely used hashing algorithm created by Evan Duffield. X11’s chained hashing algorithm utilizes a sequence of

eleven scientific hashing algorithms for the proof-of-work. This is so that the processing distribution is fair and coins will be distributed in much the same way Bitcoin’s were originally.

Advantages of X11

The increased complexity and sophistication of the chained algorithm provides enhanced levels of security and less

uncertainty for a digital currency, compared to single-hash PoW solutions that are not protected against security risks like SPOF (Single Point Of Failure). For example, a possible but not probable computing breakthrough that “breaks” the SHA256 hash could jeopardize the entire Bitcoin network until the network shifts through a hard fork to another

cryptographic hash.

The Quick Solution

Cost Efficient:Long-term purchase contracts with established bio gas and energy providers and expects to lower cost of electricity up to 75% compared to the U.S. national average.

Eco-Friendly:Dielectric fluids combined with our two-phase immersion cooling system have a very low global warming potential, does not deplete ozone, are non-toxic and non-flammable.

Profitable:Low power cost, higher power density, low overhead, with QPC Smart mining optimization algorithm, Quick aims to be one of the most profitable mining operations in the industry.

Innovative:Planned thermal management upgrades such as Organic Rankine Cycle system, Quick constantly strives to maintain competitive advantage through technological innovation.

Roadmaps