World Mahjong to buy digital currency mining assets, coins, masternodes

Posted by admin on January 20, 2018  /   Posted in News

Vancouver, British Columbia, Canada-based publicly traded company World Mahjong Limited announced in a press release CoinReport received that it has entered into a definitive asset acquisition arrangement to purchase particular digital currency mining assets and specific cryptocurrency assets from Costa Rica-based leading digital currency mining and community knowledge network Avalon Life S.A.

The assets consist of a total of 27,386 ASIC mining machines, and seventy-eight masternodes of cryptocurrency dash, along with fewer masternodes of other digital currencies, and an inventory of pura, vivo and dash digital currencies. The cryptocurrencies being purchased were valued at about 109,745,619 Canadian dollars as of December 31, 2017. The replacement cost of all mining machines, together with all supplementary equipment needed to run and operate the digital currency mining machines as presently configured at their data centers, was valued at about 35,000,000 Canadian dollars.

Thanks to the acquisition, World Mahjong should be able to begin making profits at once via digital currency mining and by earning digital currency block rewards through masternodes within each cryptocurrency’s reward program, says the press release we received. Dash masternodes run a dash wallet and make decisions like coordinating mixing of coins, locking transactions with InstantSend and voting on budget funding. They are needed to have 1000 dash as collateral, a dedicated IP address and run 24 hours a day without over a one-hour connection loss. The masternodes are paid 45% of the block reward on each block, which is distributed to them one at a time. Normally, each masternode gets paid two dash every seven days.

World Mahjong also says in the release, however, that it cannot offer any surety about the future success of mining operations in any cryptocurrencies after the completion of the transaction, nor can it assure the profitability of such operations.

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