Online gambling entrepreneur and billionaire Calvin Ayre has announced his next business venture to be cryptocurrency mining operations. According to Ayre the mining facility will dedicate its hashpower to the bitcoin cash blockchain only.
A Mining Facility Dedicated to Bitcoin Cash Only
The Antiguan businessman Calvin Ayre is well known for founding the Bodog entertainment brand and gaming platforms. Ayre is also known for his passion for cryptocurrencies particularly bitcoin cash (BCH) and was recently appointed the Antigua and Barbuda region’s Economic Envoy for Technology Development. “Mr. Ayre will advise the Government on the effective implementation of new technological developments in cryptocurrency and Bitcoin,” explained the government’s Director-General of Communications.
On January 10, Ayre has revealed he has dedicated significant amounts of his investment funds towards creating a bitcoin cash mining operation. The entrepreneur explains he’s purchased both hardware and software in order to help build the BCH hashrate. Ayre believes bitcoin cash is the “one true bitcoin” and his mining facility will only mine BCH.
The Mining Operation is the First Among Many Announcements This Year That Will Focus on Bitcoin Cash
According to Ayre, the new venture will have the same name as the recent media outlet he just purchased, Coingeek.com. Coingeek will focus its efforts on both the news surrounding BCH, securing the currency with hashrate, and the firm is also launching an e-commerce website. Coingeek’s commerce operation will focus on bictoin cash-based commerce and will be named “Bcomm.” Bitcoin cash is the only technology positioned for this function,” the Antiguan explains.
“This is the first step in a whole host of activity in the BCH space that we are rolling out this year — For instance, we are also embarking on a full merchant adoption marketing program,” Ayre details during the announcement.
This will help educate not only those who have already embraced the now-dysfunctional, legacy Segwit Coin but also those who are thinking of taking the plunge for the first time; that BCH is the only option for low-fee micro-payments. This will include the industry’s first Bcomm merchant adoption conference in Hong Kong, May 18th at the Four Seasons.
The new Coingeek operated mining facility will join the eight known mining pools dedicating hashpower to the BCH chain. This includes pools such as Antpool, Viabtc, Bitcoin.com, BTC.top, 58coin, BTC.com, Hashbx, and Bitclub. At the moment there is 2 exahash worth of hashpower pointed at the BCH chain and it’s 1.5 percent more profitable to mine. Ayre and Coingeek hopes to bolster the hashrate even more with its new mining facility.
What do you think about Calvin Ayre starting his own mining operation dedicated to BCH? Let us know in the comments below.
Images via Shutterstock, and Calvin Ayre.