LAS VEGAS, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Envoy Group Corp. (OTC Markets:ENVV) (the "Company" or "Envoy"), a digital currency and Blockchain technology company, announced today an update regarding a new engine for the management of its crypto-mining infrastructure.
Envoy's division BitReturn, is presently engaged in developing powerful Blockchain applications and highly profitable digital currency mining operations in British Columbia, Canada.
The new operating system increases efficiency by allowing all mining hardware to be centrally managed and monitored which drastically decreases labor requirements and improves overall scalability. Instead of technicians being required to maintain the operations of each individual miner, the new secure central system can allow a single technician to oversee the direct operation of thousands of mining rigs.
The system is also managing moment to moment adjustments on which cryptocurrency the equipment is currently mining based on market conditions and the optimal hardware pairing. The current market trends of ZEC, LBRY, Sia, Ethereum, Decred, Monero, Dash, Vertcoin, Neoscrypt and Pascal are monitored and the most profitable coins are instantly paired to the most efficient hardware within BitReturn's stock of purpose-built AMD and NVidia-based crypto-mining equipment.
"BitReturn can now expand seamlessly to multiple sites without having to establish a large Network Operations Center and intensive labor requirements in each new facility. Also, the new management engine will increase uptime, profitability and overall efficiency by the reduction in human error alone." states Matt deFouw, the President of BitReturn.
About Envoy Group, Corp.
Envoy Group, Corp. (OTC Markets:ENVV) is a digital currency and Blockchain technology company. BitReturn, a division of the Envoy Group Corp, has first targeted a high positive cash flow method of Mining of Digital Currencies that has been de-risked by employing the most effective Graphic Processor (GPU) technology and BitReturn's secure Tier3 (T3) facility in Kamloops, B.C. Hundreds of 7 to 13 GPU arrays will be working 24/7 within the climate controlled facility. Mining of Digital Currencies will be constantly directed to which currencies provide maximized profitability. New digital coins drop into the world every 10 minutes and BitReturn will be there to catch them. Block Chain is an incorruptible publically distributed digital ledger that allows for transparent and secure validation of online information.
For more information, please visit: http://bitreturn.com.
Safe Harbor Statements
Certain information contained in this news release constitutes "forward-looking statements" as such term is used in applicable United States and Canadian laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates", "intends" or "believes", or that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur", or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made, and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. Many of these factors are beyond the Company's ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company's filings with the SEC. Such risks and other factors include, the availability of financing on acceptable terms, accidents, labor disputes, acts of God and other risks of the digital currency market, without limitation, delays in obtaining governmental approvals or permits, title disputes or claims limitations on insurance coverage. The Company believes that the expectations reflected in the forward-looking statements included in this news release are reasonable; however, no assurance can be given that these expectations will prove to be correct, and such forward-looking statements should not be unduly relied upon. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise.
Investor Relations: Hayden IR (917) 658-7878 hart@haydenir.com Company Contact: Louis Silver Tel: 1-610-710-1303 • Email: louis.silver@bitreturn.caSource: ENVOY GROUP CORPRead More Envoy Rolls Out Centralized Management of Crypto Mining : http://ift.tt/2urB8cp
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