Read the story here. Advertise at Before It's News here.
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Esports Entertainment says ggCircuit to launch crypto mining app gg fuze for gaming PCs

% of readers think this story is Fact. Add your two cents.

Esports Entertainment Group Inc (NASDAQ:GMBL) has announced that ggCircuit is planning to launch ggFuze, a distributed computing platform next month.

The first application of this product will be a beta version of a custom-built crypto mining application offered to a pilot group of LAN (local area network) centers representing tens of thousands of high-end gaming PCs. 

The crypto mining application, originally developed in tandem with Helix Esports and Genji Analytics, enables center owners to utilize idle computing power to passively mine for Ethereum by opting-in with the click of a button. An algorithm will automatically evaluate the given PC’s hardware and optimize the mining of coins, the company said. 

READ: Esports Entertainment inks esports partnership deal with the NFL’s Denver Broncos

“Crypto mining during idle machine time is a request that many of our customers have been asking for and we are excited to be able to offer it as the launch application of our distributed computing product ggFuze,” ggCircuit CEO Zack Johnson said in a statement. “This is a great example of the synergies between ggCircuit, Helix and Genji and I am excited about these companies coming together under the EEG banner.”

ggCircuit is a B2B software company that provides cloud-based management for LAN centers, a tournament platform and integrated wallet/point-of-sale solutions for enterprise customers, the company said.

Helix eSports, for its part, owns five esports centers, including two of the five largest in the US, where they provide esports programming and gaming infrastructure. Esports Entertainment has agreed to acquire ggCircuit and Helix in a combined transaction valued at $43 million, the company said, which it expects to close this quarter.

“As a center owner, I know how valuable it can be to get extra revenue from the idle computing power in our facilities.” Helix eSports cofounder Jack Vandervelde said. “We’re pleased that through ggCircuit’s network, other centers can have access to this solution at the click of a button.”

Contact Andrew Kessel at [email protected]
Follow him on Twitter @andrew_kessel


Story by ProactiveInvestors


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.