Esports Entertainment says ggCircuit to launch crypto mining app gg fuze for gaming PCs
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
Source: http://www.proactiveinvestors.com/companies/news/946736/esports-entertainment-says-ggcircuit-to-launch-crypto-mining-app-gg-fuze-for-gaming-pcs-946736.html
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.
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.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
