$GDET Successful Migration to New Cryptocurrency M
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FORT LEE, NJ, May 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GD Entertainment & Technology is excited to announce that the Company has completed its migration to a new cryptocurrency mining pool and is running at full capacity.
Management recently announced that all of its active cryptocurrency mining machines were updated to the latest firmware which features a reduction in hashrate power consumption with better power efficiency as well as upgraded security features. The new mining pool is also fully integrated with major cryptocurrency exchanges, which means the user can seamlessly send and trade the cryptocurrency reward payouts in real time market conditions. With lesser transaction and payout times/restrictions, the flexibility of converting the cryptocurrency can become more favorable.
The $275 billion cryptocurrency market is continuing to experience a serious rally with bitcoin surging another 12% bringing the value to over $8600.
GDET CEO Anil Idnani commented, “I am very proud to announce that my team was able to complete this migration on every one of our machines without any difficulties. We are already experiencing a higher total operating hashrate than the previous mining pool our machines were integrated with. The upgrade in firmware and new mining pool allows the operation to run at full capacity during this crypto rally and I look forward to seeing what new barriers Bitcoin and cryptocurrencies break next.”
GDET shareholders can continue to expect frequent updates as the Company’s objectives proceed over the near term.
About GDET
GD Entertainment & Technology, also known as GDET, focuses on high growth industries to fulfill a diverse selection of premium products nationwide. The company currently manufactures, wholesales, and markets a portfolio of blockchain/financial service-based products. GDET strives to become one of the premier Cryptocurrency mining facilities that is client-focused and dedicated to creating a new standard in the Blockchain space based on security and transparency. GDET has also developed a strong relationship with suppliers worldwide to ensure future purchasing. The company currently has two subsidiaries, DreamCard and HyperDigital Technologies, which both offer a selection of transactional-based products and services. DreamCard allows users to create a customizable debit or credit card using its state of the art online platform. HyperDigital Technologies is the Cryptocurrency ATM sector of GDET and aims to secure multiple MSB, money services business, licenses in order to host ATM units throughout the country.
https://finance.yahoo.com/news/gdet-announces...00474.html
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