BELIZE CITY, Belize, Jan. 09, 2018 (GLOBE NEWSWIRE) — OsherCoin (http://oshercoin.com/) today announced the launch of the world’s first ‘Plug’N Mine’ personal WiFi enabled cryptocurrency mining machine, OsherPlug. OsherPlug simplifies crypto-mining by providing a hardware device that simply plugs into a regular power outlet and, through the groundbreaking OsherApp, connects to your WiFi device to control and manage mined coins from the cloud directly into your personal crypto wallet. OsherPlug has an impressive hashrate, generating at least 15-25MH/s, plus it draws less than 50 watts of power, allowing users to quickly mine Ethereum and any non-ASIC based coin. Private presale of OsherCoin begins today and public sale begins on February 9, 2018.
“Bitcoin mining has been a mystified and lengthy process, now consuming more than 30 terawatt-hours of power globally,” said Co-Founder and CEO of OsherCoin, David Avital. “With at least 1.65 million computers mining cryptocurrency, many companies have sought to build their own mining rig; but to no avail as current systems prove to be too complex for the average user. OsherCoin is changing that, providing a gateway for the world’s largest virtual mining farm through its easy-to-use plug-in system.”
The OsherCoin system consists of:
- The OsherPlug, a hardware device that enables multiple dynamic modes for easy, optimal mining in real time.
- The OsherApp facilitates setup of the OsherPlug into a WiFi network and in minutes enables the device to connect to OsherPool, which allows users to mine and manage multiple OsherPlugs in various locations around the world from the dApp. The OsherApp shows the entire mining process in real time and enables users to send and receive alerts and notifications.
- OsherCoin is the ERC-20 utility token required to purchase an OsherPlug.
“Our primary focus is taking the guesswork out of crypto mining so anyone, expert or novice, can enjoy OsherCoin’s easy plug-in mining experience,” said Avital. “Our mission is to decentralize the world’s mining into smaller power footprints by sharing contributors’ power outlets to become the world’s largest virtual mining farm.”
OsherCoin is developed by a team of industry veterans including David Avital, CEO of OsherCoin, who previously served as Marvell Semiconducter Technical Marketing Manager, and Dominic Marraco, Non-Executive Chairman of Entrepreneuria and industry titan who bought and transformed the famed Mike Tyson mansion into a creative hub for tech entrepreneurs. Michael Terpin, Founder of CoinAgenda, which is the first conference for Bitcoin investors, is an advisor.
Following the token generation event for OsherCoin, OsherPlugs will begin production and preparation for sale.
For more information about OsherCoin, please visit www.oshercoin.com.
OsherCoin CEO David Avital is available for interview.
OsherCoin is a Belize-based company creating the world’s first ‘PlugNMine’ personal WiFi enabled cryptocurrency mining machine, OsherPlug. OsherPlug is a hardware device that plugs into regular power outlet controlled and managed from the cloud using the OsherApp. OsherApp facilitates setup of the OsherPlug into a WiFi network and in minutes enables the device to connect to OsherPool, which allows multiple users to mine in various locations with auto deposits into a personal crypto wallet. OsherPlug generates at least 15-25MH/s and draws less than 50 watts of power, allowing users to quickly mine Ethereum and any non – ASIC based coin.
For more information, please visit www.oshercoin.com.
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9d538f32-8837-4a74-966d-560637012382