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US – EEG unveils crypto mining application for LAN centres

By - 15 April 2021

Esports Entertainment Group has announced that ggCircuit is planning to launch its newest product, ggFuze, a distributed computing platform, next month.

The first application of the product will be a beta version of a custom-built crypto mining application which will be offered to a pilot group of LAN centres representing tens of thousands of high-end gaming PCs across its network.

Originally developed in tandem with Helix Esports and Genji Analytics, the crypto mining application enables centre owners to utilise idle computing power to passively mine for Ethereum by opting into the initiative with the click of a button.

The software algorithm will automatically evaluate the hardware of the gaming PC and optimise the mining of coins so long as certain price parameters are met and the PC is not in use for gaming.

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

Helix eSports owns five esports centers, including two of the five largest centres in the US, where they deliver customer service, esports programming and gaming infrastructure. Esports Entertainment Group agreed to acquire ggCircuit and Helix in a combined transaction valued at $43m expected to close this quarter.

“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,” said Zack Johnson, CEO of ggCircuit.

“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.”

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

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