WRIT Media Group (WRIT) Adds Pelecoin Cryptocurrency Mining Rigs to System

Steve Kanaval  |

WRIT Media Group, Inc. (WRIT) announced today that it will add over 450 new PMiner cryptocurrency mining rigs to its Pelecoin system during the first quarter of 2018. These additional mining rigs will represent an increase of over 250% to the current volume of Pelecoin ("PLCN") mining that occurred in 2017.

"With the rapidly increasing popularity and acceptance of cryptocurrencies across the globe, cryptocurrency mining has emerged as a promising revenue generating alternative for many individuals. As the difficulties in bitcoin mining have continually increased over the last few years, individuals are embracing new cryptocurrencies that offer a better return on their investment in cryptocurrency mining equipment," noted Eric Mitchell, WRIT Media Group CEO.

Pelecoin provides an easy-to-use, downloadable software platform that enables the simultaneous "mining" of a basket of up to fifty crypto-currencies, combined with a trading algorithm that liquidates the most profitable coins and/or trades between them to make the basket more valuable. Mining with the Pelecoin System optimizes cryptocurrency mining by providing diversification, hedging, and liquidity, in real time.

Users can look for a series of new features in 2018, including additional security features, currency trading, smart contracts and other business tools which will provide a scalable ecosystem that can handle real-world commercial use.

Pelecoin is now available to the public by registering for a free Pelecoin account and by downloading the Pelecoin miner in order to begin mining. For additional information and to register follow the link www.Pelecoin.com

About WRIT Media Group

WRIT Media Group, Inc. (WRIT

Subscribe to get our Daily Fix delivered to your inbox 5 days a week

) is a diversified media and software company whose operations include digital currency software development, including trading platforms and Blockchain solutions, content production and distribution; and video game distribution via mobile platforms.

Cautionary Note Regarding Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those predicted by such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including, but not limited to, those discussed in WRIT Media Group's latest 10-K filed July 14, 2017. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Pelecoin, CrypFXPro and their related trademarks and names are the property of WRIT Media Group, Inc. and are registered and/or used in the U.S. and countries around the world. All rights reserved. All other trademarks belong to their respective owners.

Learn more about Pelecoin here

View original content:http://www.prnewswire.com/news-releases/writ-media-group-inc-adds-pelecoin-cryptocurrency-mining-rigs-to-system-300577657.html

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.

Trending Articles

Badger Meter Beats Q4 Estimates, Posts Record Revenue
Algoma Steel Upgrades Power Plant in Transition to Green Steelmaking
Insulet Gets FDA Clearance for Omnipod 5 Automated Insulin Delivery System
Russell 2000 Enters Bear Market Territory for First Time in Nearly Two Years
TG Therapeutics Tumbles 40% on Partial Clinical Trial Hold
Huawei Says Carrier Business Stable as Revenues Decline: Jeff Kagan
Time To Reconsider Galapagos as New CEO Paul Stoffels Named
Global Politics Could Drive Extreme Market Volatility in 2022

Market Movers

Sponsored Financial Content