We are passionate about crypto, and will share any exciting news about happenings in our company as well as relevant industry news.
We are dedicated to establishing D Coin as an involved member of the Australian and worldwide digital currency community.
The digital currency industry is still a very new, pioneering sector with exceptionally fast growth and change. Our team at D Coin participate closely with legislators and associations to help build a solid foundation for all participants through development and education.
D Coin and its parent company DC Two are pleased to announce, following detailed & successful negotiations with Ben Tan from Hadouken Pty Ltd who will provide the solar power and property, along with the recent award of a part of the Collie Futures Grant, we will be beginning construction of our behind the grid data centre.
Located in Collie, 200km south of Perth, this will be the first dedicated data centre facility in the south west of Western Australia and the first “behind the grid” data centre in Australia powered primarily from renewable energy sources.
Hadouken’s solar farm in Collie was strategically selected as the site for DC Two’s next data centre as it brings together many factors enabling us to provide globally competitive power to our customers whilst adding much needed local demand for base load power for the existing coal mines and power generators in the region.
It is anticipated that both the first stages of the solar farm and the data centre will be online early in 2019 which creates a friendly race in the Australian power and data centre market between the DC Two/Hadouken project and the IOT Group (ASX:IOT)/Hunter Energy project (located in NSW) as to which project will become the first “behind the grid” powered data centre in Australia.
DC Two was one of eight recipients of the Collie futures grant for this project, awarded in September 2018 to local projects to stimulate jobs and the economy of Collie, which is a remote town in Western Australia.
Regional Development Minister Alannah MacTiernan holding one of our crypto mining units and Collie-Preston MLA Mick Murray with the Collie Future Small Grants recipients. Photo: Ashley Bolt - Credit Collie Mail News story Collie Futures grants awarded to local projects.
Key points the data centre will address:
By providing customised low cost hosting options specifically engineered for crypto currency and Bitcoin mining at globally competitive rates, DC Two & D Coin have been able to attract the interest of both the local and international crypto mining community. This is very important for the state and the country as it enables us to provide another export product by hosting and supplying power to international customers in the Collie data centre who might have otherwise located their equipment overseas.
Above: Visual of the containerised modular behind the grid data centre and rack design, which can be used for traditional data centres or cryptocurrency miner hosting.
In complete crypto mining configuration, using the initial 4MW power availability, the data centre could mine about 650 bitcoins per annum worth around $6 million AUD (based on current mining and exchange rates).
For traditional data centre customers where communications are critical, DC Two has been working closely with Optus to provide high speed (10gbps+), high capacity, fully redundant communications options linked from the Collie site back to DC Two’s Perth Data Centre Network (PDCN).
The PDCN can currently be accessed at multiple data centre locations in Perth including; DC Two Osborne Park, Vocus (ASX:VOC) PerthIX and Pier DC with plans to extend access to Equinix’s (NASDAQ:EQIX) Metronode Shenton Park data centre and Next DC (ASX:NXT) P1. This unique DC TWO capability will provide quick and easy low latency connectivity for customers across many data centres in Perth while allowing for shortest path connectivity to Singapore & Asia via Vocus’ upcoming new subsea cable.
DC Two is currently finalising its fund and capital raising activities for the project whilst engaging with seed and cornerstone hosting customers to enable the project to proceed on time to completion.
For further information or enquiries:
For any media enquiries, please contact Rebecca Thomas on +61 (8) 6141 1011 ext 820.
Related stories about this via other media outlets;
Wednesday, 11th April 2018
Perth based crypto start up D Coin has been registered to provide Digital Currency Exchange services by AUSTRAC, pursuant to subsection 76E(2) of the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017 (AML/CTF Act Amendment Act 2017) - www.austrac.gov.au/digital-currency-exchange-providers
Commenting on the state of regulation in Australia D Coin Co-Founder & General Manager Michael Whitehorn said “Our industry is working closely with regulators to ensure we are advocating and providing input to help define legislation, thus making it appropriate and fit for purpose when it arrives. Through our membership of the Australian Digital Commerce Association (www.adca.asn.au) this type of engagement also extends to banking and other commercial and compliance related relationships. The overall goal here being to fully legitimize the cryptocurrency industry enabling further adoption and importantly protection to all participants”
D Coin is a unique vertically integrated cryptocurrency business offering a range of services including Digital Currency Exchange, Digital Currency Trading, Digital Currency Mining Solutions and Blockchain Asset Management tools development.
Wednesday, 28th March 2018
We received a delivery of our new fleet of cryptocurrency miners. They are now running in our state of the art data centre here in Perth, generating coins for our customers. This allows us to still build your coin holdings, regardless of whether the market is up or down.
Saturday, 24th March 2018
Our GM, Michael Whitehorn presents at the Perth investor luncheon. Hosted by Wholesale Investor, it was an event where various new companies showcased their exciting new opportunities to interested investors and organisations.
Thursday, 22nd February 2018
Emergence is Australasia's premier investment conference exploring the latest investment trends, opportunities and challenges in the venture capital and private equity space. There was a great turnout fo D Coin's presentation at this years conference. Lots of other great speakers, sharing lots of knowledge and experience about cryptocurrency now and in the future. Meeting some awesome new friends!