Alix Announces Initial Bitcoin Mining Exploration Transaction / Implementation of Bitcoin Exchange

Alix Announces Initial Bitcoin Mining Exploration Transaction / Implementation of Bitcoin Exchange

ALIX RESOURCES CORP. ("Alix" or the "Company") (TSX VENTURE:AIX)(FRANKFURT:37N) (ARXRF-US CLEARING SYMBOL) is pleased to announce that it has entered into an innovative and creative service plan with Ridge Resources Ltd. for upcoming exploratory work on its Windy Property located 15 kilometers north of Cassiar, British Columbia (see news release, November 7, 2013). Pursuant to the plan, Alix will pay Ridge for its services in bitcoins on an ongoing basis and will continue to explore this avenue for funding future endeavours with other service providers.

To explore this model of payment more fully with its other service providers, Alix has also entered into an agreement with a private software vendor to license a Bitcoin exchange to be administered by Alix. Management anticipates that the exchange will be launched in early January 2014.

President and CEO Michael England states,

"The growth of popularity in the bitcoin space as an alternate method of payment has led Alix to step into this very exciting market. This transaction is the first of its kind within the Canadian junior mining sector and positions Alix as a participant at an early stage in the global Bitcoin marketplace."

About Bitcoin

Bitcoin is a distributed, peer-to-peer digital currency that functions without the intermediation of any central authority. Bitcoin payment processing fees are substantially lower than those of credit cards or money transfers, and while the exchange rate is highly volatile, on average bitcoins have appreciated rapidly in relation to other currencies. Notable recent events include:

  • Bitcoin market cap at an all time high
  • Bitcoin price broke 52-week highs in recent weeks
  • World's first bitcoin ATM recently unveiled in Vancouver, BC

For more information regarding bitcoin please visit http://www.Bitcoin.org/

ON BEHALF OF THE BOARD

Michael England, President

Forward-Looking Statement
Some statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Alix Resources Corp. Actual results may differ materially from those currently anticipated in such statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Related News

Canadian mining company pays wages in bitcoin and plans new cryptocurrency exchange

Mining company Alix Resources has decided to start paying contractors with bitcoin for services in Canada. The company plans to pay a contractor called Ridge Resources Ltd in bitcoins for exploratory services. "The growth of popularity in the bitcoin space as an alternate method of payment has led Alix to step into this very exciting market. This transaction is the first of its kind within the Canadian junior mining sector and positions Alix as a participant at an early stage in the global bitcoin marketplace," said Alix Resources CEO Michael England. Canada's government has taken a....

Bitfury Announces Support for Bitcoin Classic & 2MB Block Size

Leading Bitcoin Blockchain infrastructure provider and transaction processing company BitFury has announced their support for 2 megabyte block size increase with Bitcoin Classic. As the world’s largest mining pools, companies, and experts are beginning to strongly engage in the implementation of Bitcoin Classic, the community predicts the majority of miners to support the 2 megabyte proposal in the upcoming weeks. “BitFuryGroup – the largest private miner and security provider is ready to move forward and support 2MB increase with Bitcoin Classic,” announced BitFury Group co-founder and....

Bitcoin Commodity Exchange CEX.io Imposes Trading Fee, Prepares for USD

The CEX.io bitcoin commodity exchange is to introduce a trading fee within the next two weeks. The fee will be introduced in two stages: initially a fixed commission of 0.2%, which will be dropped in favour of a flexible fee of 0.2-0.5% after an initial period. The company says its fee implementation is aligned with its wider monetisation strategy, which will include the introduction of new trading pairs, including BTC/USD and USD/GHS. New scrypt mining services are on the way too. The first step, the introduction of a 0.2% fixed commission, will apply to all buy/sell transactions and will....

Coinbase Announces NFT Marketplace

Look out OpenSea, Coinbase is the latest exchange to break into NFTs. Today, the powerhouse crypto exchange announced an initial waitlist for an upcoming NFT marketplace. The platform, deemed ‘Coinbase NFT,’ will be offering users the ability to mint, purchase, and show off their NFT collection. The move signals an initial step to what company […]

Max Keiser's Maxcoin Launching Wednesday: How to Mine it Free with Windows Azure

As those who caught the 555th episode of his show on RT will know, Max Keiser is about to launch a new altcoin. The official launch of Maxcoin will be this Wednesay (the 5th) at 19:30 GMT. Technical Details. Maxcoin will employ SHA-3 hashing, known as Keccak (“ketch-ack”). As no GPU mining software and certainly no ASIC hardware is currently configured for SHA-3, MAX will hit the scene as a CPU-minable coin. If MAX is successful, it probably won’t take long for someone to figure out the implementation of GPU mining. Difficulty retargeting via Kimoto Gravity Well will limit pool-hopping and....