Crypto Miner TMGcore Adds Sun Microsystems Co-Founder Scott McNealy As Advisorbr>
TMGcore, an enterprise-scale cryptocurrency mining operation based in Texas, has added Scott McNealy as an advisor. McNealy co-founded Sun Microsystem in 1982.
“Blockchain infrastructure is becoming essential to power our systems into the next decade,” said McNealy. “TMGcore is developing one of the most energy-efficient mining rigs, utilizing cutting edge technology and innovative mining boards to dramatically decrease cooling costs and increase token outputs. As cryptocurrency transactions become more prevalent in our daily lives, these consensus-solving systems will underlie our economies for years to come. I look forward to bringing my four decades of entrepreneurial expertise to this important venture and developing new applications for the technology TMGcore has already built.”
McNealy co-founded Sun Microsystems and served as its CEO for 22 years leading the company through countless innovations and developments. During his years at the helm, McNealy grew Sun from a Silicon Valley start-up to a leading provider of network computing infrastructure with thousands of employees worldwide. Following his time at Sun, he also co-founded Wayin, a social intelligence and visualization company based in Denver. McNealy stepped down from his position as CEO of Wayin in 2016 and is now advising companies with transformative ideas.
“We are lucky to have Scott McNealy join TMGcore as an advisor to my office,” said CEO JD Enright. “Scott brings a wealth of industry knowledge and is no stranger to guiding companies through periods of innovation and change. The crypto and blockchain world is going through a period of tremendous evolution and experienced leaders working together will help establish the usefulness of the technology we develop. I’m excited to collaborate with Scott and showcase how our efficient immersion cooling systems can work in use cases beyond mining.”
The company uses fluorochemical coolants to deliver sustainable cooling for industrial technology operations. TMGcore will be one of the first companies to utilize these compounds at the heart of an enterprise scale cryptocurrency mining apparatus.
The company’s intelligent mining technology uses a 2 Phase Liquid Cooling Immersion technology to dramatically decrease cooling costs by up to 90%. The system also dynamically adapts its mining efforts toward the most profitable token at any given time, factoring in real time market price, difficulty of access and hashrate. TMGcore has also developed custom made ASIC mining boards that result in a 200% increase in token output.
The operation is being built in 150,000 square foot custom facility called LEGACY1 which is expected to open this month.