Kind of thing has real marketing potential. Addition to its millions of members, Toronto startup Keek, a video sharing site that lets people upload and share 36 second clips, also has several celebrity users on board, including Kim Kardashian, who has nearly 1.4 million followers. The company is adding more than 250,000 new users daily, with five million plus videos posted to the network every month.Isaac Raichyk, chief executive of Keek, said that 22% of all videos watched are celebrity content, and that the company hasn made an effort to reach out to stars, it happened organically.”We are seeing tons of new celebrities joining daily because Keek is a powerful new way to stay connected, he said, adding that celebrities such as American Idol runner up Adam Lambert are now Keek users.
CALGARY With natural gas prices expected to remain stubbornly low, one Alberta producer has come up with a novel way to boost its bottom line: using its gas stream to power computer servers that will mine potentially lucrative cryptocurrencies such as Bitcoin.Iron Bridge Resources Ltd. Announced it would form a new subsidiary called Iron Bridge Technology in an attempt to join the cryptocurrency and blockchain craze but also to arbitrage the difference between the value of Bitcoin, currently valued at US$11,188 per coin, and AECO gas, currently valued at $1.98 per thousand cubic feet.was driving me insane to be handing off from pretty much October onwards our gas for next to nothing, Iron Bridge CEO Rob Colcleugh said.Blockchain frenzy fuelling company name changes, new coins, reverse takeovers and soaring stock pricesBig changes coming as bitcoin futures trading, ETFs launchAECO gas is worth $1.43 per thousand cubic feet on a 12 month futures contract and Colcleugh said the company, at times, pays up to $1.30 per mcf in processing and transportation fees, which eliminates most of his natural gas earnings.As a result, Colcleugh plans to burn that gas and produce electricity and use that electricity to power computer hardware mining cryptocurrency tokens.Assuming that 215 kilowatt hours of electricity are needed to produce one Bitcoin, GMP FirstEnergy vice chairman and co head of energy sales and trading Trent Boehm estimated in a note sent to clients this week that Iron Bridge could earn US$49 per mcf for its gas.That more than 30 times the price Iron Bridge currently receives for its gas, assuming current AECO and Bitcoin prices.far as I concerned, every dry gas producer in the industry should get a lift on this news, because boards of directors are going to wonder why companies couldn dedicate a portion of their production to this, Boehm said.For his part, Colcleugh said that even if the price of Bitcoin or other cryptocurrencies do collapse, the venture would still be worthwhile given how low AECO prices have fallen.economics are very variable based on the coins but the numbers suggest there an awful lot of room in here for prices to collapse and still have vastly better returns even after paying for the equipment than selling your gas at AECO, Colcleugh said.He said Iron Bridge did have an advantage because it was producing electricity anyway, and could scale up its electricity generation to power a 45 MW facility.But oil and gas analysts following the company, which also produces oil and natural gas liquids like pentane, were largely unimpressed.we do not see how (Iron Bridge) could have any advantage here, Raymond James analyst Kurt Molnar wrote in a note. Plentiful gas in cold locations is the key to crypto mining success in exploration and production in Canada, then we believe there will be other parts of the basin (with producers with far more financial means) that will likely dominate such efforts.