Tagged: mining

September 6, 2018 @ 3:16 pm By Cali Haan  |  

The CEO of Bitfury, the second-largest crypto mining and hardware company in the world, told Bloomberg that it is, “still profitable and…bullish on Bitcoin in the long-term,” in part thanks to a high-tech  liquid-cooling system installed at its Georgian crypto mine. Bitfury recently re-acquired its… Read More

September 3, 2018 @ 10:56 pm By Cali Haan  |  

Public Utility Commissioners in the Grant County district of central Washington State have unanimously approved a, “three-year, graduated increase to a new, above-cost electric rate designed to protect Grant PUD (Public Utility District) from risk and preserve below-cost rates for core customers.” The new “Rate 17… Read More

August 29, 2018 @ 11:37 am By JD Alois  |  

Coinmint, an operator of a very large cryptocurrency mining center, has commenced a security token offering (STO) in partnership with Securitize. According to Coinmint, each token issued will be worth one Terahash (TH) of Bitcoin mining power. Investors (accredited) may expect to receive daily payouts… Read More

August 27, 2018 @ 10:39 pm By Cali Haan  |  

“Diversified holding company” DPW has announced it will be reactivating a hydro dam in Valatie Falls, New York, “to serve as a fully-dedicated source of low-cost, renewable power for a new co-located cryptocurrency mining farm…” The “historic 1-megawatt Valatie Falls dam” has been retrofitted to… Read More

August 27, 2018 @ 1:30 pm By Samantha Hurst  |  

Elastos (ELA), a China-based blockchain-powered Internet infrastructure, announced on Monday it has formed a merged mining partnership with Bitmain Technologies, a consumer-grade ASIC miner. Elastos called the new collaboration monumental for both miners and future users of the platform, as it guarantees the security of… Read More

August 25, 2018 @ 3:05 pm By Cali Haan  |  

Following invitations issued by local politicians last fall, the regional government of Leningrad in northwestern Russia has now announced the opening of the country’s, “largest data processing centre…designed to extract digital currency,” Bitcoin News reports. The 4000 square metre “crypto mine” and its 3000 machines… Read More

August 23, 2018 @ 1:58 pm By Cali Haan  |  

A Norwegian crypto mine that endured a bomb threat earlier this month is now being imperiled by a raft of noise complaints, The Local Norway reports. Noise from fans used to cool Kryptovault’s extensive cryptocurrency mining facility in Hønefoss, north of Oslo, is reportedly seriously… Read More

August 19, 2018 @ 12:27 pm By Cali Haan  |  

The operators of two crypto-mining facilities in rural Norway received a rather stern noise complaint last week in the form of a bomb threat, Vaksdalposten reports. According to a loose translation, Norwegian firm Krytpovault say the threatening note came in after the company’s operations in… Read More

August 16, 2018 @ 11:42 pm By Cali Haan  |  

Researchers at Germany’s top technical university in Aachen have conducted what they claim is the, “first in-depth study of the prevalence and economics of browser-based mining as a new web business model,” and have found that mining crypto on website visitors’ browsers could prove a profitable… Read More

August 16, 2018 @ 4:54 pm By Cali Haan  |  

IT directors at 750 companies with 250 or more employees in the UK are reporting a steady increase in attempted “crypto-jacking” attacks on enterprise computer systems, with 30% of all companies reporting attacks in May, the month the survey was conducted. The findings were determined… Read More

August 12, 2018 @ 8:48 pm By Cali Haan  |  

The Common Council of Salamanca, a small town south of Buffalo, New York, voted unanimously this week to impose a moratorium on cryptocurrency mining in the city’s “electric service area.” According to The Salamanca Press, the moratorium will, “temporarily stop applications or proceedings, or the issuance… Read More

August 10, 2018 @ 7:43 am By Cali Haan  |  

Australian solar energy provider Hadouken Pty has agreed to power what may become “Australia’s first behind the grid” solar-energy data and crypto-mining centre, IT Brief reports. The new centre will be located in the town of Collie, located in the Southwestern most tip of Australia, and will be… Read More

August 6, 2018 @ 10:24 pm By Cali Haan  |  

Investors alleging that the CEO of Sky Mining, Le Minh Tam, defrauded them of $36 million dollars are continuing their fight for restitution, this time in the form of a petition at Change.org. The petition lists Tam’s passport number and claims he solicited contributions of… Read More

August 6, 2018 @ 12:13 pm By Cali Haan  |  

Bitmain, the world’s largest manufacturer of crypto mining equipment and its biggest producer of bitcoins has announced the launch of a $500-million data centre in Rockdale, Texas. The company says it will deploy the sum over 7 years and will create 400 local jobs in the… Read More

August 4, 2018 @ 9:59 am By Cali Haan  |  

Josh Metnick, the CEO of Random Crypto, a company offering a new tool for calculating the profitability of crypto mining, says that similar calculators are failing to show the truth about mining proof-of-work cryptocoins like Bitcoin: that doing so is usually only profitable for very… Read More

July 30, 2018 @ 1:09 pm By JD Alois  |  

Bitmain, a China based hardware and tech firm that produces some of the most popular mining servers in the cryptocurrency world, is said to be planning an initial public offering (IPO).  According to a report in Fortune, Bitmain is prepping to issue shares at a… Read More

July 26, 2018 @ 1:40 pm By Cali Haan  |  

Hydro Quebec is more interested in supporting blockchain activities by blue chip companies in the province than it is in rolling out a red carpet for crypto miners, La Presse reports. Internal documents obtained in a freedom of information request show that Hydro Quebec is waiting… Read More

July 23, 2018 @ 9:42 pm By Cali Haan  |  

The Province of Quebec’s energy regulator, Régie de l’énergie will continue to allow Hydro Quebec to charge cryptocurrency mining companies double the standard electricity rate until the province finalizes how to regulate the new industry, The Montreal Gazette reports. Hearings to regulate the new sector are scheduled… Read More

July 19, 2018 @ 10:20 pm By Cali Haan  |  

Online publication Vietnam News is reporting that the Government of Vietnam has moved one step closer towards banning crypto mining machine imports in the country. The move comes after the State Bank of Vietnam (SBV) agreed to support a proposal from the Vietnamese Ministry of… Read More

July 19, 2018 @ 8:19 pm By Cali Haan  |  

Torrential rains in the mountainous Chinese province of Sichuan during late June caused loss of life, landslides, crop damage, the forced relocation of 9000 people, and at least 193 million yuan ($30 million) in economic losses. Global technicians also noticed a 30% concurrent drop in… Read More