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A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment. Also read: Bitmain Opens Repair Center … Read more
Traditional stock investors have just gotten another avenue for indirect exposure to the bitcoin market. A Nasdaq exchange listed former patent management company, Marathon, has changed its focus to ASIC mining and today started producing bitcoin. Also Read: Silicon Valley VCs Help Crypto Hedge Fund Reach Quarter Billion Target Marathon Mining Marathon Patent Group, Inc. … Read more
What do you do with excess Bitcoin mining heat? Grow 5 acres of ‘cryptomatoes’ and start a business. #NEWS Go to Source Powered by WPeMatico
Over the past couple of years, there’s been a lot of discussions concerning the energy consumed by cryptocurrency mining. However, more recently mining operations have been using environmentally friendly methods and some of them are channeling the excess heat to do produce other goals. This week the co-founder of the trading platform Nakamoto X, Kamil … Read more
Chinese mining hardware giant Bitmain is reputedly developing facilities in the United States. #NEWS Go to Source Powered by WPeMatico
According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’ Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee Is Bitmain Quietly Constructing a Large Mining Facility in Washington State? The mining company and device manufacturer Bitmain … Read more
Québec, Canada has recently been thought to be a bitcoin mining boom town, as more data centers set up there to take advantage of relatively cold climes and low cost electricity. Not everyone is happy about it, especially the local government who fail to see why decentralized, invisible, magic internet money is worth anything at … Read more
Canada seems to have become the hottest destination for bitcoin miners from all over the world thanks to a combination of cheap renewable hydroelectric energy and hospitable cold weather. One miner, Bitfarms, is set to raise a small fortune to solidify its position in the region and better face the heated competition. Also Read: Goldmoney … Read more
Even though mining cryptocurrency through internet browsers is somewhat of a controversial practice, some companies are trying to turn it into a legitimate business. CryptoTab is one such project. There are some concerns over what this project has to offer, though, as it seemingly requires users to refer people before getting paid. CryptoTab is Intriguing yet Worrisome … Read more
Local police in Iceland are describing it as the largest theft of its kind, if not ever, for the country. Hundreds of bitcoin mining computers were stolen from data centers, and there is worry the missing equipment could be used rather than sold, providing a tidy profit for what authorities are insisting is “highly organized … Read more
