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Australian Firms Sign Landmark Blockchain Deal

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Australia’s Hunter Energy has signed a deal with IOT Group that could help resolve the country’s electricity problem. The agreement seeks to build a blockchain center inside the Redbank coal-fired power station. This blockchain center will provide cheap electricity for blockchain applications. Details of the Deal The deal will give Australia direct access to wholesale … Read more

Crypto Miners to Turn Off Rigs during Earth Hour

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Crypto miners have been invited to join this year’s Earth Hour campaign by turning off some of their hardware between 8:30 and 9:30 pm on March 24. The initiative to take part in the WWF’s annual event comes from the Russian crypto community. The “Crypto Hour” organizers hope to focus attention on the need for … Read more

New York Power Companies Can Now Raise Rates for Bitcoin Miners

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The state of New York may be a difficult place to set up a mining venture in the region as lawmakers have ruled that power companies can raise their electricity rates if miners choose to use the state’s hydropower. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals ASIC Boost Compatibility Charging Higher Electricity Rates … Read more

Large Mining Farm Discovered in Abandoned Russian Factory

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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

Europe’s Clocks Are Running Slow and Crypto Mining Is Being Blamed

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From wrecking the environment to making it harder to search for alien life, cryptocurrency mining has been blamed for a multitude of sins. But to cause time itself to slow down is a fresh charge and one which, on the surface, sounds impossible. Something strange is happening in Central Europe right now: clocks are running … Read more

Plattsburgh Officials Want Bitcoin Miners to Vacate the Small Town

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Last week officials from the small town of Plattsburgh New York filed a moratorium request against bitcoin mining operations that currently reside in the town and future mining endeavors. The proposal was issued by the Mayor’s office and cites concerned over electricity use and energy consumption. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals … Read more