Verified on Po.et Created with Sketch. Verified on Po.et

Bitmain Explores More Sites for Bitcoin Mining Expansion

by

        Bitmain Explores More Sites for Bitcoin Mining Expansion
Bitmain Explores More Sites for Bitcoin Mining Expansion

Having already expanded its China-based ASIC chip manufacturing into Switzerland and Canada, Bitmain is looking to add a facility to the Pacific Northwest region of the United States.

According to companies-numbers.com, the co-founder of Bitmain, Jihan Wu, is the sole governing person behind Ant Creek LLC, a company in the Port of Walla Walla, Washington, that was registered in June 2017.

In a news article published on March 8, 2018, by the Walla Walla Union-Bulletin, the city is considering a land-use agreement with Ant Creek that would allow the company to lease land starting in 2019 with an option to purchase up to 40 acres.

The report further indicates that the use would be to develop and operate a cryptocurrency mining facility. “Port Executive Director Patrick Reay said his agency has been working with Ant Creek LLC for about six months on the development of a blockchain facility.”

“Our purpose is to generate assessed value and create jobs,” Reay stated. The Ant Creek proposal looks to bring up to 20 jobs and $10 million in private investment to the city.

Some areas are concerned about the power consumption of crypto mining, such as Plattsburgh, New York, where they are considering banning mining, while other areas such as Quebec, Canada, are welcoming it.

Reay said the Port of Walla Walla doesn’t share Plattsburgh’s concern over electricity. “The Port of Walla Walla, as a municipal entity, is not in the electrical business, as we do not sell electrical service,” he told Bitcoin Magazine. “We have two electrical providers in Walla Walla County, Columbia REA and Pacific Power.”

Recommended

Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin

Like the BM1391 chip that came before it, the BM1397 will be powered by 7nm FinFET process, integrating more than a billion transistors and “optimized for maximum efficiency."

Jimmy Aki

BetterHash Protocol Lets Pool Miners Regain Control Over Their Hash Power

Matt Corallo's BetterHash mining protocol is intended to significantly decrease the problems associated with mining pool centralization.

CJ Reichel

Op Ed: Bitcoin Mining Attacks Are Overblown

The question here is whether bitcoin mining is a single point of failure. Could a government or other authority control Bitcoin through controlling a single entity in mining? What would it actually take to “take over”?

Jimmy Song