hydropower

The site furthers the company’s goals of providing mining hosting services to a retail audience using sustainable power sources.

A group of Bitcoiners traveled to the Central African Republic to meet with the country’s president and discuss pathways for bitcoin adoption.

The bitcoin miner acquired its first property on American soil in a bid to reduce operating costs and increase margins.

The two farms are expected to accommodate 21,000 bitcoin mining rigs and generate over 2 EH/s.

Where, why and how bitcoin mining operations are emerging.

Chinese regulators in Inner Mongolia have issued a notice calling for a stop to bitcoin mining operations in the region.

Although China has shut down bitcoin trading platforms, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, especially along the Dadu River, where there is plenty of hydropower.

A number of provincial governments are offering lower rates to attract bitcoin miners and Labrador’s government is considering energy incentives to attract “outstanding requests for service” from bitcoin data processors.

Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process. Since late 2018, the oil-rich Middle East country of Iran has become a hotspot for Chinese miners.

The new center, part of Commons Foundation’s “Golden Goose” project, will help to facilitate the innovation of blockchain technology and cryptocurrencies. Bitfury will provide product and technical support for the project.