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New York State Prepares to Welcome Bitcoin Miners With Cheaper Electricity Rates

The state of New York doesn’t have the best of reputations when it comes to cryptocurrency. Its BitLicense requirement has made operating a crypto business very expensive and difficult. In an effort to turn things around, state regulators are now aiming to attract Bitcoin and altcoin miners. New York and Bitcoin Mining On paper, there […] дальше »

2018-7-14 21:00


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Updated Power Rates for Cryptocurrency Miners in New York

The New York Public Service Commission (PSC) has approved new electricity rates for cryptocurrency miners in Upstate New York. Details of the New Rates In a press release issued by the New York PSC, high-density power consumers like cryptocurrency miners under the Massena Electric Department will pay new utility rates. Cryptocurrency miners and other high-density дальше »

2018-7-14 11:34


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Crypto Miners Receive Approval from New York for Favorable Electricity Rates

New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. These requests come mainly from similar types of potential customers: server farms, generally devoted to data processing for cryptocurrencies. What is your response to the introduction дальше »

2018-7-14 06:36


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New York Approves New Electricity Rates for Crypto Miners

New York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] from increased supply costs. дальше »

2018-7-14 03:30


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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining. дальше »

2018-7-14 01:04


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Crypto miners get updated power rate structure approved by NY state officials.

New York state regulators have approved a new electricity rate scheme for cryptocurrency miners that will allow them to negotiate contracts, Bloomberg reported July 12. According to Bloomberg, several months ago the state of New York gave permission to 36 municipal power authorities to charge crypto miners more than other consumers. The Massena municipal utility дальше »

2018-7-13 06:31


Bitcoin Burns More Energy Than Ireland Because of Millenials

Mining A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. Also read: Japanese Internet Giant GMO Boosts Own Bitcoin Mining Output With 7nm Rigs Bitcoin Said to Use ‘Almost’ as Much Electricity as Ireland Mainstream media is often preoccupied with exploring and revealing the negative effects of дальше »

2018-7-13 03:20


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In Upstate New York, Crypto Miners have approved New Power Rates

A municipal utility provider in New York got the green light from state regulators to create a new set of electricity rates for cryptocurrency miners. While primarily an administrative move, it’s a potentially significant development for cryptocurrency miners hoping to tap the hydroelectrical resources located in New York. However, given the abundance of low-cost electricity дальше »

2018-7-13 03:13


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Scientists genetically modified gerbils to hear light through an implant

A team of German scientists recently developed a spectacular new cochlear implant that uses light to simulate sound. So far it’s only been tested on gerbils, but the results are promising. Cochlear implants are a decades-old invention that uses electricity to stimulate or bypass deadened auditory nerves in order to trick the brain into “hearing” something. дальше »

2018-7-12 18:46


Japan Is Proving to be a Surprising Haven for Crypto Miners

Rural Japan is luring more and more cryptocurrency mining operations. They’re attracted by subsidised rents, as well as relatively low electricity rates. Cities Like Fukui Seeing More Mining Operations Spring Up When you think of large scale cryptocurrency mining operations, Japan probably isn’t the first place that springs to mind. дальше »

2018-7-7 22:00


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Quebec Mining Farce: Bitmain Money Muscle or Local Resentment

Mining Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain. Quebec Mining Drama Continues and So Does Debate дальше »

2018-7-6 19:03


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Japanese Man Free Company Electricity $ 500 Mutual Inc Mining

Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. Also read: Japan Gives Jail Sentence to Crypto Miner in a Remote Mining Case An Extraordinary Income “Virtual currencies are processed cryptographically,” Sora-san, a Japanese man working in a major Japanese manufacturing дальше »

2018-7-6 11:38