Russian Startup Turns Aluminium Plant into Bitcoin Mining Facility

2019-10-31 20:00

Russia Mining Company (RMC) has taken over the facility of the now-defunct Nadvoitsy Aluminium Plant in the northern Karelia region, which ceased operations in 2018 due to U. S. sanctions. RMC plans to turn the aluminum plant into a mega Bitcoin mining farm that would control 20 percent of the world’s bitcoin (BTC), according to reportsRead MoreRead More.

The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\. origin »

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Источник: btcmanager.com

bitcoin plant → Результатов: 44

Green Energy: In NY, Bitcoin Mining Saved The Oldest Working Hydroelectric Plant

Another day, another hydroelectric plant saved by Bitcoin mining. For the untrained eye, the narrative that says that Bitcoin incentivizes green energy might seem convenient. However, each day more concrete examples come to light.

2022-1-18 06:05
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A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners

A state-owned nuclear power plant in Russia may soon fuel a bitcoin mining hub.

2020-1-8 20:15
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Russian Bitcoin Mining Firm Owned By Putin Aide Aims to Control 20% of BTC Hashrate

An aluminum plant in Russia’s northern Karelia region could soon be hosting one of the largest Bitcoin mining facilities in the country. Of course, the plant is no longer serving its primary purpose after being decommissioned in 2018.

2019-10-31 22:20	Russia
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Russian Aluminum Plant Pivots to Bitcoin Mining Following US Sanctions

Metal giant Rusal is renting its facilities to the Russian Mining Corporation following 2018 U.S. sanctions.

2019-10-31 20:00
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Russian Company Strives to Mine 20% of the World’s Bitcoin Supply

Coinspeaker Russian Company Strives to Mine 20% of the World’s Bitcoin SupplyRussian Mining Company will station the equipment for mining on the metalworking plant that is not used since August 2018.

2019-10-30 12:56
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Russian Bitcoin Miner Wants To Control 20 Percent of Global BTC Mining

Bitcoin mining will breathe new life in a closed Russian aluminum plant which lost access to American customers following the introduction of U. S. sanctions in April 2018. Russian Mining Company’s (RMC) Dmitry Marichinev wants to ramp up BTC mining across Russia.

2019-10-29 18:00
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Russian Scientists Fined for Mining Bitcoin on Hijacked Supercomputer

A Russian scientist has received a fine for mining Bitcoin at a top-secret nuclear facility. Denis Baykov has been ordered to pay 450,000 rubles, or about $6,900 for his involvement in the scheme.

2019-10-3 01:00	Crypto
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Russian Nuclear Scientist Gets $7,000 Fine for Mining Bitcoin at Work

The engineer at a top-secret nuclear lab, along with two colleagues, had accessed the plant's supercomputer to mine bitcoin.

2019-10-1 16:05	Russia
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Russian Nuclear Scientist Docked $7,000 for Illegal Bitcoin Mining

A Russian nuclear engineer has been fined $7,000 for illegal bitcoin mining at a top-secret nuclear base. Scientists at Top-Secret Nuclear Lab Caught Mining Bitcoin According to The Moscow Times, Denis Baykov, a nuclear engineer at the Sarov nuclear base has been fined $7,000 for illegally using the plant’s supercomputers for bitcoin mining.

2019-10-1 14:00	Russia
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President Alexander Lukashenko: Belarus to Mine Bitcoin with Nuclear Power

In the latest video snippet, shared by a Bitcoin enthusiast, President Alexander Lukashenko of Belarus talks about using nuclear power to mine bitcoin. However, it is not a new one, rather the same video that first surfaced in April.

2019-9-29 18:38	bitcoin mining
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Bitcoin Cash Meetups Help Plant the Seeds of Economic Freedom

Our newsdesk recently caught up with Bitcoin. com’s community manager Chris Bridgman who discussed the recent expansion of Bitcoin Cash-focused meetups worldwide. Over the last two years, Bridgman and his partner Akane Yokoo have seen BCH meetups grow from a small handful to around 90 BCH-based gatherings in a number of different countries.

2019-9-29 20:52
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Ukrainian Authorities Arrest Bitcoin Miners at Nuclear Energy Plant

Security Service of Ukraine (SBU), the nation’s primary law enforcement authority, has arrested several individuals for illegally mining bitcoin (BTC) and altcoins at the state’s nuclear power plant (NPP), reports RT on August 22, 2019.

2019-8-23 21:00
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Bitcoin Mining Plant in Colorado Keeps Neighbors Awake at Night

The City of Colorado Springs is facing complaints about a mining plant who is struggling to comply with the city noise ordinance. This according to a report from Colorado Springs Independent, July 24, 2019.

2019-7-25 13:00	Cryptocurrency
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Scammers Clone Cryptohopper Site to Seed Bitcoin Malware

With the growing ubiquity of bitcoin and other digital assets, bad actors are now working round the clock, trying to formulate near fail-proof ways of stealing the virtual currencies of unsuspecting victims.

2019-6-6 20:00
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Exploring Illegal Mining Camps in Western China

This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.

2019-5-31 20:14	Mining
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Hackers Exploit Confluence Vulnerability to Plant Crypto Mining Malware

As bitcoin (BTC) and other digital assets keep growing in value and use case, cyberpunks are also upping their game with each passing day, formulating new ways of enriching themselves with ‘dirty crypto.

2019-5-13 17:00	monero
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Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

Aleksandr Lukashenko, the president of Belarus, met with the country’s IT community to discuss the growth of its native tech industry, according to the state-owned national news agency, the Belarusian Telegraph Agency.

2019-4-19 16:59	Mining
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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. 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.

2019-4-11 23:38	Mining
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Kyocera and LO3 Join Forces For Blockchain-Based VPP

Blockchain is solidifying its place in the renewable energy industry as Kyocera has announced on February 25, 2019, that they will be partnering with LO3 to test a blockchain-powered virtual power plant (VPP).

2019-2-28 21:00
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Bitfury Partners With R&D Firm to Launch Crypto Mining Center in Paraguay

Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.

2019-2-8 23:32	Bitcoin
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Bitmain Suspends Work on Bitcoin Mine in Texas

Bitmain, the largest manufacturer of cryptocurrency mining rigs in the world, has suspended all of its operations in Texas, where the company was supposed to build the largest mining operation in the country, Texas Public Radio reported on January 11, 2019.

2019-1-13 14:00	Mining
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UK MP Wants to To Introduce Bitcoin Tax Payments

UK Member of Parliament, Eddie Hughes, has called for local authorities to take a lead, and accept Bitcoin payments. The Conservative politician also believes that a lack of reliable information is holding back wider adoption.

2018-12-12 01:00
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South Korea’s Second Largest City to Develop Blockchain-Enabled Virtual Power Plant

The South Korean government will be spending four billion Korean won (KRW) ($3. 500. 000) to create and deploy a “virtual power plant” based on blockchain technology reports local media outlet Yonhap News on December 10, 2018.

2018-12-12 00:00	South Korea
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Unlocking the Full Potential of IoT Farming - [BTC Media Sponsor]

You don’t need to be an agriculture expert to see the writing on the wall. Current farming methods just aren’t working anymore for most farmers of the world. There are 2 billion smallholder farms managing fewer than five acres (PDF).

2018-10-9 20:10	Bitcoin
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Washington State Utility Increases Power Rates for Bitcoin Mining

Due to Grant County’s lower power cost that comes from the local hydroelectric plant, many cryptocurrency mining operations have flocked to Washington state. However, their luck is bound to change as the Grant County Public Utility District (PUD) recently announced a rate hike for electricity used by cryptocurrency mining farms by as much as threefold, the International Business Times reported...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-7 15:00
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Electricity Rates Increase in Grant County in Washington for Bitcoin Miners

Grant County, a town located in the US state of Washington, currently hosts a number of cryptocurrency mining operators. These operators migrated to the area because of cheaper electricity costs from the hydroelectric plant in the local region.

2018-9-6 16:04	Mining
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Montana Senator: Closing Coal Plant Could Hurt Bitcoin Mining Industry

The crypto industry has scored another first, as a junior U. S. Senator from Montana, Steve Daines, has lobbied against the planned closure of a coal-fired power plant in Rosebud County, arguing that its closure could harm the growing cryptocurrency mining industry in the state.

2018-8-28 19:11	Mining
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Soluna Bets Big on Offsetting Bitcoin Energy Consumption

As Bitcoin mining operations ramp up worldwide the electrical cost of mining is drawing the ire of municipalities and environmental groups alike. However, Soluna is looking to offset the carbon footprint of mining Bitcoin through its wind power plant in the Sahara Desert.

2018-8-27 13:00
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Bitcoin Mining is Big Business in Montana: US Senator Works to Protect Industry

Bonner and Butte, Montana are home to two of the largest bitcoin mining facilities in North America. They’re also subject to a major energy producer in the state, the Colstrip power plant, which is due to be shut down.

2018-8-27 11:45
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Closure of Coal Plant will Affect Bitcoin Mining, Says U.S. Senator

A United States Senator, Steve Daines, has warned that the planned closure of all four units of a coal plant in Colstrip, Montana will not bode well for the state’s Bitcoin mining business.

2018-8-26 20:53	Cryptocurrency News
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Bitcoin Mining Giant Bitmain Has Big Plans for Small Texas Town

A sleepy Texas town is set to reinvigorate the local economy thanks to a multimillion-dollar project to build a cryptocurrency mining and data center in place of a recently closed coal fire power plant.

2018-8-7 17:00	texas
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Central TX Town hit Hard by Unemployment Finds Hope in Bitcoin Mine

Now the small town of Rockdale, about an hour northeast of Austin, is hoping the days of “used to” are used up. A Chinese company plans to open a Bitcoin mining operation in part of the old Alcoa plant just outside of town, bringing with it the prospect of 300-500 jobs, according to local media reports.

2018-7-31 20:36
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Once Reliant on Coal Mining, A Texas Town is Looking to Bitcoin Mining to Reinvigorate Its Economy

According to the Texas Standard, Rockdale, a town in central Texas, is looking to Bitcoin mining to ease an economic slump caused by the closure of the coal-fired power plant and adjacent mine earlier this year.

2018-7-27 17:25	News
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Once Reliant on Coal Mining, A Texas Town is Looking to Bitcoin Mining to Reinvigorate Its Economy

2018-7-26 20:05	Cryptocurrency News
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[promoted] Earning Bitcoin From the Sun

There are over 600 million Africans living without electricity despite an abundance of sunshine and hundreds of thousands of solar projects on the drawing board.

2018-7-17 17:41	Bitcoin
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Bitcoin [BTC] mining operation gives Intel old plant a new breath!

3G Venture II, a California-based mining operation, recently purchased a sizable portion of an abandoned Intel plant for mining. The plant in question was made to manufacture semiconductors for Intel and was shut down in 2009.

2018-6-24 21:10	News
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Inside the Pitcin: Open the former Intel facility of the Crypto mining farm

Bitcoin mining farms have similar power needs, making Colorado Springs a great place to set up shop. Much of the town’s economy is based in the high-tech sector, with companies like Verizon and Hewlett-Packard setting up offices.

2018-6-23 09:30
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Bitcoin Inside: Crypto Mining Farm to Open in Former Intel Facility

California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.

2018-6-23 07:00
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Digital Future Council Assembles Roster of Industry Leaders in Media, Tech

The Digital Future Council made its public debut on June 18, 2018, at the 2018 Cannes Lions International Festival of Creativity. With founding members from such organizations as IBM, Vice, CNN, Lego and Warner Bros.

2018-6-20 21:56	Adoption & community
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New Blockchain-Based Renewable Energy Pilot to Power 500,000 Homes

As the effects of climate change make their mark across the globe, people are more wary of their carbon footprints and are gradually switching to renewable energy.

2018-6-13 22:17	Startups
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Cryptomining Applications Suspended in Quebec

Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes.

2018-6-11 03:08	Mining

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Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.

Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York.

2018-6-11 01:16	Mining

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Former US Alcoa aluminum plant to be reconstructed into largest mining center

Despite bitcoin and altcoins fell in price in 2018, Coinmint invests hundred millions of dollars in the reconstruction of the former aluminum plant in the New York State.

2018-6-11 18:52	News

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2019-10-31 20:00

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