Mining

Vancouver Bitcoin Mining Firm Installs 85 MW Substation to Power Massive Expansion Plans

Advertisement Vancouver-based DMG Blockchain Solutions Inc. recently announced that it had begun the installation of its 85-megawatt (MW) capacity substation, which will power the expansion of its crypto mining facility. The new 85-megawatt capacity transformer and electric substation will be connected to the utility power grid when completed, and it will help expand its product […]

Mining

TMGcore Opens First-of-Its-Kind Crypto Mining Facility Designed to be Energy Efficient

An American crypto mining operation has launched the first-of-its-kind facility that aims to cut cooling and energy costs. TMGcore is a technology development company that focuses on cryptocurrency mining. Headquartered in Plano, Texas, the company owns and operates its Legacy 1, 150,000 square foot, Class A Tier III facility that is capable of a 100-megawatt […]

Mining

Cloud-Mining Service Hashflare Disables Bitcoin Mining Contracts, Shuts Down

Advertisement Hashflare, one of the largest cloud-based mining service, abruptly shuts down Bitcoin mining contracts. In an official statement, Hashflare stated that they would disable their mining hardware and would effectively terminate all SHA-256 based mining contracts. The company said: “BTC mining continues being unprofitable, in light of which we would like to inform you […]

Mining

Chinese Authorities to Shut Down ‘Illegal’ Bitcoin Mining in Autonomous Region

Advertisement Xinjiang Uyghur, an autonomous region in northwest China, has warned local Bitcoin mining enterprises to close their operations before August 30, 2018. Chinese news outlet Jinse published the notice posted by the Xinjiang Economic and Information Commission on July 21. These mining companies will also have to report to the commission. As explained in the notice, one of […]

Mining

Bitminer Factory – Co-Locating Cryptocurrency Mining Operations and Renewable Energy Projects

The blockchain revolution is a disruption that is consuming as much energy as an entire country the size of Peru, Israel, or Portugal. Bitminer Factory, based in Italy, aim to make blockchain operations sustainable with renewable energy projects “while sharing the benefits with token holders.” Bitminer Factory is currently conducting a pre-ICO, with its main […]

Mining

MyBit Partners With Alpine to Bring Sustainable Cryptocurrency Mining to Investors

MyBit, an open source decentralised platform, has announced that it has teamed up with sustainable cryptocurrency mining company, Alpine Mining. MyBit is aiming to be a first-class platform by giving users the opportunity to invest in smart, Internet of Things (IoT) devices on the ethereum blockchain. “There’s a lot of excitement around the Internet of […]