[ad_2][ad_1] Regional reports say that Inner Mongolia officials have outlined 21 bitcoin mines, as the region plans to stop subsidized electricity tariffs for some data companies. Unless bitcoin mining facilities pack up and migrate, mining farms could see a one-third increase in the price of electricity. The Chinese editorial team …
Read More »Iran Licenses 14 Bitcoin Mining Farms, Reduces Electricity Rates By Up To 47% For Miners
[ad_2][ad_1] Iran has reportedly issued permits for 14 bitcoin mining farms and will reduce electricity tariffs by up to 47% to support licensed cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran licenses more crypto mining companies The Islamic Republic of Iran has reportedly issued …
Read More »1 BTC extract was only $ 1,567 in electricity costs
[ad_1] When Bitcoin is extracted, efficiency is everything and therefore electricity is cheap. According to a recent Bitfarm report, a Bitcoin mine in Canada is spending only $ 1567 USD for BTC that it extracts on the facility. The company is helped by the fresh climate of Canada and the …
Read More »Bitcoin miners are on track to use more electricity from all over Argentina
[ad_1] The global power needed to create cryptocurrencies this year could compete with the entire electricity consumption of Argentina and be a growth engine for renewable energy producers from the United States to China. Bitcoin miners and other cryptocurrencies could take up to 140 terawatt hours of electricity in 2018, …
Read More »Suspect Arrested for Stealing $ 3 + Mln of Electricity to Mine Crypto
[ad_1] In Taiwanese man, he has been arrested, according to a report from the local news channel. EBC Dongsen News Dec. 26. The suspect, whose surname has been given as Yang, has been accused of paying off the 100,000 yuan (around $ 14.5 million). Yang is purported to have at …
Read More »Bill Electricity of Bitcoin Mining: is it worth it?
[ad_1] They say it takes money to make money; To take advantage of Bitcoin mining, you need to buy mining equipment and pay your electricity bill first. While more miners join the Bitcoin network, some individuals fear that the amount of electricity consumed by mining activities will have a negative …
Read More »Does Blockchain solve an elusive or non-existent problem in the electricity markets?
[ad_2][ad_1]<div _ngcontent-c14 = "" innerhtml = " Long curved rows of terraced houses, all with an identical series of solar panels on tiled roofsGetty There is a famous piece of dialogue attributed to British Prime Minister William Gladstone and Michael Faraday. Faraday had just invented the electric generator and was …
Read More »Hive Blockchain Tech protests the bill for the exclusion from the sale of electricity for mining encryption in Norway
[ad_2][ad_1] Hive Blockchain Tech protests the bill for the exclusion from the sale of electricity for mining encryption in Norway The move by Norwegian Parliament pass a legislature that reduces the ministers encrypted by the access to the electricity subsidy has pushed the reaction from Hive Blockchain Technologies. This Blockchain-oriented …
Read More »Bitcoin Miner earned $ 14.5 million in Crypto using $ 3 million of stolen electricity: the police
[ad_2][ad_1] A Taiwanese bitcoin miner has been arrested and charged with digging 100 million yuan (about $ 14.5 million) into the crypt using NT $ 100 million (or $ 3.2 million) of stolen electricity. The man, whose surname is Yang, is accused of operating with 17 illegal crypto-mining centers that …
Read More »The suspected thief of electricity was arrested after extracting $ 3 million in Bitcoin, Ether
[ad_2][ad_1] A Taiwanese man was arrested on charges of extracting millions of dollars of cryptodes using stolen power. According to a relationship from the EBC Dongsen News on Wednesday, a man with the surname Yang is suspected of stealing electricity estimated at over NT $ 100 million ($ 3.25 million) …
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