Bitfarms Adds 18 MW of Capacity to ‘The Bunker’ — Miner’s Daily Production Taps 16.8 BTC per Day

Bitfarms Adds 18 MW of Capacity to 'The Bunker' — Miner's Daily Production Taps 16.8 BTC per DayOn July 28, the bitcoin mining company Bitfarms announced the completion of the second phase of its facility expansion, by adding roughly 18 megawatts (MW) of capacity to the operation. The mining facility dubbed “The Bunker,” now has approximately 3.8 exahash per second (EH/s), after the 18 MW increase boosted the computational power by 200 […]

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Central Washington Raises Concerns Over Possible Bitcoin Mining Boom

A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. Bitcoin Bull-Run Could Revive Interest in Mining, Officials Warn Per the Seattle Times, bitcoin’s […]

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Washington State Remains a COVID-19 Hotspot in the US

The Merkle Washington State COVID-19The novel coronavirus outbreak in the US seems to primarily focus on Washington state. New evidence is coming to light to explain why this odd situation is in place today. When a pandemic occurs, every country will have its “hotspots”. Washington State Remains a Hotspot In China, that is Wuhan, whereas Italy has the Lombardy region. For the US, it appears that the main center of activity is Washington state. The first case in this state was reported in January of 2020. Ever since, the number of people testing positive for COVID-19 has increased at an alarming rate. Several reasons

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9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike

9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate HikeA major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners. Also read: Indian Supreme Court Moves Crypto Hearing, Community […]

The post 9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike appeared first on Bitcoin News.

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50 Percent Energy Rate Hike for Crypto Miners Approved in Central Washington State

50 Percent Energy Rate Hike for Crypto Miners Approved in Central Washington StateThe commissioners of a public utility district in central Washington State have unanimously approved a rate hike for cryptocurrency miners. The utility serves over 46,000 customers throughout the county. The cost increase starts at 15 percent beginning next year, 35 percent the following year, and 50 percent thereafter. Also read: 160 Crypto Exchanges Seek to Enter Japanese […]

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Aerospace Engineer Uses Bitcoin Cash to Buy $415,000 Home in Seattle

Aerospace Engineer Uses Bitcoin Cash to Buy $415,000 Home in SeattleThe mainstream adoption of cryptocurrency is continuing on pace in all different business sectors and in many economies across the world. The latest example of this featured in the press is the recent acquisition of a home using bitcoin cash. Also Read: Bitcoin Cash Used to Pay for Music Records, Gift Cards, Plastic Surgery The […]

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