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Category: mining facilities
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Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, […]
The post 3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners appeared first on Bitcoin News.
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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint
Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing […]
The post Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint appeared first on Bitcoin News.
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Traders Are Now Banned From Using Localbitcoins Exchange in Iran
Traders from Iran have been banned from using the peer-to-peer trading platform Localbitcoins.com within the country. The Iranian section of the website displays a short message that states that the exchange is “currently not available.” The news follows significant Iranian rial trade volume on the Localbitcoins platform, which has been climbing steadily over the last […]
The post Traders Are Now Banned From Using Localbitcoins Exchange in Iran appeared first on Bitcoin News.
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Samsung Begins 7nm Chip Production, Easing Miner Demand for Improved Semiconductors
After delivering 10nm semiconductor technology, the electronics giant Samsung has announced the firm’s foundry has started production of its EUV-based 7nm LPP process. Lately, Bitcoin mining rig manufacturers have added more pressure to the significant global demand for high-performance chips. At the moment there are only a couple of foundries producing them. Also Read: Bitmain Offers […]
The post Samsung Begins 7nm Chip Production, Easing Miner Demand for Improved Semiconductors appeared first on Bitcoin News.
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