Citing High Demand, Newnote Financial Adds 100 Terahashes To Its Cloud Hashing Capacity
There's a lot of talk today about cloud hashing. It's a way for miners to, well, mine without having to make incredibly large investments in collocation facilities, hardware, electricity, and system upkeep. And it's incredibly popular. Just ask Newnote Financial Corporation, who recently sold out of their new 'Newnote Miners' cloud hashing service in a mere twelve hours. The company has announced today that they're ready for more action, adding a whopping 100 terahashes to its cloud hashing capacity, allowing even more clients to come on board with mining contracts. "The demand for....
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Cloud computing and crytpocurrency mining may have seemed like an odd combination back in the days of GPU, and later FPGA, bitcoin mining. The rise of ASICs for SHA-256 transaction processing on the Bitcoin network, however, meant that something had to give. That's where Cloud Hashing comes in: the company charges a per-gigahash contract fee that allows users to harness the company's own mining equipment. It's bitcoin mining in the cloud. Given the fact that mining equipment is loud and noisy, Cloud Hashing could easily be compared to any other type of 'heavy lifting' computational process....
Bitcoin mining company BitFury is looking to enter the cloud mining market. BitFury has given no indication as to when its proposed cloud mining offering would launch. However, it outlined how it would provide hardware to partners, only adding supply based on demand, rather than selling hashing power without limit. CEO Valery Vavilov told CoinDesk: "We are working on such a solution for the cloud market." The statements follow hints made by the BitFury CEO at the The North American Bitcoin Conference in Miami earlier this month, when Vavilov discussed the "opportunity" he saw in the....
After its recent purchase of the bitcoin exchange Cointrader.net, Canadian company Newnote Financial has now moved into the multi-vendor website market. On May 12, 2015, the Vancouver-based corporation announced its acquisition of PayIvy.com, an online site that allows vendors to register and sell digital products and services, including ebooks, software, graphic designs, web designs and intellectual property. PayIvy co-founder Lode Kennes says in apress releasethat the company hopes to better reach its potential following the acquisition. "With the investment from Newnote, PayIvy will be....
Newnote Financial launched a national television campaign for its ambitious integrated Bitcoin services. Cryptocurrency centered financial companies are getting pretty fancy. Vancouver-based Newnote Financial recently evolved from a resource exploration company, Winrock Resources, to financial and technology company focused on integrated platforms built for cryptocurrencies. Ever since, the company's developers have been furiously working on a number of unique new projects. To kick off the ambitious integrated platform, it recently launched a national television campaign, a first for....
Chinese supplier MicroBT will be providing the new hardware over the next two years. One of the largest publicly traded Bitcoin mining operations in the world, Bitfarms, has undertaken to purchase 48,000 new miners over the next two years.The Canadian mining company has sourced the equipment from Chinese supplier MicroBT in a bid to increase its hashing capacity by another 5 EH (exahashes) according to reports. Bitfarms was founded in 2017 and currently has a capacity of 1 EH. It has targeted a 200% increase by the end of 2021.The hashing capacity is the amount of pure computing horsepower....