Novello Technologies Begins Funding For Ultra Low Cost Bitcoin Mining Rigs
Due To New Information That Novello May Be A Scam I Am NOT Recommending Them. If New Information Is Given By Them To Back Up What They Have Already Given Me That Refutes The Scam Allegations I Will Note It. Novello is beginning the funding round for their business plan at IndieGoGo to bring high performing, low cost miners to the market. Novello Technologies Begins Funding For Ultra Low Cost Bitcoin Mining Rigs. In looking at established and new manufacturers, I had run across Novello's posts in the BitcoinTalk forum about developing a new low cost, high output performance Bitcoin /....
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Scam Accusations Against Novello, Community Reaction and My Response. I had written an article about Novello Technologies IndieGoGo campaign recently. After having been in touch with Gordon Grainger of Novello and going over the information in the weeks, prior to the launch, of the campaign I thought they were a legit company. Their business plan was sound, and they have what looks to be an excellent technology that they want to bring to market for Bitcoin/SHA-256 miners. At launch, they posted their information and link to their campaign on BitcoinTalk. At first they were met with the....
Data shows the prices of Bitcoin mining rigs have been going down for a while now as profitability for miners has been observing a shrink. Cost Of Bitcoin Mining Rigs Has Been On A Downward Spiral Recently As per the latest weekly report from Arcane Research, BTC mining rigs are now at their lowest cost […]
The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC Miners According to a press note published by the GNB, the procedure took place in a checkpoint on the Bolivar state, specifically in the Puente Angostura. An individual transported the bitcoin (BTC) mining equipment on a....
After miners allegedly siphoned off nearly $2 million worth of electricity to fuel the energy-intensive bitcoin mining rigs, Malaysian police seized and destroyed 1,069 bitcoin mining rigs by crushing them with a steamroller. Bitcoin Mining Rigs Destroyed Authorities in Malaysia destroyed Bitcoin mining equipment worth more than $1.2 million after seizing them for operating illegally. […]
The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs. According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) on Monday, Cipher Mining will purchase 28,000 to 56,000 next-generation Bitcoin mining hardware from Bitfury at a cost of $6,250 per rig.At a maximum cost of $6,250 per machine, Cipher’s Bitcoin mining hardware outlay could go between $175 million and $350 million, depending on whether the company elects to receive all 56,000 rigs as stated in the purchase agreement.The total inventory....