A Russian Company Is Opening a Mining Farm in the Arctic
The Arctic mining farm will host ASICs for customers, who will be charged for their electricity consumption.
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A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as $0.03 per kilowatt-hour (kWh). Mining Precious Crypto Assets in the Arctic Circle This week the Russian mining operation Bitcluster was featured in a Bloomberg video-report that highlights the company’s Norilsk bitcoin mine. The city....
MineSpot, a company previously unknown in the crypto mining industry, is opening a 160-megawatt mining venue in Siberia.
KnCMiner has unveiled a new cloud-mining service, offering six-month contracts out of its Arctic bitcoin mine. KnC Cloud, launched on 2nd September, leverages the company's existing data center space in northern Sweden. The so-called Clear Sky mine boasts more than 7 petahashes per second in estimated mining power. KnCMiner said the program will benefit from the cheap cooling and local renewable energy sources afforded by the Arctic Circle. These geographical advantages have led many companies in the bitcoin mining space to look to the Arctic, potentially establishing the region as a key....
A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.
John McAfee was reportedly hiding out in a Spanish “ghost hotel” with a bitcoin mining farm in the basement prior to his arrest. Clues from images and messages the antivirus tycoon posted on social media point to a semi-abandoned hotel owned by a Russian. ‘Ghost Hotel’ With Bitcoin Mining Farm After John McAfee was reportedly found dead in his prison cell in Spain, reports have emerged that the antivirus tycoon’s hideout place was a secret bitcoin mining farm. The place was a semi-abandoned hotel in Cambrils called Daurada Park Hotel, El Pais publication....