Russian Hydropower Giant Opens Bitcoin Mining Farm
En+, one of the world's largest energy producers, is joining forces with crypto firm BitRiver to open new mining farms in Russia.
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A unit of oil and gas giant Gazprom has opened a mining venue on an oil drilling site using gas produced as a byproduct to produce electricity.
The Arctic mining farm will host ASICs for customers, who will be charged for their electricity consumption.
A poorly managed mining farm in St. Petersburg, Russia, set an apartment on fire and injured the operator, according to a report.
Small hydropower plants have been put up for sale in China as demand for their cheap energy decreases following the government’s crackdown on crypto miners. Just as with mining rigs, their prices have been going down, leaving owners with limited options to recoup their investments. Ads for Hydropower Plants Appear on Xianyu Marketplace Advertisements for small-scale hydroelectric power plants have been placed recently on the online marketplace Xianyu, the South China Morning Post reported. The ‘second-hand’ installations come with a capacity of around 50 megawatts. The....
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....