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Bitcoin Mining Plan

Motherboard Maker Asrock Confirms Plan To Sell Crypto Miners

Motherboard Maker Asrock Confirms Plan To Sell Crypto Miners

Motherboard Maker ASRock Confirms Plan to Sell Crypto Miners Apr 4, 2018 at 06:00 UTC|UpdatedApr 5, 2018 at 02:21 UTC ASRock is planning to sell four graphics cards (GPU) specifically geared for cryptocurrency mining. The company unveiled its Phantom Gaming Series last week, based on AMD's RX series. An ASRock America employee confirmed to CoinDesk that four of the cards - all of which are versions of the RX570 series - are "for mining only."A fifth RX570 8G OC version, the employee added, is the gaming-oriented version of that product. The confirmation comes after a presentation screenshot was posted on Twitter late last month by VideoCardz.com highlighting the planned products. The move signals that ASRock - which released a mining-specific motherboard back in 2013 - is looking to capitalize on the demand for GPUs by miners, who use the tech in the energy-intensive mining process. That demand has led to companies like AMD and Nvidia to see growing sales (though both firms have said that cryptocurrency miners only form a small part of their customer base). According to a report from PCGamer , which covered last week's reveal, the RX570 series will run AMD's Radeon Software Adrenalin Edition. That's a notable detail because just prior the announcement, AMD updated the same driver to better handle cryptocurrency mining processes, as CoinDesk previously reported . The confirmation came the same day that Bitmain, the world's largest maker of bitcoin mining hardware, unveiled a new application-specific integrated circuit (ASIC) dedicated to cryptocurrencies like ethereum and other ethash-based coins. The Antminer E3 , which is expected to ship in July, quickly sold out after the China-based company started accepting preorders. Cryptocurrency mining rig image via Shuttersto Continue reading >>

Bitcoin Mining Plan In Australia Would Lean On Coal-fired Power Plant - Cnet

Bitcoin Mining Plan In Australia Would Lean On Coal-fired Power Plant - Cnet

Bitcoin isn't really a coin, but for some people, it's real money in the bank. It's a dystopian nightmare for some, an obvious solution to a long-term problem for others: a decommissioned coal-fired power plant, kick-started and brought back online (partly) to mine cryptocurrency . That's the stated plan of two companies: IOT Group and Hunter Energy. IOT Group is the cryptocurrency company, with a background in selling "selfie" drones. It wants to build a "Blockchain Application Centre" and connect directly to Redbank, a decommissioned Australian coal-fired power station, to deliver wholesale energy to blockchain companies. Hunter Energy is the company that wants to kick-start that power station in the first quarter of 2019. The facility has lain dormant since it was closed back in October 2014. The only issue: Some involved in the project have a long history of legal trouble. Many believe the project won't actually come to fruition. On Monday, IOT Group made an announcement on the Australian Securities Exchange: "IOT to be the first in Australia to offer pre-Grid cost effective power prices to Blockchain operators." The plan: work alongside Hunter Energy, selling energy at a wholesale price to those who need it for blockchain projects. Why? The answer's relatively simple. Mining for digital currency (particularly bitcoin) is challenging. It requires a huge energy expenditure, and in Australia the cost of that energy can outweigh the financial benefits of mining. If it was possible to deliver cheap energy to cryptocurrency miners, it could be more profitable. That might encourage emerging blockchain companies to set up shop in a Blockchain Application Centre next to a power plant eager to sell energy at wholesale prices. There's been huge interest around the world late Continue reading >>

Us Town Plans Freeze On Energy-hungry Bitcoin Mining Operations

Us Town Plans Freeze On Energy-hungry Bitcoin Mining Operations

US Town Plans Freeze on Energy-Hungry Bitcoin Mining Operations The US town of Plattsburgh wants to impose an 18-month moratorium on cryptocurrency mining amid surging demand for electricity. The power demands of Bitcoin mining operations are proving a headache for Plattsburgh, and the mayor of this small town in New York State is proposing a moratorium on cryptocurrency mining. The plan is to suspend such activities for 18 months to allow the City of Plattsburgh the opportunity to consider zoning and land use laws and municipal lighting department regulations before commercial cryptocurrency mining operations result in irreversible change to the character and direction of the City. In a February interview with the New York Times, Plattsburgh Mayor Colin Read said the two Bitcoin mining operations in town consume nearly 10% of its power supply. Plattsburgh gets a fixed amount of low-cost electricity under a deal signed during the construction of hydroelectric dams on the St. Lawrence River back in the 1950s. However, the mining ventures are draining a significant portion of this supply, forcing the town to make up for it by purchases on the open market. As Read pointed out, rates there can go as much as 100 times above the base cost. Bill Treacy of Plattsburghs Municipal Lighting Department echoed Reads concerns, adding that the town is already buying additional power during normal seasonal upswings in energy demand and Bitcoin mining will exacerbate the problem. As expected, the proposed bill is met with resistance by the local crypto miners. David Bowman, who operates one of the Bitcoin mining firms, commented: "I think the proposed law is unnecessary and I'm worried that Plattsburgh could miss out on an opportunity for innovation. It's basically in the early stages Continue reading >>

How To Get Started With Bitcoin Mining.

How To Get Started With Bitcoin Mining.

Before you read further, please understand that most bitcoin users don't mine! But if you do then this Bitcoin miner is probably the best deal. Bitcoin mining for profit is very competitive and volatility in the Bitcoin price makes it difficult to realize monetary gains without also speculating on the price. Mining makes sense if you plan to do it for fun, to learn or to support the security of Bitcoin and do not care if you make a profit. If you have access to large amounts of cheap electricity and the ability to manage a large installation and business, you can mine for a profit. If you want to get bitcoins based on a fixed amount of mining power, but you don't want to run the actual hardware yourself, you can purchase a mining contract. Another tool many people like to buy is a Bitcoin debit card which enables people to load a debit card with funds via bitcoins. Bitcoin mining is a lot like a giant lottery where you compete with your mining hardware with everyone on the network to earn bitcoins. Faster Bitcoin mining hardware is able to attempt more tries per second to win this lottery while the Bitcoin network itself adjusts roughly every two weeks to keep the rate of finding a winning block hash to every ten minutes. In the big picture, Bitcoin mining secures transactions that are recorded in Bitcon's public ledger, the block chain. By conducting a random lottery where electricity and specialized equipment are the price of admission, the cost to disrupt the Bitcoin network scales with the amount of hashing power that is being spent by all mining participants. During mining, your Bitcoin mining hardware runs a cryptographic hashing function (two rounds of SHA256) on what is called a block header . For each new hash that is tried, the mining software will use a diff Continue reading >>

Long Blockchain Cancels Plan To Buy Bitcoin Mining Equipment

Long Blockchain Cancels Plan To Buy Bitcoin Mining Equipment

Long Blockchain cancels plan to buy bitcoin mining equipment Shares of Long Blockchain Corp. LBCC, +11.11% rallied 8.2% in premarket trade Friday, after the company formerly knows as Long Island Iced Tea Corp. said it has decided not to buy Bitcoin mining rigs. Instead, the company said it will focus its efforts on "seeking to enter into and ultimately consummate" its previously announced proposed merger with Stater Blockchain Ltd. The company, which said in December said it was changing its focus on investing in blockchain technology, said in January that it cancelled plans for a public stock offering that the proceeds were going to be used to help purchase 1,000 Antminer S9 mining rigs and 1,000 APW3++ PSUs. "While we continue to believe in the value of mining equipment to the blockchain ecosystem, the purchase of these machines - which was negotiated as a no-risk option to the Company - was just one of the multiple strategic avenues we have been considering," said Shamyl Malik, head of the company's blockchain strategy committee . The comapny's announcement comes as bitcoin futures xbth8 extended their recent selloff toward a new low since inception. Long Blockchain's stock has tumbled 24% over the past 12 months, while the S&P 500 SPX, -0.66% has gained 24%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Continue reading >>

Japan's Gmo Internet Reveals Cryptocurrency Mining Plan - Coindesk

Japan's Gmo Internet Reveals Cryptocurrency Mining Plan - Coindesk

Japan's GMO Internet Reveals Cryptocurrency Mining Plan Japanese firm GMO Internet has announced the launch of a new cryptocurrency mining business. GMO, which was founded in the early 1990s, first entered the cryptocurrency space with the opening of an exchange in May. Now, the company, which offers web hosting and a range of other digital services, is expanding its portfolio with the mining operation, which is set to commence sometime in the first half of 2018. According to statements from GMO , the mining facility is set to be based somewhere in northern Europe and will produce as much as 500 petahashes per second (PH/s). Currently, the bitcoin network hashrate is approximately 5.68 exahashes per second (EH/s). It's a notable launch, given that GMO is an established digital services firm with a publicly listed stock. GMO said also that it plans to "research and develop semiconductor chips (mining chips) utilizing state-of-the-art 7nm process technology," working with as-yet-unnamed partners on the venture. Additionally, the firm indicated that it may move to sell the hardware it creates to third parties. Further down the line, GMO indicated it plans to begin offering cloud mining services, through which customers can buy a certain amount of hashrate over a period of time to potentially earn bitcoin.Notably, the company also plans to use the mine to support its cryptocurrency exchange, with the coins generated being used to provide liquidity for its marketplace. The announcement comes on the heels of another blockchain-based loyalty point project from GMO. Cryptocurrency mining is the energy intensive process by which new transactions are added to a blockchain, creating new coins as a reward in the process. Continue reading >>

Best Cloud Mining - Bitcoin & Crypto Mining Comparison /

Best Cloud Mining - Bitcoin & Crypto Mining Comparison /

Bitcoin mining is the process through new bitcoins get created while the transactions on the blockchain are being verified by the miners. The mining machines are solving complex mathematical problems in order to decide the validity of a transaction which requires either GPU, CPU or ASIC hardware to run continuously. If somebody wants to join the cryptocurrency mining business but does not necessarily want to deal with the noise and heat the mining hardware can cause. If they want to forget all the maintenance involved with the mining rigs, cloud mining is the best opportunity to still enjoy the benefits of participating in mining. During the cloud mining activity, clients can purchase hashing power from a provider in exchange for certain daily or monthly fees. After the contract is started, the earnings from the mining that is running on the mining rigs of the cloud mining provider benefits directly the clients account. There are many cloud mining providers on the market who offer wide range of services. Prospective clients however must be very careful when choosing the right provider as there are several scammer working on the market whose only goal is to build a ponzi scheme or directly steal bitcoins. When looking for possible cloud mining providers it is advisable to always check their About section on the website. This page can tell a lot about the company, especially if there is no information on the site. If somebody is trying to hide themselves from the public on a market where trust is one of the main principle of the industry, it should be a warning sign that the company might not be providing legitimate services. Many providers just list general mission statements and nothing specific about the background of the firm, such as owners, founders or executive of Continue reading >>

Planning Your Bitcoin Mining Operation

Planning Your Bitcoin Mining Operation

Rolf Bitcoin antminer , bitcoin , mining 193 Operating a Bitcoin mining facility can be profitable, but you need to treat it like a business.I operate a small Bitcoin mining facility, and there is a lot more that goes into it than just plugging in the equipment and letting it run. Its easy to set up a single Bitcoin mining device and run it. Scaling to something that can make a significant amount of money is a different story, however. Tomake a profit, one needs reliable revenue and low costs. This means low costs for all aspects of the operation: Bitcoin mining hardware is the first and most important part of the operation. If you cant get good equipment at a good price, you might as well stop right there. At this point in time, the best equipment to buy is the Bitmain Antminer S9 . Youshould be able to generate about 0.5 Bitcoin per month (as of July 2016, post-halvening). The Bitmain Antminer S7 is a good choice to learn about mining. Depending on your electricity prices, it might be profitable for you to operate it. The power supplies need to be purchased separately. If you have 110 Volt AC, get this setup from Centrix International . If you have 220 VAC, you can use either the Centrix setup, or get the power supplyfrom Bitmain . The Bitcoin mining hardware basically convert electricity to Bitcoin. The lower your electricity costs, the better off you will be. For US Dollars, your electricity costs should be $0.10 per KiloWatt Hour or less to maintain profitability. Calculating actual electricity cost can be a bit tricky, and if you have a choice of electricity suppliers, it is worth getting their rate sheet to determine the price at the usage. As a starting point, there will be different rates. Commercial light less than 200 amps or 30,000 KWHr per month Commercial Continue reading >>

Iced Tea Company Kills Plan To Buy Bitcoin Mining Rigs

Iced Tea Company Kills Plan To Buy Bitcoin Mining Rigs

Iced tea company kills plan to buy bitcoin mining rigs by Paul R. La Monica @lamonicabuzz February 2, 2018: 11:22 AM ET Bitcoin prices have been in free-fall mode. And so have many bitcoin-related stocks, including a tiny beverage company that just changed its name and business model in December. Long Blockchain ( LBCC ), which used to be known as Long Island Iced Tea before it went all-in on cryptocurrencies, soared nearly 200% the day that it announced its new business model. But shares have plunged nearly 55% since then. And it appears that the company is having a tough time making the transition from a maker of bottles of non-alcoholic Long Island Iced Tea (uhh, what's the point?) to blockchain powerhouse. Long Blockchain said Friday it was abandoning a previously announced plan to buy bitcoin mining equipment and would focus instead on a merger with the UK-based firm Stater Blockchain. But the decision to not go ahead with the purchase of the bitcoin mining rigs is a bit curious. After all, Long Blockchain said when it announced the Stater deal just a few weeks ago that the merger would "complement" its acquisition of the bitcoin equipment. Shares of Long Blockchain actually rose a bit Friday, but it's worth noting that trading volume was extremely light. And the overarching trend for the stock over the past few weeks is still down. Bitcoin prices have tumbled after nearly hitting $20,000 in December. The price briefly fell below $8,000 Friday due to fears of more regulation worldwide. Ethereum, litecoin, ripple, cardano and numerous other cryptocurrencies have plunged as well. Continue reading >>

Getting Started With Bitcoin Mining

Getting Started With Bitcoin Mining

You will learn (1) how bitcoin mining works, (2) how to start mining bitcoins, (3) what the best bitcoin mining software is, (4) what the best bitcoin mining hardware is, (5) where to find the best bitcoin mining pools and (6) how to optimize your bitcoin earnings. Bitcoin mining is difficult to do profitably but if you try then this Bitcoin miner is probably a good shot. Before you start mining Bitcoin, it's useful to understand what Bitcoin mining really means. Bitcoin mining is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second. The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins. The more computing power you contribute then the greater your share of the reward. Step 1 - Get The Best Bitcoin Mining Hardware Purchasing Bitcoins - In some cases, you may need to purchase mining hardware with bitcoins. Today, you can purchase most hardware on Amazon . You also may want to check the bitcoin charts . To begin mining bitcoins , you'll need to acquire bitcoin mining hardware. In the early days of bitcoin, it was possible to mine with your computer CPU or high speed video processor card. Today that's no longer possible. Custom Bitcoin ASIC chips offer performance up to 100x the capability of older systems have come to dominate the Bitcoin mining industry. Bitcoin mining with anything less will consume more in electricity tha Continue reading >>

China Wants An Orderly Exit From Bitcoin Mining

China Wants An Orderly Exit From Bitcoin Mining

Bitcoin mining could be on its last legs in China. The countrys top internet-finance regulator, the Leading Group of Internet Financial Risks Remediation, issued a notice asking local governments to guide bitcoin-mining operations to make an orderly exit from the business, according to a leaked document online . Citing government sources, Bloomberg and Reuters earlier reported that China is planning to limit electricity supply to bitcoin miners. Currently, there are some so-called mining enterprises that produce virtual currencies. They have consumed huge amounts of resources and stoked speculation of virtual currencies, according to the document dated Jan. 2. The document, issued to local offices of the internet-finance regulator, asks local authorities to use measures linked to electricity price, land use, tax, and environmental protection, among other things, to guide bitcoin miners to quit the business. It also asks the local offices to report information about mining facilities in their regions, as well as the progress of the exits from mining by Jan. 10, and then on the tenth day of every month. Calls to the contact number on the document went unanswered. Also leaked online was a separate document from the internet-finance regulators Xinjiang office, dated Jan. 4. The document asks the local authority in the western region to report miners exit progress by the fifth day of each month. It also cited concerns over energy usage and speculation as in the national-level document. When reached by Quartz in a phone call, Zhang Qiubin from the Xinjiang office confirmed the authenticity of the local document, but refused to comment on the national-level one. But both documents note that the regulatory decisions on bitcoin mining were made during a November meeting between Continue reading >>

How To Start A Bitcoin Mining Business: Step-by-step Guide

How To Start A Bitcoin Mining Business: Step-by-step Guide

How to Start a Bitcoin Mining Business: Step-by-Step Guide How to Start a Bitcoin Mining Business: Step-by-Step Guide Bitcoin, the revolutionary and contentious cryptocurrency has seen its ups and downs over the years. What was initially dismissed as a crazy idea and a fad has now established its place in the market as a credible financial instrument. Whats more, even long time skeptics, financial instruments, have started to embrace the cryptocurrency. And while this wide-scale adoption is great for the currency as a whole, it has brought with it a new range of challenges for miners. Bitcoin mining, by design, has gotten tougher over time, individuals running background apps on PCs have given way to savvy entrepreneurs with VC funding, setting up Hyperscale, multi-megawatt, facilities dedicated to mining bitcoin. Having helped build some of the largest, most efficient bitcoin mining facilities (over 10MW), wanted to outline some key learnings in the form of this step by step guide on how to start a bitcoin mining business/ operation. As obvious as it may sound, it is critical that you do the math and evaluate the financial feasibility of mining bitcoin. Youd be surprised about how many enquiries we get for projects that make little financial sense. And while, itd be easy for us to just quote them a cooling system price and sell more units, were committed to seeing our customers succeed, and often help people see why a project may not be feasible or why we may not be the best solution for them. The first step within the evaluation phase is to research what kind of miners youll be using. You ideally want to pick the most energy efficient miners, but if you have access to cheap, clean power, the upfront cost may be more important, the idea is to look at the total cost of Continue reading >>

Chelan Pud Developing Sustainable Plan To Bitcoin Mining Requests

Chelan Pud Developing Sustainable Plan To Bitcoin Mining Requests

Chelan PUD developing sustainable plan to Bitcoin mining requests Posted By: Dave Bernstein February 21, 2018 Chelan PUD has received so many requests for large amounts of power, presumably for Bitcoin or other cryptocurrency operations, the Chelan PUD released an outline Tuesday of how PUD staff plans torespond a reported seven requests for large amounts of power that if realized, would double the amount of PUD retail service. A press release included a link to the plan which is based on an assessment of risk, including impacts to existing customers, and how to manage those risks. Large amounts of service translate into potentially large amounts of dollars of risk, General Manager Steve Wright said. We are carefully thinking through pricing strategies that are fair to existing and new customers. These strategies build on the high density load rate adopted last year for below 5 megawatt load. Chelan PUD has requests from seven operators who are seeking from 5 to 100 megawatts each, staff reported. The total amount of power sought is more than double Chelan PUDs average local load of 180 to 200 average megawatts. PUD staff has fielded more than 75 inquiries about service since the price of bitcoin spiked late last year. Many of the service requests are assumed to be for cryptocurrency mining. Requests for such large amounts of power raise issues for managing power generation, transmission and distribution. The PUDs approach for responding to requests of more than 5 megawatts will include an expanded application process to gather more information, advance payments for work to be performed and defining contract options and rates The PUD will determine a timeline to process service requests for more than 5 megawatts after the expanded application process is in place and th Continue reading >>

Hashflare - Cloud Mining

Hashflare - Cloud Mining

Information:We are using cookies, by logging in or registering you agree to accept our cookie policy in Terms and conditions The mining starts immediately after confirmed payment. First payouts within 24 hours. Choose the amount to withdraw and receive it instantly View all mining related information in real-time, at any point from any location. You can decide which pools you want your hashrate to mine in. This allows you to find the most profitable combination. No hidden fees or comissions. Every single transaction is visible to you. Our service makes mining Cryptocurrency accessible to everyone. No longer it is required to buy expensive equipment and waste your time on setting it up. Simply select the desired power and generate revenue! Select the desired plan and start earning in less than 24 hours! Have been working with HashCoins since the beginning of 2014 and was happy to take part in testing the new service. Small issues appear here and there but they are fixed promptly and Im satisfied. I surely hope that the quality of the service will rise with time. The service gave me a good impression. I get the feeling it was developed with a lot of effort. Main advantage in my opinion is low entry price. After the initial test I have only positive emotions. Allocating pools is awesome and well-made. The software is generally user-friendly and intuitive. Everything in the panel is where its supposed to be and no unecessary things. After the testing period is over I will definitely continue with HashFlare. Continue reading >>

Japan's Gmo Plans Bitcoin, Bitcoin Cash Cloud Mining Launch In August

Japan's Gmo Plans Bitcoin, Bitcoin Cash Cloud Mining Launch In August

Japanese Internet Giant GMO Plans Bitcoin, Bitcoin Cash Cloud Mining Launch in August Join our community of 10 000 traders on Hacked.com for just $39 per month. GMO Internet, a multi-billion publicly listed Japanese internet and technology conglomerate, has unveiled plans to launch its new bitcoin cloud mining service in August. Founded in the early 1990s, Tokyo-based GMO announced its foray into the cryptocurrency space in September with a multi-million-dollar investment into a new mining venture. Crypto mining sees miners gain newly minted coins as reward for creating blocks of validated transactions and including them in the blockchain. An energy-intensive process, crypto mining profits are made when mining rewards exceed the cost of mining resources and electricity costs. At the time, GMO also hinted at entering the cloud mining space to enable customers to rent its mining equipments hashrate. With an announcement on Friday, GMO has now confirmed its plan toward a tentative launch of its new cloud mining service, called Z.com Cloud Mining, in August. To ramp up interest, the company will hold information sessions in 9 cities across the world in March. They are: Tokyo, New York, Los Angeles, London, Frankfurt, Hong Kong, Singapore, Zurich, Dubai. Before entering the cryptocurrency mining business, we have announced that we are planning to offer the cloud mining service, the company said. We have already been receiving inquiries about our cloud mining service, so from March 2018, GMO Internet will hold the information session in 9 cities to meet the needs of the companies or businesses worldwide who have announced their intention to participate in the cloud mining. On offer is a two-year rental contract for $5 million (approx. 550 million JPY), a fee that will includ Continue reading >>

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