Browsing:Mining

Genesis Digital Assets Limited (GDA) has collaborated with YPF Luz
3 days ago 1 min read

Argentina taps stranded gas for pioneering Bitcoin mining facility

Genesis Digital Assets Limited (GDA), a prominent global leader in Bitcoin mining, has collaborated with YPF Luz, a subsidiary of Argentina’s state-owned energy firm YPF, to establish an exceptional Bitcoin mining facility. This plant utilizes oil field gas that is generated during drilling but remains unused due to economic or logistical constraints. This initiative, located near Rincón de Los Sauces, within the Neuquén Province, utilizes waste materials to generate electrical energy. YPF, Equinor, and YPF Luz jointly manage the Bajo del Toro Thermal Power Plant. The facility provides power to 1,200 Bitcoin miners, utilizing 7 MW of primary power and

Iceland's Prime Minister has announced plans to reduce cryptocurrency mining due to its high energy use
2 months ago 1 min read

Iceland’s Prime Minister to reduce crypto mining due to its high energy use

Iceland’s Prime Minister, Katrín Jakobsdóttir, has announced plans to reduce crypto mining due to its high energy use, surpassing that of Icelandic homes. This aligns with a Bloomberg report highlighting the rise in demand for old Bitcoin mining equipment in places with cheaper electricity, particularly from the US. Iceland is known for its abundant hydro and geothermal energy, making it a prime spot for Bitcoin mining and the top energy producer per capita globally. However, Jakobsdóttir aims to shift this energy towards boosting food production and supplying power to homes and industries. The future of Iceland’s crypto mining sector appears

SendingNetwork Launches Testnet for Bandwidth Mining, Redefining Decentralized Communication Infrastructure
2 months ago 3 mins read

SendingNetwork Launches Testnet for Bandwidth Mining, Redefining Decentralized Communication Infrastructure

Austin, Texas, March 13th, 2024 SendingNetwork, communication infrastructure for web3, today announced the launch of its testnet for bandwidth mining. This launch is set to revolutionize the way we utilize bandwidth around the world. Through the implementation of an incentive testnet, rigorous security measures, and a clear roadmap towards token launch, SendingNetwork is dedicated to building a robust, secure, and community-driven network. By participating, node providers can transform bandwidth into a valuable asset that enhances the network, earning SendingNetwork Points in the process. This initiative not only promotes the efficient use of bandwidth but also lays the foundation for a

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