Crypto Mining

Hunter Valley To Become A Blockchain Mining Hot Spot

Come for the wine, stay for the crypto! Redbank Power Station, a coal-fired plant that has been disused since 2014, is set to reopen for the soul purpose of blockchain mining.

First reported by The Age, the reopened station will be renamed the Blockchain Operations Centre. It is being sent up by tech company IOT Group in partnership with Hunter Energy, and is the first operation of this kind within Australia.

Part of the appeal of the operation is the access to cheap wholesale electricity behind the grid. “The average consumer pays around 28 cents per kilowatt-hour, with what IOT are doing its pre-grid [price] is 8 cents and will be 5 cents at night time,” IOT said in a company statement to The Age.

Cheap electricity is great and all, but hopefully some serious thought will be put into the environmental impact of the enterprise. Blockchain mining requires an enormous amount of processing power, which could translate into real-world pollution with the utilisation coal power.

The Mountain West Is Experiencing A Second Gold Rush. This Time They’re Mining Bitcoin.

In January, an unknown company working in the blockchain space purchased 67,000 acres at the Tahoe-Reno Industrial Center in Nevada, right next to Tesla’s Gigafactory. At the end of February, a Utah-based company called Power Block Coin LLC announced a plan to invest $251 million over the next three years in Butte, Montana, to build a campus of mining data centers.

This Cryptocurrency Heater Earns Ethereum While Keeping Your House Warm

Keeping crypto mining rigs nice and cool is no joke. Heck, people will submerge the darn things in non-conductive fluids to keep the heat at bay. But what if you could use that heat to keep yourself warm during winter, while making a few bucks on the side? Say hello to the world’s first crypto heater, the QC-1.

Created by French firm Garnot and five years in the making, the QC-1 makes use of a “patented” design that removes the need for active cooling. Instead, the heater’s twin Sapphire Nitro+ Radeon RX580 GPUs dissipate heat via the QC-1’s aluminium housing, transforming it into a giant heatsink.