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Groups plan rally at DEC Headquarters over Greenridge Air Permit renewals - Vimarsana News

Groups plan rally at DEC Headquarters over Greenridge Air Permit renewals

Fingerlakes1.com Menu Have a tip for the newsroom, press release, local event listing or digital content to share? Send it here. Support our mission by visiting patreon.com/fl1 and becoming a monthly subscriber. Local business owners, residents, and environmental advocates are planning a rally outside of the DEC’s Region 8 Headquarters in Avon on Saturday to call on the state agency to reject Greenridge’s Title Five Air Permit, which is up for renewal. If renewed, it will allow Greenridge’s Cryptocurrency Mining operations happening along Seneca Lake to continue. The rally is set to sta...

Why China Is Cracking Down on Bitcoin Mining and What It Could Mean for Other Countries - Vimarsana News

Why China Is Cracking Down on Bitcoin Mining and What It Could Mean for Other Countries

The annual spring rains bring many changes to southwestern China’s Sichuan province. The rainfall also brings trucks stacked with computers to hydropower dams, where entrepreneurs can tap cheap electricity for mining bitcoin—the arcane process that accumulates the cryptocurrency using huge amounts of computing power to solve equations. “We’re like bees chasing flowers,” Tang Wanlong, chairman of bitcoin mining company Sichuan Duo Technology Co. Ltd, told TIME from his penthouse office in Sichuan province capital Chengdu last month.

Source: yahoo.com
Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO - Vimarsana News

Chinese Crypto Mining is Economically Efficient, Argues Canaan CEO

Chinese crypto mining equipment producer Canaan is arguing against the indiscriminate crackdown on cryptocurrency mining in China, citing mining’s economic efficiency.

Source: yahoo.com
Chia, Bitcoin's 'Green' Rival, is Said to Be Causing Hard Drive Shortages in Asian Markets - Vimarsana News

Chia, Bitcoin's 'Green' Rival, is Said to Be Causing Hard Drive Shortages in Asian Markets

Chia, considered to be a 'green' alternative to Bitcoin, and whose mining requires more storage space than processing power, is now said to be causing a shortage of hard drives in Asia.

Source: ndtv.com
BIT Mining Limited [BTCM] moved down -9.07: Why It's Important - Vimarsana News

BIT Mining Limited [BTCM] moved down -9.07: Why It's Important

Misty Lee October 9, 2020 BIT Mining Limited [NYSE: BTCM] slipped around -0.79 points on Friday, while shares priced at $7.92 at the close of the session, down -9.07%. The company report on May 24, 2021 that BIT Mining Limited to Invest in Cryptocurrency Mining in Kazakhstan. BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining enterprise, announced that it has entered into a binding investment term sheet (the “Term Sheet”) with a Kazakhstan-based company (“Local Partner”) to jointly invest in a cryptocurrency mining data c...