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Bitcoin lending platform BlockFi is now hosting bitcoin mining operations with Blockstream Mining. Bitcoin lending platform BlockFi is now hosting bitcoin mining operations with Blockstream Mining, with plans to deploy miners at Blockstream’s facility in Adel, Georgia. “As BlockFi looks to expand our offerings to the mining community and accumulate bitcoin on our balance sheet, mining directly to support the Bitcoin network provides a means to vertically integrate our supply chain while diversifying our revenue streams,” Joe Chu, the director of principal credit and mining at BlockFi, s...

New York bill could halt digital currency mining pending environmental impact assessment Tech A new bill presented in New York could effectively implement a moratorium on block reward mining in the state until authorities have the chance to understand the environmental impacts. Introduced by Senator Kevin Parker, New York Senate Bill 6486 has now been referred to the Environmental Conservation Committee for further consideration. Under the terms proposed in the legislation, block reward mining firms would be subject to a three-year moratorium on mining, allowing the state to carry out...

After hiatus, Valatie hydroelectric plant is back on line Plant was purchased to mine cryptocurrency but that didn't happen FacebookTwitterEmail The Valatie Falls hydroelectricity plant is back on line in 2021.Valatie Falls Hydro VALATIE - Following a nearly three-year hiatus, the Valatie Falls Hydro power plant last week started once again generating electricity. “The plant was closed for almost three years,” said John Doran, who purchased the facility from a company that had planned to use the plant to generate power for a cryptocurrency mining operation but never did. Doran operates Pl...