Global Crypto Mining News ( Aug 9 to Aug 16)
Colin Wu . 2021-10-22 . Mining

Breaking news

1.Mawson’s purchase of 17352 Avalon mining machines is expected to increase 1.5eh computing power

Mawson Infrastructure Group, a digital infrastructure provider with diversified businesses in bitcoin mining and digital asset management, announced that it had purchased another 17352 Canaan’s latest generation ASIC bitcoin mining machines, adding over 1.5EH to Mawson’s existing operations.They will be deployed in the United States and Australia in 2021 and 2022.

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2、DCG Barry: Foundry ore pool in the United States has ranked first in computing power

Wublockchain learned that according to the screenshot of DCG founder Barry twitter, the foundry mine pool from the United States has ranked first in the world (computing power). However, according to btc.com, oklink, miningpoolstats and other data, foundry still temporarily ranks seventh with the real-time computing power of 9.95EH. However, in oklink’s total number of blocks excavated in 24 hours, foundry ranks second, and the first is the unknown ore pool. Therefore, Barry may have cited similar data.

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Other news

1. Bitcoin Mining Company CleanSpark Acquires Second Data Center

Cleanspark acquired the second data center in Georgia for $6.6 million. The acquisition will provide 20 MW of additional power, enough to install 6000 additional S19 mining machines. The production is expected to exceed 650 PH / s.

According to cleanspark, the center is expected to be fully operational by the end of 2021. The facility is part of Georgia’s simple solar program, which allows cleanspark to offset any carbon based energy contained in its energy portfolio with solar energy.

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2、HIVE Blockchain orders 1,800 more bitcoin miners

On August 13 publicly traded HIVE Blockchain announced that it has ordered 1,800 new bitcoin miners from Bitmain Technologies. The deal is the first to emerge from HIVE’s new partnership with Bitmain. The machines will be delivered in 2022 in 6 tranches of 300 miners each.

Bitmain enables us to maintain our strategy to diversify the manufacturers we purchase from. Over the past year, we have been expressing our concerns about global shortages in chips and logistics delays in shipping equipment from Asia due to Covid 19. We have deep relationships with Bitmain, MicroBT and Canaan which are all top global manufacturers in our industry.”

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3、Bitcoin generated nearly $3 billion for miners in April

ETC Group said Bitcoin generated nearly $3 billion in revenue for Bitcoin miners in April despite price fluctuations and a crackdown from China. Total transaction fees paid to miners increased more than 750% year over year with $416.6 million paid out in Q2 2021, compared to the $48.5 million paid out in the second quarter last year.

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4、Elite Mining Inc. Reaches Partnership Agreement to Power Bitcoin Miners

Elite mining Inc. (EMI) announced on August 13 that it had signed an agreement with AXP Energy Limited headquartered in Australia and the United States to establish local power generation for the large and growing cryptocurrency mining industry in the United States.

Elite mining Inc. uses immersive technology and the lowest 2% renewable energy cost in the United States to acquire, install and maintain mining hardware for mining digital currency.The cooperation between EMI and AXP enables it to meet the huge demand for 0.0397 cent immersive hosting.

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5、Powerbridge (PBTS) expands its blockchain business to engage in cryptocurrency mining

Powerbridge plans to invest in and engage in cryptocurrency mining bitcoin (BTC) and Ethereum (ETH), and plans to operate worldwide.The company has formed a team composed of senior people in the cryptocurrency and technology industry to support the development and growth of its digital asset business.

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6、Riot Blockchain Forecasts 7.7 EH/s by Q4 2022

Riot Blockchain forecasts that its new facility at Rockdale, Texas will lift its hash rate capacity to 7.7 EH/s by the fourth quarter of next year.By early September, the company said it expects to have a total of 25,946 Antminers in operation, providing an estimated hash rate capacity of 2.6 EH/s, according an announcement Tuesday.

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Non POW news

1. Helium, a decentralized wireless communication network, announced the completion of US $111 million token financing, led by a16z.

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2. The Epik main network was officially launched (UTC + 08:00). The mining of the test network has been stopped, the seed nodes of the main network have been deployed, and the exchange service between erc20-epk and the main network EPK has been started. Synchronously, the code on GitHub has been updated and the miner has to recompile the code. Other updated contents include blockchain browser, main network wallet, etc.

Epik is committed to integrating IPFs storage technology, token incentive mechanism and Dao governance model in the field of encryption into the field of AI to realize the construction of human knowledge map. At the beginning of May, it was announced to complete a round of institutional financing of US $5 million. The participating institutions include GSR matrix Fund (Jinshajiang digital Fund), chainup capital, spring Fund (1475), consensus lab, Arcanum capital, K24 ventures, redblock, catchervc and 7 o’clock capital.

3. On August 12, the main network of Crust, the leading project of Boca decentralization, entered the open access stage, and now open nodes have joined.

4. Cloud computing platform 4EVERLAND completed a seed round of financing of US $1.5 million, and distributed Filecoin fund, FBG capital, Bixin ventures, mint ventures and random number capital participated in this round of financing.

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