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New Siberian Bitcoin mining center set to provide 100 jobs to locals

This post was originally published on this siteThis post was originally published on this site The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facility will become home to a number of hi-tech activities, including a Bitcoin (BTC) mining operation. The facility will be built by BitRiver […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

New Siberian Bitcoin mining center set to provide 100 jobs to locals

New Siberian Bitcoin mining center set to provide 100 jobs to locals submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

New Siberian Bitcoin mining center set to provide 100 jobs to locals

New Siberian Bitcoin mining center set to provide 100 jobs to locals submitted by a36 to AllThingsCrypto [link] [comments]

New Siberian Bitcoin mining center set to provide 100 jobs to locals.

New Siberian Bitcoin mining center set to provide 100 jobs to locals.


13.6 acres of cold and barren land in Siberia will be put to good use with the support of international investors.

The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facility will become home to a number of hi-tech activities, including a Bitcoin (BTC) mining operation.

The facility will be built by BitRiver and is expected to create up to 100 local jobs. It will be equipped with the latest generation of ASIC miners and will take about a year to complete. In addition to cryptocurrency mining, the facility will be used for Big Data and the Internet of Things. The required investment is estimated at 691 million rubles or $0.9 million, to be provided by investors from the U.S.A., China, and Japan.

Siberia is one of the more attractive places in the world for Bitcoin mining. Its abundance of natural resources translates into low electricity prices, and its cold climate means that the miners do not have to spend as much energy on cooling. Is proximity to China, the main producer of mining equipment, should also make the outfit's supply chain more efficient.

It is possible that these advantages will be negated by the legal uncertainty surrounding the regulation of crypto mining in the region, however.

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Aluminum Plant Gone Bitcoin Mining Center: Bitriver Deemed the Largest Data Center in Russia

Aluminum Plant Gone Bitcoin Mining Center: Bitriver Deemed the Largest Data Center in Russia

This news comes from https://bitcoinexchangeguide.com/
City of Bratsk in Russia is home to one of the biggest bitcoin mining facilities in the world and has attracted clients globally as Bitriver turns water into electricity to mine cryptos.
Opened a year ago, Bitriver is recognized as one of the largest Bitcoin mining facilities in Russia. As per news outlet, Bloomberg, the data center has garnered the attention of many countries to date, including the likes of the U.S., Japan, and China among others.
Once an aluminum plant in Bratsk, Oleg Deripaska and team decided the location was ideal for bitcoin mining some five years ago. Why? The first argument made is the existence of a hydropower plant nearby and the second simply rests in the Siberian weather. This region is specifically known for its long and cold winters and preferred low temperatures for such activities.
Upon making the decision, the implementation came to life with local energy firm, En+ having partnered with them. Given that the latter focuses on the aforementioned hydroelectric power, it naturally made sense to come together to sell its services.
That said, Bitriver isn’t in the business of bitcoin mining, but instead offers technical services, cheap electricity, and equipment to those who are in the business. As per the report, En+ equips Bitriver with up to 100 megawatts yearly so that the latter can diversify its clientele.
Bitriver Only Makes up a Fraction of All Power Consumed
As per Bitcoinist, Bitriver is still small despite being a big shot in Russia. This is stated when comparing Bitriver’s 100 megawatts of power per year to the entirety of the Bitcoin network’s 73 terawatts annually. En+ supposedly produces 22.5 TW/h, however, it isn’t all consumed for bitcoin (but instead for other industrial purposes).
This could potentially change as we watch the crypto market unfold some more. Russia is allegedly on the list of top ten countries with the most bitcoin mining nodes in the world (243 nodes to date), which goes to show how far we’ve come since Bitcoin’s existence.
While mining has witnessed a downfall since the earlier times, not to mention the recent drop in Bitcoin’s price, miners are anticipating big things for the soon-approaching halving event and thus are continuing their activities at full force. Coin Telegraph referenced Alistair Milne, who expounded on the increase in network hash rate and mentioned:“They are acutely aware of the upcoming halving and are apparently unphased by the recent dip.”
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Aluminum Plant Gone Bitcoin Mining Center: Bitriver Deemed the Largest Data Center in Russia

Aluminum Plant Gone Bitcoin Mining Center: Bitriver Deemed the Largest Data Center in Russia submitted by Moustache_Group to ZEUSMINING [link] [comments]

Green Bitcoin Mining Centers To Be Launched In Paraguay By Bitfury

Green Bitcoin Mining Centers To Be Launched In Paraguay By Bitfury submitted by meganhicks to CryptoMarkets [link] [comments]

Bitmain Opens 50 MW Bitcoin Mining Center in Texas

Bitmain Opens 50 MW Bitcoin Mining Center in Texas submitted by n4bb to CoinPath [link] [comments]

Bitmain Opens 50 MW Bitcoin Mining Center in Texas

Bitmain Opens 50 MW Bitcoin Mining Center in Texas submitted by ThrillerPodcast to thrillerpodcast [link] [comments]

Altcoin News: Blockstream Has Opened Large Bitcoin Mining Centers and Attracted Fidelity as a Client

Altcoin News: Blockstream Has Opened Large Bitcoin Mining Centers and Attracted Fidelity as a Client submitted by Altcoin-Magazine to CryptoCurrencies [link] [comments]

Blockstream takes on Bitmain with new Bitcoin mining centers (and it’s already getting flak)

Blockstream takes on Bitmain with new Bitcoin mining centers (and it’s already getting flak) submitted by HardAzRockz to TopTechNews [link] [comments]

Altcoin News: Blockstream Has Opened Large Bitcoin Mining Centers and Attracted Fidelity as a Client

Altcoin News: Blockstream Has Opened Large Bitcoin Mining Centers and Attracted Fidelity as a Client submitted by Altcoin-Magazine to Crypto_Currency_News [link] [comments]

Blockstream takes on Bitmain with new Bitcoin mining centers (and it’s already getting flak)

Blockstream takes on Bitmain with new Bitcoin mining centers (and it’s already getting flak) submitted by leftok to atbitcoin [link] [comments]

Altcoin News: Blockstream Has Opened Large Bitcoin Mining Centers and Attracted Fidelity as a Client

submitted by cryptoallbot to cryptoall [link] [comments]

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center submitted by cphiecekslee to btc [link] [comments]

Green Bitcoin Mining Centers To Be Launched In Paraguay By Bitfury

Green Bitcoin Mining Centers To Be Launched In Paraguay By Bitfury submitted by meganhicks to BitcoinMining [link] [comments]

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center submitted by remivee to tribetica [link] [comments]

Bitfury Partners to Launch Bitcoin Mining Centers in Paraguay - CoinDesk

Bitfury Partners to Launch Bitcoin Mining Centers in Paraguay - CoinDesk submitted by Bitcoin_21 to Bitcoin [link] [comments]

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center - Nasdaq

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center - Nasdaq submitted by ulros to fbitcoin [link] [comments]

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center

Belarus Could Get a Nuclear-Powered Bitcoin Mining Center submitted by ulros to fbitcoin [link] [comments]

Bitfury to Launch Bitcoin Mining Centers in Paraguay With New Partnership

Bitfury to Launch Bitcoin Mining Centers in Paraguay With New Partnership submitted by Ranzware to BitNewsLive [link] [comments]

Bitfury Partners to Launch Bitcoin Mining Centers in Paraguay

Bitfury Partners to Launch Bitcoin Mining Centers in Paraguay submitted by ulros to fbitcoin [link] [comments]

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Inside a Bitcoin mine that earns $70K a day - YouTube

NewsBTC TV takes a sneak-peak into a fully-functional crypto mining facility located at the heart of India. Taking us on a tour is Anuj Bairathi, the CEO of ... The governor of the Republic of Buryatia, Russia signed a decree allowing for the construction of a 13.6 acre data center in Southeastern Siberia. The facili... Официальный Канал Мониторинга Актуальных Инвестиционных Проектов! BitcoinCloudMining.Center Узнайте как Добыть ... New Free Bitcoin Cloud Mining Site 2020 + Payment Proof - Without Investment Earn FREE Bitcoin - Duration: 14:17. CRYPTO SOLUTION 2,828 views Start mining Bitcoin today: https://pool.bitcoin.com Video: Inside America’s largest Bitcoin mining operation http://bitshare.cm/news/inside-americas-largest...

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