Alibaba May Launch Mining Platform

Mining may be included in the functionality of the main Alibaba platform in the future
17 January 2018   288

Chinese giant of Internet commerce Alibaba Group has launched a platform for the mining of cryptocurrency. This is reported by CCN with reference to unconfirmed information from local media.

As noted by the Tencent News, on October 10, Alibaba registered a platform based in China's Nanjing called P2P Nodes.

Alibaba has recently launched a virtual currency mining platform “P2P node”, from the terms of the service agreement terms platform, the main operating platform is Alibaba East China Ltd.
 

Tencent News

The new initiative of the world-famous conglomerate was also reported by the traditional supplier of insider information from China cnLedger. But in few hours, they posted another message.

In a separate message Tencent indicated that the operations on the platform will be carried out in favor of "third parties". Presumably, this means that Alibaba will provide customers with a cloud-based service, allowing them to rent the company's hash capacity.

A local source also says that Alibaba is "extremely circumspect" regarding the new project. So, the clients of the platform will be able to widthraw only fiat money using the Alipay service. At the same time, according to the conditions of using the service, the ability to output crypto currency directly is inaccessible.

It is worth noting that recently the founder of Alibaba, Jack Ma, stated that his company would not engage in activities related to crypto-currencies.

FCC Demanded a Miner to Turn Off his Mining Hardware

The FCC concluded that the mining rig was generating spurious emissions and causing harmful interference on T-Mobile’s broadband network
21 February 2018   70

According to the U.S. Federal Communications Commission (FCC) notification, it has received a complaint from T-Mobile with regards to “interference to its 700 MHz LTE network in Brooklyn, New York” during last year. The commission’s agents confirmed that the “radio emissions in the 700 MHz band were emanating from…an antminer s5 bitcoin miner.”

In the notification, the FCC states that ‘the device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference”.

The commission issued a warning to the owner of the mining hardware Victor Rosario. He was not allowed to continue the operation of the device because it caused harmful interference. A violation of the Federal laws cited above and could subject the operator to severe penalties, including, but not limited to, substantial monetary fines, in rem arrest action to seize the offending radio equipment, and criminal sanctions including imprisonment.

According to the FCC, it has not made a determination as to whether or not other Antminer S5s produce disruptive emissions in the 700 MHz band. It also emphasizes that it does not wish to suggest that all Antminer S5 devices are noncompliant but it aware that devices can be modified in a manner that creates harmful interference.