Bitcoin Miners Are Heading to Wenatchee

Wenatchee, Washington is famous for its vast hydropower potential
15 February 2018   1727

Locally called the ‘Buckle of the Power Belt’ state’s Columbia River- fueled dams are famous for their hydroelectric power, which produces cheap energy rates. This feature attracts people who are interested in mining coins. More than that Wenatchee is interested miners to be home to Dell, Yahoo and Microsoft data-storage facilities.

In Wenatchee fetch rates as low as $0.02 to $0.03 per kW hour. This is very attractive because typically mining runs 24/7, which requires intense cooling systems to prevent the servers from overheating. It involves consumption of enormous amounts of power.

According to Wenatchee, Wash. Mayor Frank Kuntz, at the moment UPS or FedEx are delivering a whole bunch of bitcoin mining machines. This may require more electricity infrastructure in the region.

At the moment, officials are discussing US infrastructure reform, but without an overhaul of the electrical grid, the demand could overwhelm the power systems, leading to power outages.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   114

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.