Canadian Hive Blockchain expands their operation to Sweden

Hive is placing a $110M Bitcoin mining farms in Northern Swede
12 January 2018   1176

Hive Blockchain company was created in 2013 by Harry Pokrandt and Olivier Roussy Newton. The company's focus is, obviously, cryptocucrrency mining operations and blockchain development in collaboration with Genesis Mining and Fiore Group. Their current mining farms are located in Iceland. And now Candians plan to expand their mining operations to Sweden.

The reasons for choosing Sweden are pretty obvious to anyone who looks close enough. Cheap Swedish electricity is essential to make a higher profit and cold climate is a good bonus too, if you consider the cooling costs. But one of the main reasons lies in Swedish political climate. Rather liberal regulations allow for mining corp to expand their operations to be ten times bigger than current bitcoin mines located in Iceland. The favorable political situation is also a lot more interesting to investors and clients, who wouldn't have expressed the same interest if the farms were placed in China, for example.

Pokrandt also notes that now the timing is essential for mining. Right now the company is on the rise in stock exchange market, and have to ride the wave of their success, or be swiped under. So the Bitcoin ASICs will be delivered as soon as the construction of the data center is finished, and will be up and running shortly after that.

Amberdata to Study Abnormal ETH Miners Rewards

As reported, unknown person mixed up the “gas price” field and “transaction cost”, left the workplace, and the bot did not work correctly
21 February 2019   56

The research startup Amberdata analyzed the activity of the Ethereum network in the last 24 hours and, like the media, found five transactions with an abnormally high commission.

It turned out that all five transfers were made from one address. Within four hours, the owner of the address paid the miners about $ 583,976 for processing transactions.

Note that the commission for block # 7,238,290 in the amount of 2103,1485 ETH, which was received by the Sharkpool pool, is the largest in the history of the network. Nevertheless, representatives of the pool temporarily froze funds in case the owner of the address made a mistake.

Amberdata is convinced that an unknown person mixed up the “gas price” field and “transaction cost”, left the workplace, and then the bot did not work correctly.