China May Not Ban Mining

The NDRC which is responsible for developing the macroeconomic policies of China has not included mining in the final list of “undesirable industries”
06 November 2019   169

The National Development and Reform Commission of China (NDRC) has not included mining of bitcoin and other cryptocurrencies in the final list of “undesirable industries” that are subject to a ban in the country.

The NDRC is responsible for developing the macroeconomic policies of the Chinese government. The department periodically compiles a catalog of industries that should be encouraged, limited or eliminated in the country, adjusting the structure of the industry.

It is noteworthy that earlier in support of the development of mining in the Chinese province of Sichuan, where up to 70% of all bitcoins are mined, the former vice president of the China Securities Regulatory Commission spoke.

Northern Bitcoin to Built Giant Mining Farm in Texas

Work on the site near Rockdale began this month and involves three phases, the first phase is going to be completed in Q1 2020
20 November 2019   73

The German company Northern Bitcoin has signed a merger agreement with the American company Whinstone US, which is building a 1 GW data center in Texas for the extraction of bitcoin.

Work on the site near Rockdale began this month and involves three phases. It is assumed that the first of them will be completed in the first quarter of 2020 and the capacity of the bitcoin farm will be 300 MW.

According to the plans, the data center will reach its maximum capacity of 1 GW at the end of the last stage at the end of next year. After completion of construction, the facility will occupy an area of ​​more than 40 hectares, which is equivalent to 57 football fields.

The data center will be the largest in North America. In addition to mining Bitcoin, its power is planned to be used for rendering video and artificial intelligence applications.

The companies intend to complete the merger at the beginning of 2020. Part of Whinstone's management will join Northern Bitcoin's management.