Coinmint opens Bitcoin Mining Complex in Upstate New York

Crypto mining firm Coinmint declared it is to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa in Massena (New York)
08 June 2018   1527

Coinmint received the approval in January of this year to found a Bitcoin mining farm in the 1,300-acre facility that was once an aluminum smelting plant in Massena, New York. Alcoa hold the plant before shuttering its operations in 2013. Then Alcoa had been looking for new renters for the facility.  Coinmint secured a 10-year lease agreement with Alcoa, plus an option to renew. As claimed by the company, in the next 18 months it will put up to $700 Million in the project. 

The 1300-acre, 435-megawatt site in Massena, New York, maintains the largest capacity from a digital currency data center in the world. In addition to the $50+ million USD of investment to date, the company will invest up to $700 million USD in its new site, creating an estimated 150 plus jobs over the next 18 months.
Coinmint,
Official Statement

Mining operations are already kept in the facility and will go on under the leading of a new Coinmint subsidiary, the North Country Data Center Corporation. The firm is aimed on investing about $700 million in repurposing the plant into one of the largest Bitcoin mining centers in the world. The 435-Megawatt complex is supposed to be accomplished in the next one year.

The area’s citizens and its hydroelectric power - a green alternative to the less sustainable energies used at other digital asset infrastructure data centers were the catalyst for our move and will be foundational assets for continued expansion. The reduced electricity costs will enable us to compete in the rapidly emerging digital currency global marketplace.
Kyle Carlton,
Spokesman, Coinmint

The BTC price has substantially decreased in 2018. Nevertheless, it seems miners aren’t scared off from continuing to mine this cryptocurrency. Actually, the price of BTC has fallen by more than 30 percent since the end of negotiations between Alcoa and Coinmint.

Hackers Suspected of €24M Worth Crypto Stolen Busted

Six men in UK and Netherlands used fake websites with "typos" to still users' assets
26 June 2019   103

Law enforcement authorities in the UK and the Netherlands arrested six people suspected of a series of theft of bitcoins totaling more than 24 million euros. Europol and Eurojust also participated in the operation.

The arrests were carried out simultaneously on Tuesday morning, June 25, in several cities in the UK, as well as in Amsterdam and Rotterdam, and were the result of an investigation that lasted 14 months. Among the detainees was one woman.

In their activities, the attackers used "tiepsquatting", they registered domain names similar to the addresses of cryptocurrency exchanges and companies.

The user who made a typo when entering the address, got on the fake site, visually indistinguishable from the original. If he tried to enter his personal account, the criminals gained access to his data.

According to law enforcement, the victims of the scheme were at least 4,000 users from 12 different countries, while their number, as suggested by Europol, may be even higher.

The exact amount of stolen bitcoins is not specified.

Earlier it became known that Europol is developing a computer game that will allow employees to train to track cryptocurrency transactions in criminal offenses.