Company Gets $500K to Open Mining Hub in Virginia Beach

Bcause LLC plans to add 100 new full-time jobs with average annual salaries of $60,000 with opening a headquarters in Virginia Beach
19 January 2018   1649

The Virginia Beach Development Authority announced on Thursday that it granted $500,000 to Bcause LLC, a company that provides a digital mining facilities along with spot market, to create a data center.

Bcause LLC will be also eligible to take advantage of the City's recently reduced business property tax rate for computers and peripherals used in data centers, which is now $0.40 per $100 of 40% of assessed value, the government stated.

Virginia Beach is again on the forefront of innovative technology, and we are extremely pleased that Bcause LLC will remain here. The cryptocurrency market is rapidly expanding, and we anticipate Bcause LLC will be at the forefront of this emerging financial system.

 

Warren D. Harris

Virginia Beach Economic Development Director

The company plans to add 100 new full-time jobs with average annual salaries of $60,000 with this expansion.

Recently, Bcause LLC stated that the company and its customers will make a $64.8 million capital investment for business property, digital mining equipment and construction. ​

Bitmain to Release ZEC Antminer Z11

Bitmain claims the new miner is three times more powerful than its predecessor
19 March 2019   91

The largest manufacturer of equipment for the extraction of cryptocurrency Bitmain introduced the device Antminer Z11 for mining ZCash and other cryptocurrencies based on the Equihash algorithm. The company claims that the new miner is three times more powerful than its predecessor.

Antminer Z11 hash performance is 135 KSol / s. At the same time energy efficiency of the device reaches 10.50 J / KSol.

Note that the miner is based on a 12-nanometer chip, developed using Bare Die casting technology for best heat dissipation.