FCC Demanded a Miner to Turn Off his Mining Hardware

The FCC concluded that the mining rig was generating spurious emissions and causing harmful interference on T-Mobile’s broadband network
21 February 2018   263

According to the U.S. Federal Communications Commission (FCC) notification, it has received a complaint from T-Mobile with regards to “interference to its 700 MHz LTE network in Brooklyn, New York” during last year. The commission’s agents confirmed that the “radio emissions in the 700 MHz band were emanating from…an antminer s5 bitcoin miner.”

In the notification, the FCC states that ‘the device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference”.

The commission issued a warning to the owner of the mining hardware Victor Rosario. He was not allowed to continue the operation of the device because it caused harmful interference. A violation of the Federal laws cited above and could subject the operator to severe penalties, including, but not limited to, substantial monetary fines, in rem arrest action to seize the offending radio equipment, and criminal sanctions including imprisonment.

According to the FCC, it has not made a determination as to whether or not other Antminer S5s produce disruptive emissions in the 700 MHz band. It also emphasizes that it does not wish to suggest that all Antminer S5 devices are noncompliant but it aware that devices can be modified in a manner that creates harmful interference.

Largest mining farm to be built in the UK

The well-known UK tech company Bladetec is building the first large Bitcoin mining farm in Europe
20 March 2018   177

Bladetec had already got an experience in IT support for NATO and the Ministry of Defence of the UK in the past. Today its idea is funded by investors in a limited company which is protected by UK law.

The facility - Third Bladetec Bitcoin Mining Company (TBBMC), situated on the Southeast of the country, is going to cover 3,500 square feet in three different places: in London, Suffolk and Surrey.

Today the company is raising £10 million from investors for building and operating the farm for up 2 years. The farm will become global and significant, also it is supposed to be introduced in the world`s top 25 and produce considerable return for shareholders (as a result of its dominant position).

The minimum investment to TBBMC project set by the company is £ 5,000 from each applicant. The project allows the capital growth up to even 45 % within a period of 2-3 years. The returns for the shareholders at that stage would be based on the Bitcoins sales`proceeds and the ASIC machines. If the price of Bitcoin does drop by 40 %, an investor may lose 22 % of his capital.

The company declared that it is going to mine 1,280 bitcoins within a period of two years. Nowadays it's difficult to predict how much those Bitcoins may be worth in two years. According to current prices, they will be valued at £ 7,8 million. But the situation may probably change before 2021. As for the raised funds, they would mostly be spent on the energy costs, despite the low energy bills' agreement between Bladetec company and the intended wind farm.

Bitcoin mining is more popular in the countries where the weather is cold (such as Iceland and China). The government of Iceland can implement a tax on mining because of the energy consumption. Chinese authorities insists on the ending of the cryptocurrency trading and mining in the country.