Italian Enel will not Supply Power to Miners

This week Enel was in talks to sell power from renewable energy plants to the Swiss cryptocurrency company Envion AG
02 February 2018   1042

Enel, one of the biggest electricity company in Europe, said it would not supply electricity to the energy-hungry industry of mining cryptocurrencies, adding it has “no interest whatsoever in selling power” for the purpose. The company said it had reached the decision after careful study and analysis.

This week the company was in talks to sell power from renewable energy plants to the Swiss cryptocurrency company Envion AG.

Enel has undertaken a clear path toward decarbonization and sustainable development and sees the intensive use of energy dedicated to cryptocurrency mining as an unsustainable practice that does not fit with the business model it is pursuing.

 

Enel statement

Enel, which owns a majority stake in Spanish utility Endesa, is one of Europe’s top renewable energy players and is focusing on green energy to help offset the crisis in traditional power generation.

We have recently reported that South Korean company Samsung Electronics started manufacturing ASIC hardware for cryptocurrency mining from January 2018.

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   111

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.