Mining farm causes fire in Novorossiysk

The fire outbreak was a result of pauseless mining
29 November 2017   447

Early in the morning of November 27 it was reported that one of the apartments in bedroom suburb of Novorossiysk in Russia was enveloped in flames. There was no loss of life or injured people but all the property of an owner was burnt away. It is said that vinyl windows of upstair neighbors were fire damaged and an apartment of downstairs neighbours was flooded  during the fire-fighting operation.

According to preliminary data, the main ignition cause was a short circuit. It was reported that there was an underground mining farm organized by the owner of the apartment. The long process of mining leads to the overload of electric current and heating of air. For this very reason the probability of fire hazard increases. 

Many officials put forward suggestions about banning of mining farms located at living quarters in Russia. The idea was supported by Ilya Massukh, the President of Information Democracy Development Foundation. 

Cheap Hydropower in Oregon Attracts Miners

During few months, a few bitcoin miners have been heading to regions in North America
23 February 2018   113

According to the local press, miners are starting operations in the area because of concentrations of cheap electricity.

In the state, there are roughly 12 more mining operations. For instance, in a small town called Dalles located the biggest mining operation in the state called Oregonmines, which is operated by Terrence Thurber. It is an industrial-sized operation with over 2,750 mining rigs in a warehouse with no windows. Robert McCullough of Portland General Electric (PGE) stated that more companies are on the way. He is not impressed by the mining movement in Oregon. In his opinion, Oregon may become the center of crypto-mining in the world.

We may find our burgeoning surplus of energy will make us quite a capital for useless servers solving useless puzzles. It’s not as if we have a huge amount of employment attached. It’s not as if you’re going to have a big staff and a lot of smart people working on it.

Robert McCullough

Portland General Electric consultant 

One of the biggest reasons miners are attracted to Oregon is because of the Columbia River hydropower system. The hydro-powered electricity costs 3 to 4 cents per kilowatt-hour. It is almost the lowest price in the U.S.

According to the Oregonmines founder, the location is also helpful because the facility is close to a major metro, and weather patterns are favorable.