NiceHash promises refund

A group of international investors will help NiceHash to refund stolen fund
21 December 2017   631

Service for cloud-based mining NiceHash resumes work and promises to recover the stolen funds from hackers. 

Additionally, on 20th of December, users of the platform received coresponding email message.

NiceHash email
NiceHash email

NiceHash reports on the restoration of access to its service and preparation for compensation for damage suffered by users as a result of a hacker attack that occurred on December 6.

It is expected that the funds will be credited before January 31, 2018. An international group of investors will help NiceHash. In the near future, the project team intends to address legal issues.

As a result of the hacking attack, 4,700 BTC or about $ 80 million were stolen at the current exchange rate.

Mining Companies Approached Quebec

Miners are hoping to take advantage of Canadian electric utility Hydro-Quebec cheap rates
17 February 2018   142

During an interview with CTV News Montreal, spokesman Marc-Antoine Pouliot told that more than 100 crypto mining companies approached Hydro-Quebec. Few of them have already settled there.

According to Pouliot, some farms would consume more than 20x the power required for Montreal's sports and entertainment complex, The Bell Centre.

One project like that isn't a problem, but now we're talking hundreds.

Marc-Antoine Pouliot

Spokesman

Hydro-Quebec is attracting mining companies to the province with its low rates, but the cheap energy and cold weather - ideal for keeping mining machines cool.

Pouliot stated that Hydro-Quebec has a surplus of energy, which makes miners interesting clients. Taking this into account, Hydro-Quebec may raise energy rates for crypto businesses.