Norway to Deprive Miners of Electricity Concessions

Northern Bitcoin reports the cost of mining one bitcoin in Norway is about $ 7,700
22 November 2018   557

In the state budget of Norway for the next year there are no special preferential conditions for the mining industry. So, from January 2019, the miners will be forced to pay at standard rates, reports Forbes, citing local sources.

If now the price of a kilowatt for miners is about $ 0.05, then in January it will increase to $ 1.94. Northern Bitcoin reports the cost of mining one bitcoin in Norway is about $ 7,700. In China, for example, this figure is significantly lower - $ 3,100.

Norway can not continue to provide huge tax incentives for the most dirty form of cryptographic output as bitcoin. It requires a lot of energy and generates large greenhouse gas emissions globally.
 

Lars Haltbrekken

Parliamentary representative, Norway

Earlier, mining enterprises in the Chinese provinces of Xinjiang and Guizhou suspended their work at the time of the tax audit, and the network hashrate fell by almost 20%.

Sapphire to Unveil Radeon RX 570 Nitro+

New GPU with 16 GDDR5 is specially designed for Grin mining
17 January 2019   112

Sapphire Technology has announced plans to release a new Radeon RX 570 Nitro + video card, equipped with 16 GB of GDDR5 memory. As reported by TechPowerApp, it is designed for Grin cryptocurrency mining.

Grin is based on the MimbleWimble protocol and the Cuckoo Cycle PoW hashing algorithm, which can load up to 11 GB of video memory, which explains the non-standard characteristics of the new graphics card.

The video card is made in the traditional Nitro + design with a dual-fan cooler and uses sixteen GDDR5 memory chips.

The cost of the Radeon RX 570 Nitro + has not yet been named, but Sapphire promises that it will be sold at the price of "one third of the cost of competing cards at 16 GB."

Aday after the launch of the main cryptocurrency network, Grin is mined by at least 88,000 graphics processors. Grin hash rate is 285.6K graphs / s.

Radeon RX 570 Nitro+
Radeon RX 570 Nitro+

In June 2017, Sapphire introduced a line of Mining Edition boards of five models, made on the basis of Sapphire Radeon RX 470 and Sapphire Radeon RX 560. The memory capacity of video cards ranged from 4 to 8 GB.