RUSAL and AA! LAB will build mining farm

It will be located in Karelia by on the basis of aluminum plant
01 December 2017   2275

The United Company RUSAL, the largest aluminum producer outside of China, has established cooperation with the cryptocurrency miner to revive the full-fledged work of one of its aluminum plants in the north of Russia.

RUSAL will build a data center at its Nadvoitsy plant, which will charge for the provision of IT services, such as personal data analysis and technical training. Bulgarian company AA! LAB is working on creating a production capacity for the development of cryptocurrency systems and is the first partner in this project.

The data center will bring a new income to the metallurgical plant, which uses only half of its capacity. The cold climate allows you to use less electricity to keep machinery in good condition. IT companies will also have access to cheap electricity from the nearby En + Group hydropower plant, which serves the plant.

At the first stage, the data center will be equipped with 5000 computational units, servers and workstations, the estimated power consumption of this equipment will be 6 megawatts of energy. The manufacturer also allocated about 12 acres of free space in the territory for future data center needs.

Chinese Miners to be Driving Force of Bear Market

Miners are playing short in order to get some profit
07 December 2018   101

As the 8btc notes, the new generation of miners are less likely to keep mined coins, preferring to hedge price risks by opening short positions.

To survive the notorious “cryptocurrency winter”, miners increasingly have to become experts of the financial market and risk managers, using the maximum functionality of trading platforms. Short positions sometimes harm the miners themselves, struggling to maintain profitability.

Everyone is short-seller, we do this for self-defense but that will lead to a further decline in cryptocurrency price… Without short selling, we will be eliminated ultimately, but if everybody keeps doing this, we will finally die together, which is quite heroic.


Miner, China

As noted by jin, he mines cryptocurrency partly on video cards. Miner began operations in October 2017. According to him, in the first two months, Jin Xin earned more than in the past three years in other areas of activity.

However, this year the situation has changed dramatically and the miner had to develop his own strategy for surviving in a bear market. To build capacity, he bought cheaply used GPU farms from those who wished to quit the game. Immediately after the price fell below the break-even point, Jin turned off the farm and sold the video card to video game lovers. After waiting for some price recovery, he again bought up video cards in the secondary market and sold them to miners.