RUSAL and AA! LAB will build mining farm

It will be located in Karelia by on the basis of aluminum plant
01 December 2017   2638

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.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   94

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.