Siberia glassware factory to mine bitcoin

Largest manufacturer of glass in Russia is going to spend ₽11 mln to initiate the first stage
17 March 2018   1473

Glassware plant Ekran in Novosibirsk has announced its plans to take part in cryptocurrency activity and invest ₽11 mln into its own Bitcoin mining farm. Such decision was made due to the presence of surplus space and electricity resources. This situation became possible as several years ago Ekran industrial park was established around the factory's site, and the occupied territory in sum got enormous. And so, for instance main building of an unoccupied school that is within the plant's territory is set to be repurposed for housing all of the mining equipment.

We are going to build a farm that will be used for mining cryptocurrencies there. Already, we have spent about 11 million rubles on a phase of the project. The mining facility will become operational by year’s end if the board approves the project.

 

Pavel Boboshik

President of the board of directors, Ekran

The region of Siberia has a direct access to a profusion of energy resources that makes the electricity so cheap. The latter in turn makes the region a pretty attractive place for mining operations.

Bitmain to Release ZEC Antminer Z11

Bitmain claims the new miner is three times more powerful than its predecessor
19 March 2019   91

The largest manufacturer of equipment for the extraction of cryptocurrency Bitmain introduced the device Antminer Z11 for mining ZCash and other cryptocurrencies based on the Equihash algorithm. The company claims that the new miner is three times more powerful than its predecessor.

Antminer Z11 hash performance is 135 KSol / s. At the same time energy efficiency of the device reaches 10.50 J / KSol.

Note that the miner is based on a 12-nanometer chip, developed using Bare Die casting technology for best heat dissipation.