01/02/19 05:00 UTC-5

Bitfury will open a mining center in Paraguay

The Bitfury miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
company published a press release announcing the opening of several new offices in Paraguay, as reported by CoinTelegraph news agency.

Information on the opening of new mining centers was published on January 31st. The exact opening date is still unknown. Bitfury also said in a press release that the mining company had entered into a partnership agreement with Commons Foundation, a South Korean research firm.

Interesting in the section: Crypto Mining "Farms"


Bitfury mining centers in Paraguay

The mining centers project is part of a wider Commons initiative called the Golden Goose. The main goal of the project is to "expand cryptocurrency and blockchain-innovations in Spanish-speaking countries," according to a press release.

According to Bitfury, cryptocurrency "farms" in Paraguay will occupy about 200,000 square meters, while the electricity will be provided by a 500 MW substation. In a press release, Bitfury also claims that all the energy for mining centers will be generated by the Itaipu hydropower station.

Interesting in the section: World Mining: overview of the Cloud-Mining Service

Recall that Bitfury is a diversified Chinese blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
company. It is one of the largest mining companies that operate outside of China. Bitfury's job profiles: industrial mining, software and hardware development for working with the Bitcoin blockchain.

Bitfury Mining company announced the opening of mining centers in Paraguay. In addition, back in November 2018, Bitfury entered into partnerships with the Plekhanov Russian University of Economics to develop a blockchain course for young professionals.

Editor: Yuliya Soroka

See also: "UMC chip manufacturing company reported fourth quarter losses"

#cryptocurrency #mining #Bitfury #mining #China #Paraguay #Commons #Itaipu



20/02/19 06:28 UTC-5

Mining: Hashflare service failure

​On the morning of February 20, the site of the Hashflare service stopped responding and resumed work only for the dinner of the same day. Reasons for missing access to the site are not yet known.

19/02/19 05:00 UTC-5

Difficult times for Bitmain: new loss information

​Representatives of the Bitmain cryptocurrency company reported that in the third quarter of 2018 they lost more than $ 500 million due to the fall in the crypto-market and active sales of digital assets, as reported by Coin Desk.

Hypes, funds, fiat money