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Analysts say newer products and high yield rewards are fuelling growth on the Fantom network. “Many projects like Radial, veDAO, and 0xDAO came up with liquidity mining launches that vampire attacked other protocols to gain TVL. These projects share a lot of resemblance to defi summer projects in 2020,” wrote
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With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced it’s stepping up efforts to ensure the nation’s energy system is well-protected from such consumers. Large-Scale Illegal Mining Operation Uncovered
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Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power
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Bitfarms, a bitcoin mining company, announced last week that construction is underway for a mega bitcoin mining farm in Argentina. The facility, which is designed to accommodate 55,000 miners, will be finished by next year. This is yet another signal that mining companies are looking for new areas with favorable
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Blockchain-based traceability in the food and agricultural supply chain can come in handy in combating counterfeit food products, and that’s especially true for premium tea products that are often dubbed the “green gold.” Earthling Superfoods, a Taiwanese food sustainability startup, today announced a partnership with Dancing Tea, an organic tea farm
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Rows of latest-model laptops, highly sought after by the gaming community, have been spotted in China being used to mine cryptocurrency.In tweets posted on Wednesday, images show a room filled with “several hundred” gaming laptops said to be kitted out with Nvidia RTX 30-series graphics processing units (GPUs). WCCTech, a
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A poorly organized cryptocurrency mining farm has caused a fire in an apartment in St. Petersburg, Russia, and injured the operator, according to a 78.ru report citing the Ministry of Emergencies.The resident of the seven-bedroom apartment had apparently failed to set up sufficient cooling for his equipment, and was hospitalized
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En+, one of the largest aluminium and power producers in the world, is venturing into crypto mining. En+ decided to enter the crypto space after some experimentation in the field, the firm’s chief financial officer, Mikhail Khardikov, told CryptoX via a spokesperson. Three years ago the company got mining firm BitRiver
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BitCluster, a cryptocurrency mining company in Russia, is setting up shop where few dare to wander.A new mining farm above the Arctic Circle, in the industrial area of Norilsk in the Taymyr Peninsula, will provide 11.2 megawatts of power for mining bitcoin. The farm will be working as a “mining
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