MiningMagnus Sandqvist

Bitmain’s US Cryptocurrency Mining Operation Receives Clearance
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Bitmain’s US Cryptocurrency Mining Operation Receives Clearance
 Bitmain has applied to lease land in rural Washington, in an effort to set up a mining operation on the US mainland. The Chinese mining giant is reportedly interested in access to the cheap hydroelectric power available in the state – however, some residents are expressing concerns regarding the massive amounts of electricity needed for large-scale cryptocurrency mining. Bitmain’s application comes through its ”Ant Creek” subsidiary. The Port of Walla…
Bitmain Begins Preorders for Ethereum ASIC Miners
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Bitmain Begins Preorders for Ethereum ASIC Miners
 Bitmain is taking it up a notch in cryptocurrency mining, with the first ASIC miners being introduced into the market. Bitmain has been a sheer driving force, bringing in a competitive edge to cryptocurrency mining against its competitors, such as Nvidia. Bitmain, the Chinese manufacturer that specializes in cryptocurrency mining chips, will start to ship the Antminer E3 in July. This will add to the already successful portfolio of Bitmain.…
Korean Workers Illegally Siphoned Electricity from Factories to Mine Crypto
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Korean Workers Illegally Siphoned Electricity from Factories to Mine Crypto
 Korean Workers Illegally Siphoned Electricity from Factories to Mine Crypto Escaping the sizable electric charges related to cryptocurrency mining has proved to hold a lasting appeal, even after authorities have cracked down on multiple individuals and organizations trying to illegally access electricity all around the world. The latest of these incidents took place in South Korea, where 14 people from 13 different companies were recently arrested for illegally accessing cheap electricity, intended for industrial use, and using it…
Nvidia Realizes the Importance of Cryptocurrency
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Nvidia Realizes the Importance of Cryptocurrency
 Nvidia, the American technology company, has been designing graphics processing units (GPUs) for gaming and professional markets. What has made Nvidia even more special is the way it’s perfect for mining cryptocurrencies. Nvidia’s technological advancements in terms of supercomputing are ideal for mining cryptocurrencies. The plus point of Nvidia being a reputable brand that is very safe puts it on the top of the list of hardware required for cryptocurrency…