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HIVE Blockchain Company has revealed some details of the agreement with the chip manufacturer Intel, who decided to master the mining industry. The Canadian miner will be one of the first buyers of these ASIC miners, who will mine Bitcoin on the farms of the Compute North data center located in Texas.
The prototype chip presented by Intel had poor performance compared to industry leaders, but HIVE Blockchain claims to receive equipment with the second version of the processor in the second half of 2022.
The contract with Compute North is for 100 MW. This will be the first BTC mining in the US, the main HIVE Blockchain mines are located in Canada near hydroelectric power plants. The Compute North Texas Center is also powered by green energy sources.
The problem of ecology is now in the first place among the miners of developed countries. The work of the Bitcoin PoW consensus consumes energy comparable to the consumption of developed countries, so the mining industry is one of the first to fall under the scope of environmentalists. Emissions neutrality ensures that the business does not close down in the future when the fight to reduce greenhouse gases intensifies.
BitNile solved the problem of zero emissions by signing an agreement with a nuclear power plant in Michigan. The mine will receive 300 MW of “clean” energy, which should be enough to accommodate more than 20,000 ASIC miners.
BitNile signed an agreement for their supply with Bitmain at the beginning of 2022 and will receive equipment for two years. Now the contract balance is 18190 ASIC miners and 300 devices are on the way. Regular deliveries will only begin in December due to the workload of Bitmain’s production lines.
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