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by Tyler Durden After the Chinese government banned cryptocurrency mining in last month, hundreds of fellow miners gathered in a luxury hotel in Western China to discuss their next steps; specifically - where to find abundant, reliable, and cheap electricity to power their sprawling operations, according to Bloomberg. The miners sat in rows of white chairs in a hall at the Gran Melia Chengdu Hotel and listened intently to the executives at Bitmain Technologies Ltd., the world’s largest mining-equipment maker. In between presentations about Texas energy fundamentals and crypto mining in Kazakhstan, the attendees nibbled cupcakes, drank cocktails and discussed the dismal outlook for their local industry. ....
Bitcoin Miners Navigate Wild And Extreme World Of Power Hunting A Bitcoin mining rig is usually made up of thousands of computers, specially built to run the complex calculations that maintain the cryptocurrency s network Updated: July 14, 2021 9:35 am IST Miners also want confidence they won t wake up to news that their business has been outlawed again One weekend in late June, hundreds of gloomy Bitcoin miners crowded into a luxury hotel in Western China. They had a big problem: Just weeks earlier, the Chinese government banned cryptocurrency mining over concerns about illicit coal mining and underlying financial risks. Now they had to figure out how to move millions of computers out of the country. ....
Bitcoin Miners Navigate Extreme World of Crypto Power-Hunting bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Wednesday, April 21, 2021 Print I started this writing with intense input on the proposed moratorium on building permits for large projects and the arguments against the Jones Library project, but I deleted that version for two reasons. First, my office, the Chamber, and several people who have publicly opposed the moratorium and the “Save the Jones” groups have been attacked to the point where one commentator was forced to block a moratorium supporter on all platforms for threatening messages. More importantly, though, is reason two. I realized my anger is not helping and therefore I switched to gratitude something we all need more of. ....
(AP Photo/Oxford Eagle, Bruce Newman) While I consider myself to be somewhat of a history buff I lack the extensive amount of historical knowledge and incisive perspective of, say Alexandria Ocasio-Cortez or Maxine Waters, of course but I do know a fair amount about quite a bit of historical “stuff.” But, Dean Alfange, not so much. Until this morning. Alfange, a “progressive” of his era and a labor activist, wrote 163 words, in the form of a letter, 70 years ago that was first published in Reader’s Digest in 1952. As described by The National Pulse, Alfange was a liberal commentator who had a number of aborted runs for public office who wrote some of the most important words in modern American political discourse. “Words that should have an impact,” The Pulse noted, “as we evaluate the totalitarian approach the Western world has undergone in response to the COVID-19 pandemic.” ....