Blockchain Project’s Big Ideas Include Bike That Can Mine Crypto as You Cycle

Blockchain Project’s Big Ideas Include Bike That Can Mine Crypto as You Cycle

News
sponsored An open source and decentralized blockchain says it is reducing barriers to entry for newcomers so “everyone can enjoy the benefits and security of crypto.” A blockchain-based platform says it is the first that puts all users and ecosystem participants on an equal level, and has set out its vision for how its platform will develop in the coming months and years.Transcendence describes its blockchain as open source and decentralized, and says it offers full compatibility with existing systems such as AmiCloud, an internet-based file storage and file sharing facility, and the indieGO app store.The company says it wants its platform to offer an open marketplace for developers and artists, giving content creators a way to interact through a decentralized messaging service that provides an option for private communication.Wallets…
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Commons Foundation: 5 Mining Centers next to Hydropower in Paraguay

Commons Foundation: 5 Mining Centers next to Hydropower in Paraguay

News, Tech
The Blockchain Technology Foundation’s Commons Foundation announced on November 6 that it had signed a contract to build the world’s largest cryptocurrency mining center and the international cryptocurrency exchange, with government support in Ciudad del Este. The contract is designed to set up the five mining centers (covering an area of approximately 50,000 square meters) near the world’s largest clean-energy power plant, the Itaipu hydroelectric power station, and a 15-year one while ensuring high-speed Internet networks and enacting laws for all necessary business for this project. “Only 10 to 20 percent of the power generated by the Itaipu hydropower plant is consumed in Paraguay. More than 80 percent of the energy is exported abroad. We will be the world’s largest mining center in Paraguay, using low-cost and abundant clean energy,…
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What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada

What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada

Bitcoin, News, Tech
The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a Service The post What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada appeared first on CCN
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Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

News, Tech
Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia. Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts.DMG Blockchain Solutions initially revealed its plans to launch the station in July, stating that  their crypto mining operation will be implemented on an industrial scale with direct support from the local government and electricity providers. The station will purportedly increase DMG’s hosting capability by more than 20 times.Per the recent statement, the 27,000 square foot crypto mining-as-a-service (MaaS) operation occupies an area of 34 acres and is…
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Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz

Bitfury Raises $80 Million from Korelya, Macquarie, Mike Novogratz

News
Blockchain technology company, Bitfury, has raised $80 million from a number of global institutional and corporate investors. Led by Korelya Capital, the private placement was joined by Macquarie Capital, Asian financial institution Dentsu Inc., European investment company Armat Group, European fund managers Jabre and Lian Group, Argenthal Capital Partners, insurance group MACSF and Mike Novogratz’s digital asset merchant bank Galaxy Digital. Mike Novogratz’ Galaxy Digital Backs Cryptocurrency Giant Bitfury with $80 million The digital currency mining startup was reportedly considering a $5 billion crypto IPO, with a plan to go public in either Amsterdam, London, or Hong Kong. As an alternative, Bitfury was open to selling stakes or debt financing. Today’s announcement reflects the firm’s achievements, according to Valery Vavilov, CEO and co-founder of Bitfury. “2018 has been a year of incredible…
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Blockchain is Airdropping $125M in Stellar Lumens to Its Wallet Users

Blockchain is Airdropping $125M in Stellar Lumens to Its Wallet Users

News
Blockchain will be airdropping approximately $125 million worth of Stellar lumens to its users, in conjunction with the Stellar Development Foundation. This marks the largest airdrop in cryptocurrency history.Those interested in taking part must possess a Blockchain wallet and be willing to verify their identity. The first group of customers is set to receive their lumens sometime this week at no charge. Stellar is Blockchain’s first airdrop partner since it launched its official “Airdrops Guiding Principles” framework last month.Jed McCaleb, co-founder of the Stellar Development Foundation, believes airdrops can be powerful tools when it comes to building the crypto ecosystem and boosting mainstream adoption.“We believe airdrops are central to creating a more inclusive digital economy,” he said. “Giving away lumens [XLM] for free is an invitation to communities to design…
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Blockchainer Forum 2018 Shanghai China

Blockchainer Forum 2018 Shanghai China

News
The forum will tackle the blockchain technology development, application and investment and other aspects of exchanges to open the doors for blockchain development promotion, future use, infrastructure, and game development. This forum brings along blockchain infrastructure (such as public chain, data storage, exchange, security service, wallet and etc.), financial institutions (banks, insurance, payment agencies, Supply chain financial institutions, etc.), as well as  blockchain game industry participants (blockchain games, chain sports platforms, blockchain game development programs, chain-based asset creation management trading platforms, chain travel distribution channels and communities, etc.) from dozens of countries and regions including China, Japan, Korea, Singapore, USA and Europe. Some of the well-known media will cover the whole event in the industry, which will be highlighting the “industry evaluation” event that honors outstanding and innovative companies and…
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‘Creating DApps Can Be Simple’: Platform to Bring Decentralized Economy to Mass Adoption

‘Creating DApps Can Be Simple’: Platform to Bring Decentralized Economy to Mass Adoption

News
sponsored A project is intended to make blockchain more easy-to-use and flexible for regular users and developers. A new project from Dubai, HetaChain, is developing a universal blockchain platform with “industrial scale computational capabilities.” The project is intended to make blockchain more easy-to-use and flexible for regular users and developers. HetaChain aims to help governmental services, businesses, and organizations create decentralized applications (DApps) and integrate them into different industries, such as banking, e-commerce, robotics, and healthcare.Solving blockchain issuesThe new Heta Blockchain 3.0 Platform, launched in 2018 by Relam Investment and its founder, Sultan Ali Rashed Lootah, runs a hybrid of the Delegated Proof-of-Stake (DPoS) and a Byzantine fault tolerance (BFT) consensus mechanisms which are designed to bring security to fight against cyberattacks.According to the company, the hybrid consensus algorithm will…
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