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August 3, 2018 12:03 am
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/iZWHYN0cagg/cryptocurrency-miners-are-building-their-own-electricity-infrastructure
Cryptocurrency Miners Are Building Their Own Electricity Infrastructure
ted_pikul shares a report from Motherboard: Access to cheap electricity can make or break a cryptocurrency mining operation. The latest move in the quest for bargain-basement power rates: building out local power grids. Canadian company DMG Blockchain is building what it hopes will be a fully-functioning substation in Southern British Columbia, which is electrified by hydro power. Building the substation is costing millions of dollars and required building an access road to haul equipment. "[...] the utility will test everything as a completed substation and make sure that the town doesn't blow up when we flip the switch," Steven Eliscu of DMG Blockchain said.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/iZWHYN0cagg/cryptocurrency-miners-are-building-their-own-electricity-infrastructure
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