Crypto Miners Are Moving to Japan's Countryside Drawn by Cheap Electricity, Subsidies

Cryptocurrency mining firms are now moving to underpopulated, rural areas of Japan drawn by cheap electricity prices and subsidies that help them keep costs down. This makes Japan’s countryside one of the most attractive areas for miners, along with countries like Iceland and Canada.

According to Nikkei Asia Review, cryptocurrency mining firm Alt Design moved to Fukui, a city of around 250,000 people, to take advantage of relatively low electricity and setup costs. The city also has a subsidy program that pays companies who move into unused factory spaces half their rent.
Read whole article...

Reacties

Een reactie posten

Populaire posts van deze blog

Bank Freeze Forces Korean Crypto Exchange Bithumb to Disable New Accounts: Report

Afbeelding
South Korean crypto exchange giant Bithumb has suspended the issuance of new KYC bank-linked virtual accounts after failure to renew and establish a contract with a bank, as mandated by new guidelines this year. Starting today, August 1, Bithumb – one of Korea’s ‘big four’ exchanges – is no longer issuing new virtual accounts to customers due to the lack of a banking partner, according to a report by Business Korea. The freeze will not impact customers who already have virtual accounts at the exchange, used for deposits and withdrawals through linked bank accounts. Read whole article...
Meer lezen

BTC update 31st July

Afbeelding
BTC now trading around 7710. As you know fibonacci retracement happens a lot in the world of bitcoin. The magic number we are looking is 0.618 (61.8%). If we look at the first retracement in the image you will see that the lowest point compared to the highest point is the total fib range. At the end of the retracement you see we are at 61.8% and had a run up. If we look at the seccond fib retracement we see the same thing. Currently we are at the 0.618 (61.8%) level again so we should expect a run up. To determine how much of a run it will be, we can take the whole fib range (0 to 1) and this would determine how high the run could be seen from the 0.618 fib level. In this case we could see a run towards 8950. I know this is a bit confusing if you don't do technical analysis etc. but maybe we can learn something together. We also want to let you guys know we don't grab some random numbers and hope these are the correct ones ;) Conclusion : fibonacci at support level 0.618 and we
Meer lezen