Wu said the author|Colin Wu
Editor of this issue | Colin Wu
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Wu said the author|Colin Wu
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Editor of this issue | Colin Wu
Central Commission for Discipline Inspection: Xiao Yi, the former vice chairman of the Jiangxi CPPCC, made serious deviations in implementing the major decisions and deployments of the Party Central Committee, violated the new development concept, abused his power to introduce and support enterprises to engage in virtual currency "mining" activities that did not meet the requirements of the national industrial policy, and illegally raised debts. Projects and construction, causing adverse effects
On the afternoon of November 10, the National Development and Reform Commission organized a special video conference on virtual currency "mining" governance to report the monitoring and rectification of virtual currency "mining" and deploy the next stage of work.
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The meeting emphasized that all provinces, autonomous regions, and municipalities must resolutely implement the relevant arrangements for rectification of virtual currency "mining", effectively shoulder territorial responsibilities, establish systems, focus on monitoring, clean up and rectify virtual currency "mining" activities in the region, and strictly investigate Strictly deal with "mining" activities involved in the computer rooms of state-owned units.
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Comrades in charge of the Central Cyberspace Affairs Commission, the Ministry of Education, the Ministry of Industry and Information Technology, the People's Bank of China, and the State-owned Assets Supervision and Administration Commission of the People's Republic of China attended the meeting. Comrades in charge of the development and reform commissions of provinces, autonomous regions, and municipalities directly under the Central Government, as well as the leading departments to rectify virtual currency "mining" activities, participated in the video conference at the branch venue.
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On November 8, the "Jiangxi Daily" published an article on the front page of "The Wind is Clean and the Vientiane is New", pointing out that: the development of virtual currency "mining" and the launch of "two high" projects in violation of regulations will be thoroughly investigated, and resolutely prevent new ideas, The banner of high technology and digitalization is "wearing new shoes and walking the old road".
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Filecoin will launch the Filecoin Virtual Machine (FVM) to introduce programmability of smart contracts to the Filecoin network. The native code language of FVM is WASM (WebAssembly), which enables Web2 developers to invest in Web3 development faster. In addition, FVM will also be the first to achieve EVM (Ethereum Virtual Machine) compatibility, and Solidity developers can faster on Filecoin Deploy the smart contract. FVM will be launched in stages. The first stage is expected to launch a non-programmable FVM on the Filecoin mainnet in the fourth quarter of 2021, and only run system actors. The second phase introduces protocol forks (Q1 2022), introducing preparatory adjustments before developers can program them, including Gas mechanism and architecture adjustments. The next two phases will introduce programmability, a system role redesign and deeper protocol changes to make it easier to program against system roles, and are expected to be completed in Q2 2022. (chain news)
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MineOne Mining Fund stated that it has completed the initial fundraising of more than 20 million US dollars in 30 days. The company is registered in BVI and is regulated by the United States. The management team is led by Chong.W, a senior mining investor, and Dr. Jiaming, who has traditional capital compliance management experience. It is an investment fund focusing on cryptocurrency mining, with mining machines, computing power and mine investment as the main direction. Combined with the blessing of digital quantification technology, the initial fundraising target is 200 million US dollars.
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According to Zhitong Finance, on November 8, Longyun International (LYL.US), a Nasdaq-listed company, announced that its wholly-owned subsidiary Meta Rich Limited and Antalpha Technologies Limited (a subsidiary of Ant Mining Pool) established a joint company, the business For crypto derivatives transactions.
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According to Russian media Izvestia, the Russian Ministry of Economic Development, the Ministry of Energy, and the State Duma (Russia's lower house) proposed to legalize cryptocurrency mining and regulate it as a business activity, but the Central Bank of Russia believes that this move has something to do with cryptocurrency. risks are not supported. The Russian Ministry of Economic Development wants to establish a new classification code for the industry to register companies and determine taxation procedures. Anatoly Aksakov, chairman of the Duma's finance committee, said that miners may be charged more for electricity than other types of consumption. (chain news)
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According to CoinDesk, Kazakhstan’s Minister of Energy Magzum Mirzagaliyev said at a meeting with the crypto mining industry that legal crypto mining will not be restricted or disconnected from the national grid as long as they do not endanger the mining industry. country's energy security. It was previously reported that Kazakhstan is facing power shortages and crypto mining is the main reason for this phenomenon. Kazakhstan has become the world's second-largest bitcoin computing power center after the United States after China cracked down on crypto mining in May. According to the ministry’s statement, the crypto industry is expected to bring in 500 billion tenge ($1.16 billion) in revenue over the next five years.
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Previously, the Swedish authorities warned about the impact of POW mining on carbon neutrality and hoped that the EU would ban cryptocurrency mining. Sweden's state-owned power generation company Vattenfall has argued that bitcoin mining can help balance grid load. Wind and solar power generation fluctuates wildly, and crypto mining acts as a buffer when there is a surplus of available electricity. The company also warned that banning crypto mining in the European Union could actually increase carbon emissions around the world, as the industry could shift to regions dependent on fossil fuels such as coal.
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Bitmain officially announced the latest mining machine, which is slightly different from the previous disclosure by the Thai supplier. The energy efficiency ratio is 21.5J/T, the computing power is 140T, and the power consumption is 3010W.
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Ethereum miner CoreWeave completed $50 million in financing invested by Magnetar Capital. CoreWeave mainly operates cloud services and mines Ethereum through its customers' unused local computing power. The company said that its cloud business has grown in the past three months. It has increased by 271%, and its current operating Ethereum computing power exceeds 1200GH/s. (CoinDesk)
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Canadian bitcoin mining company Bitfarms purchased a 24-megawatt hydroelectric power station in Washington State for $26 million, which is expected to increase mining computing power by 620PH/s, and has deployed 4,000 Bitmain S19j Pro mining machines , and the mining power is 400PH/s.
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The Ninth City subsidiary NBTC Limited (“NBTC”) and the American mining farm Compute North jointly announced today that the two parties have signed an agreement that Compute North will provide Ninetowns with 32 megawatts of mining machine capacity to deploy 10,000 Antminer S19j in Ninetowns miner. Ninetowns will start deploying these mining machines in the United States from the second quarter of 2022. Ninetowns NBTC also has 14,000 S19j mining machines, which are expected to be deployed in Canada and other countries from December this year.
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Nasdaq-listed crypto mining company Hut 8 Mining Corp. has released its third-quarter earnings. As of November 10, 2021, the balance of Bitcoin is 5053, and the market value is 430 million US dollars. Hut 8 emphasizes its "HODL" strategy, avoiding selling bitcoin as much as possible. Currently, Hut 8 has installed a total computing power of about 1.7 EH/s, and the contracted future computing power is about 4.5 EH/s, including Ethereum computing power.
The listed mining company Argo Blockchain submitted an application for public bond issuance to the US Securities and Exchange Commission (SEC), planning to sell US$57.5 million of senior notes to the public. The maturity date of the notes is November 30, 2026, and the annual interest rate is 8.75%. In the filing, Argo noted that investors may face a number of risks associated with the development of new cryptocurrency mining facilities in Texas, and that delays or interruptions in the development of facilities in Texas could have negative impacts on their operating performance and financial condition. have significant adverse effects. (chain news)
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Australian bitcoin miner Iris Energy plans to sell about 8.3 million shares in its initial public offering at a price of $25 to $27 each, according to a filing with the U.S. Securities and Exchange Commission (SEC). Iris plans to increase the total computing power to 15.2EH/s in the future. According to Glassnode data, this computing power has reached about 10% of the total Bitcoin network computing power as of November 8. In addition, Iris said that the company has sold all the bitcoins produced by mining. (chain news)
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Lianwen previously reported that Iris Energy applied to the US Securities and Exchange Commission (SEC) for an initial public offering (IPO) in October, planning to raise $100 million and list and trade on Nasdaq under the stock code "IREN".
Bitcoin mining company Compass Mining has launched a secondary resale market for mining machines for retail mining customers. of dealers.
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Publicly traded crypto miner HIVE Blockchain is raising about $100 million through a private placement of special warrants. HIVE Blockchain expects that the net proceeds from this issuance will be used for data center development and mining machine purchases to increase the computing power by 1 EH/s.
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