3G Venture II, a California-based mining operation, recently purchased a sizable portion of an abandoned Intel plant for mining. The plant in question was made to manufacture semiconductors for Intel and was shut down in 2009.
The location of the plant makes it a tempting opportunity for 3G Venture to purchase it, as it is situated in Colorado Springs. The town boasts a lower electricity rate in comparison with the national average, with costs being 21% cheaper. The plant also has a very well-established electricity network built for Intel’s needs.
The plant has a size of 1.4 million square feet with the company purchasing 30 acres of land and 700,000 square feet for a price of $13 million. The remaining space in the facility will be leased to industrial tenants.
The on-site electricity infrastructure drew the interest of John Chen, 3G Venture’s owner, as it has a substation and dual power feeds, which is a gift for the mining operation. The operation utilizes ASICs for mining, which makes cheap electricity costs and existing infrastructure incentives for the company to move into Colorado Springs. ASICs are Application Specific Integrated Circuits and can provide hashpower many times greater than consumer grade equipment like graphics cards.
This may represent the recent importance given to mining in the cryptocurrency world, as the hashrate of the total blockchain continues to grow. In just 6 months, even as the price declined to more than half of its previous price, the hashpower of the network has almost tripled.
https://ambcrypto.com/bitcoin-btc-minin ... ew-breath/
Bitcoin mining operation gives Intel old plant a new breath!
Never Stop Mining...
- howlermunkey
- Site Admin
- Contact:
- Location: East Coast
- Posts: 1271
- Joined: Tue Feb 20, 2018 12:04 pm
Jump to
- Bitcoin
- Who is Satoshi?
- Ethereum
- Ethfinex
- Ether Quest
- Litecoin (LTC)
- Exchanges
- Bitfinex
- Binance
- Bittrex
- YoBit
- CEX.io
- Poloniex
- Kraken
- xCoins
- Huobi
- OKEX
- CHBTC
- HitBTC
- Bithumb
- GDAX
- BitGrail
- Bit-Z
- Bitstamp
- Coinegg
- Exmo
- Zaif
- Cryptopia
- KuCoin
- Livecoin
- Korbit
- OKCoin
- Tidex
- Liqui
- gate.io
- Bitcoin Indonesia
- BitBay
- Mercatox
- Coinnest
- Remitano
- CoinExchange
- Trade Satoshi
- Bitso
- BitMarket
- BigONE
- CryptoBridge
- The Rock Trading
- Bitsane
- Novaexchange
- Stocks.Exchange
- Bleutrade
- BTC38
- Cryptomate
- Bitlish
- Qryptos
- nexchange.io
- CREX24
- COSS
- CoinFalcon
- Bibox
- BTER
- Exx
- Coinone
- Wex
- Gemini
- Quoine
- Vaultoro
- itBit
- LakeBTC
- LocalBitcoins
- QuadrigaCX
- Bitx - Luno
- BTCC
- Bitcoins Norway
- Cryptonit
- Go4cryptos
- Indacoin
- Bit2c
- Bitkonan
- gate.io
- Mining
- Cloud Mining
- Genesis Cloud Mining
- Hashflare Cloud Mining
- Hashing24
- Hashnest
- Eobot
- Mining Hardware
- Antminer
- COINS
- TRON
- EOS
- NEO
- OmiseGo
- Stellar
- IOTA
- Cardano
- Bitcoin Cash
- NEM
- VeChain
- LISK
- MinexCoin
- Dogecoin
- Ripple
- Monero
- Dash
- Verge (XVG)
- Tether
- QTUM
- ICON
- Zcash
- NANO
- STEEM
- Binance Coin
- Bytecoin
- Populous
- Stratis
- Sia
- RCHAIN
- Waves
- Status
- DigixDAO
- MakerDAO
- BitShares
- Aeternity (AE)
- Waltonchain
- deCRED
- 0x (ZRX)
- Augur (REP)
- Electroneum
- Hshare (HSR)
- Veritaseum
- Revain (R)
- Ardor
- Komodo (KMD)
- Basic Attention Token (BAT)
- KuCoin Shares (KCS)
- Ark
- Zilliqa (ZIL)
- Dragonchain (DRGN)
- Loopring (LRC)
- Bytom (BTM)
- Monacoin
- Syscoin
- aelf (ELF)
- Polymath (POLY)
- AION
- Cryptonex
- DENT
- PIVX
- QASH
- Nebulas (NAS)
- Kyber Network (KNC)
- Dentacoin (DCN)
- Golem (GNT)
- reddcoin (RDD)
- Bitcore (BTX)
- Byteball Bytes (GBYTE)
- GXShares (GSX)
- Ethos (ETH)
- IOStoken (IOST)
- Factom (FCT)
- FunFair (FUN)
- ChainLink (LINK)
- Zcoin (XCZ)
- Power Ledger (POWR)
- SALT
- Pillar (PLR)
- Cindicator (CND)
- NXT
- KIN
- Particl
- Request Network (REQ)
- Bancor (BNT)
- SmartCash
- enigma (ENG)
- Vertcoin (VTC)
- MaidSafeCoin (MAID)
- Neblio (NEBL)
- Emercoin (EMC)
- TenX (PAY)
- Quantstamp (QSP)
- Blocknet (BLOCK)
- Lunyr (LUN)
- WAX
- SingularityNet (AGI)
- Iconomi (ICN)
- Gnosis (GNO)
- DigitalNote (XDN)
- Enjin Coin (ENJ)
- Po.et (POE)
- GameCredits (GAME)
- Santiment Network Token (SAN)
- BridgeCoin (BCO)
- SuperNET (UNITY)
- XPA
- Skycoin (SKY)
- Civic
- BitcoinDark (BTCD)
- Storj (STORJ)
- Substratum (SUB)
- Experience Points (XP)
- AdEx (ADX)
- BLOCKv (VEE)
- Red Pulse (RPX)
- Zen Cash (ZEN)
- ETHlend (LEND)
- Decentraland (MANA)
- Achain (ACT)
- STORM
- NAV Coin (NAV)
- Nexus (NXS)
- Dynamic Trading Rights (DTR)
- Telcoin (TEL)
- Oyster (PRL)
- High performance Blockchain (HPB)
- PayPie (PPP)
- MediBloc (MED)
- U.CASH (UCASH)
- Monaco (MCO)
- SophiaTX (SPHTX)
- DEW
- Pura (PURA)
- iExec RLC
- Time New Bank
- Asch (XAS)
- MediShares (MDS)
- Aragon (ANT)
- VIBE
- Ubiq (UBQ)
- IoT Chain (ITC)
- bluzelle (BLZ)
- Blockmason Credit Protocol (BCPT)
- Ignis
- PACcoin
- Genesis Vision
- INK
- Metal
- DATAcoin (DATA)
- CRYPTO20
- SONM
- Theta Token
- Eidoo
- Peercoin
- XTRABYTES
- DeepBrain Chain
- AirSwap
- AppCoins
- BitBay
- Ambrosus (AMB)
- Edgeless (EDG)
- SaluS
- Jibrel Network
- Wagerr
- LBRY Credits
- Cobinhood
- SingularDTV
- HTMLCoin (HTML)
- Ripio Credit Network (RCN)
- Burst
- Simple Token (OST)
- Melon (MLN)
- Wings
- Gifto (GTO)
- Metaverse
- Nuls
- SpankChain (SPANK)
- INS Ecosystem (INS)
- WaBi
- WePower (WPR)
- Viacoin (VIA)
- Einsteinium (EMC2)
- Streamr DATAcoin (DATA)
- CyberMiles (CMT)
- UTRUST (UTK)
- Counterparty (XCP)
- Gulden (NLG)
- SIRIN LABS Token (SRN)
- Trinity Network Credit (TNC)
- NAGA (NGC)
- Delphy (DPY)
- Etherparty
- MobileGo (MGO)
- Modum (MOD)
- Unikoin Gold (UKG)
- CPChain (CPC)
- TaaS (TAAS)
- Rise
- Bottos (BTO)
- Aeon
- CoinDash (CDT)
- district0x (DNT)
- OriginTrail (TRAC)
- Crown (CRW)
- Tierion (TNT)
- Triggers (TRIG)
- Shift
- adToken (ADT)
- ECC
- Centra (CTR)
- Viberate (VIB)
- indiaHash (IDH)
- DECENT (DCT)
- Medicalchain (MTN)
- Groestlcoin (GRS)
- Humaniq (HMQ)
- Safe Exchange Coin (SAFEX)
- Hive Project (HVN)
- STK
- Decision Token (HST)
- SIBCoin (SIB)
- Bean Cash (BITB) (BEAN)
- Pepe Cash (PEPECASH)
- I/O Coin (IOC)
- TokenCard (TKN)
- Namecoin (NMC)
- Cappasity (CAPP)
- Cofound.it (CFI)
- PotCoin (POT)
- DeepOnion (ONION)
- Spectre.ai Dividend Token
- Everex (EVX)
- Voxels (VOX)
- Lykke (LKK)
- Datum (DAT)
- All Sports (SOC)
- Presearch (PRE)
- Synereo (AMP)
- FLASH
- SunContract (SNC)
- Nimiq (NET)
- bitCNY
- Odyssey (OCN)
- Vericoin (VRC)
- Tao
- Mercury (MER)
- Blockport (BPT)
- Diamond (DMD)
- WhiteCoin (XWC)
- Unobtanium (UNO)
- BlackCoin (BLK)
- Lamden (TAU)
- NoLimitCoin (NLC2)
- Swarm (SWM)
- FairCoin (FAIR)
- Internet Node Token (INT)
- Monetha (MTH)
- DADI
- Matchpool (GUP)
- Maecenas (ART)
- Mintcoin (MINT)
- Soarcoin (SOAR)
- Bloom (BLT)
- Aeron (ARN)
- Qbao (QBT)
- Zuesshield (ZSC)
- Energo (TSL)
- Aurora DAO (AURA)
- FirstBlood (1ST)
- Mothership (MSP)
- Elastic (XEL)
- Blocktix (TIX)
- Expanse (EXP)
- LEOcoin (LEO)
- Zeepin (ZPT)
- Agrello (DLT)
- HempCoin (THC)
- BitConnect (BCC)
- Pascal Coin (PASC)
- SwissBorg (CHSB)
- ALQO
- FedoraCoin (TIPS)
- Electra (ECA)
- GridCoin (GRC)
- Everus (EVR)
- Grid+ (GRID)
- Trade Token (TIO)
- Selfkey (KEY)
- QunQun (QUN)
- Moeda Loyalty Points (MDA)
- Covesting (COV)
- carVertical (CV)
- Radium (RADS)
- LATOKEN (LA)
- ATMChain (ATM)
- Uquid Coin (UQC)
- Hi Mutual Society (HMC)
- DomRaider (DRT)
- ForinCoin (FLO)
- EncrypGen (DNA)
- True Chain (TRUE)
- InsurePal (IPL)
- Rivetz (RVT)
- Golos (GOLOS)
- Olympus Labs (MOT)
- Xaurum (XAUR)
- Remme (REM)
- Quantum (QAU)
- Etheroll (DICE)
- Airtoken (AIR)
- DecentBet (DBET)
- Stox (STX)
- boolberry (BBR)
- BitDice (CSNO)
- ProChain (PRA)
- GoByte (GBX)
- aXpire (AXP)
- NVO (NVST)
- Patientory (PTOY)
- Espers (ESP)
- Hacken (HKN)
- Hydro Protocol (HOT)
- Syndicate (SYNX)
- FoldingCoin (FLDC)
- Measurable Data Token (MDT)
- Hackspace Capital (HAC)
- Bismuth (BIS)
- Mysterium (MYST)
- ATBCoin (ATB)
- LUXCoin (LUX)
- BLUE
- NuBits (USNBT)
- Dynamic (DYN)
- Primas (PST)
- Linda
- Neutron (NTRN)
- Polybius (PLBT)
- Internet of People (IOP)
- Rebellious (REBL)
- E-coin (ECN)
- DubaiCoin (DBIX)
- Ties.DB (TIE)
- GET Protocol (GET)
- Novacoin (NVC)
- Elixir (ELIX)
- Matryx (MTX)
- TokenClub (TCT)
- Curecoin (CURE)
- OneRoot Network (RNT)
- Ink Protocol (XNK)
- Polis
- bitqy
- Playkey (PKT)
- Phore (PHR)
- Energycoin (ENRG)
- Musicoin (MUSIC)
- DAO.Casino (BET)
- Bezop (BEZ)
- Karma (KRM)
- Profile Utility Token (PUT)
- SureRemit (RMT)
- CVCoin (CVCOIN)
- Sphere (SPHR)
- True USD (TUSD)
- AidCoin (AID)
- BTCZ
- Elite (1337)
- Pareto Network (PARETO)
- Bulwark
- DraftCoin (DFT)
- GeoCoin (GEO)
- Education Ecosystem (LEDU)
- HyperStake (HYP)
- Flixxo (FLIXX)
- ClearPoll (POLL)
- Kore
- TrueFlip (TFL)
- Autonio (NIO)
- ArtByte (ABY)
- Devery (EVE)
- Travelflex (TRF)
- Memetic / PepeCoin (MEME)
- HollyWoodCoin (HWC)
- Opus (OPT)
- LOCIcoin (LOCI)
- Dether (DTH)
- ZrCoin (ZRC)
- JET8 (J8T)
- Graft
- Publica (PBL)
- Primalbase Token (PBT)
- EXRNchain (EXRN)
- Bela
- In The News
- EVENTS
- Media
- ICO's
- Telegram
- EOS
- Wallets
- Hardware Wallets
- Ledger Nano S
- TREZOR
- KeepKey
- Online Wallets
- GreenAddress
- SpectroCoin
- Mobile Wallets for Android
- breadwallet
- Mycelium
- 03 Wallet - A NEO Wallet
- Desktop Wallets
- Jaxx
- Electrum
- MultiBit HD
- Morpheus Wallet
- Mobile Wallets for IOS
- AIRDROPS
- LEARN
- Opinion
- thedrunkenblogen