According to Peak Mining, a subsidiary of the German bitcoin mining and infrastructure firm Northern Data, the company has announced the purchase of a 300-megawatt ERCOT-approved site in Corpus Christi, Texas. The site is adjacent to another location acquired by the firm in December 2023. Peak Mining Purchases ERCOT-Approved Texas Site Northern Data’s Peak Mining […]
Bitcoin News
El Salvador Launches Treasury Holdings Site, Confirms Daily Bitcoin Purchases
The Bitcoin Office of El Salvador (ONBTC) has launched a site that allows anyone to confirm the treasury holdings of the country, offering a large degree of transparency in its finances. The site, composed as a custom instance of mempool space, a popular block explorer, confirms that the country has been purchasing one bitcoin per […]
Bitcoin News
Genesis Digital Assets to Launch Flare Gas Powered Bitcoin Mining Site in Argentina
Genesis Digital Assets, a leading digital miner, has partnered with YPF Luz, an Argentine power company, to receive power from a flare gas installation to operate a bitcoin mining site in Argentina. The data center facility, in the Bajo del Toro thermoelectric plant, will host 1,200 bitcoin miners. Genesis Digital Assets to Operate Flare Gas […]
Bitcoin News
Marathon to Acquire Applied Digital’s 200 MW Texas Bitcoin Mining Site
The Nasdaq-listed mining enterprise Applied Digital has concluded a definitive pact for selling its 200-megawatt (MW) mining facility in Garden City, Texas. Applied Digital disclosed that the transaction involves Marathon Digital Holdings acquiring the Garden City mining property for a sum of .3 million. Applied Digital and Marathon Ink .3 Million Deal for Texas Mining […]
Bitcoin News
Bitcoin.com News Expands Global Reach With Spanish and Russian Versions of Site
In a nod to the ever-growing global impact of cryptocurrencies, Bitcoin.com News has launched Spanish and Russian versions of its site, aiming to provide non-English speakers with the latest in crypto news and insights.
Spanish and Russian Speakers Gain Direct Access to Crypto News as Bitcoin.com News Expands Language Offerings
In a move informed by the decentralized and global ethos of cryptocurrency, Bitcoin.com News has unveiled Spanish and Russian versions of its popular news platform. This strategic expansion, underlining the increasingly international appeal of digital assets, is designed to increase access to timely, high quality crypto-related news for non-English speaking audiences worldwide.
The launch of the Spanish (news.bitcoin.com/es) and Russian (news.bitcoin.com/ru) sites comes at an important moment in the crypto industry. The sector’s growth has been meteoric, particularly in regions where English is not the primary language. Bitcoin.com News is committed to representing the inherently global nature of cryptocurrencies.
“By bringing crypto news to Spanish and Russian speakers we’re doing our part to give as many people the best possible up-to-date crypto news as possible,” said head writer for Bitcoin.com News, Jamie Redman. Redman noted:
Crypto empowers individuals, which is more important than ever in a world where much of modern technology centralizes power into the hands of a few tech companies, institutions, and government agencies. It’s important for everyone, irrespective of their language, to understand and participate in this digital revolution.
The expansion into these languages is particularly significant given the burgeoning crypto markets in Latin America and Eastern Europe. Both regions have seen an increase in crypto adoption due to various economic factors, including currency devaluation, lackluster access to financial tools, and a growing young, tech-savvy population.
Moreover, Bitcoin.com News is enhancing its community engagement by introducing Spanish and Russian channels on popular social platforms like Telegram and X. These channels aim to create a more inclusive and interactive environment for crypto enthusiasts to discuss and share insights in their native languages.
Spanish and Russian are just the beginning of Bitcoin.com News’ plans to broaden its global footprint. “As the crypto landscape evolves, so will our efforts to make the best crypto news product, including serving it to more people all over the world, in their own language,” Redman added.
The move by Bitcoin.com News is a testament to the borderless nature of cryptocurrency and its appeal across different cultures and languages. Bitcoin.com News is committed to democratizing access to crypto information, fostering a truly global community in the digital age.
What languages should Bitcoin.com News consider next for site-wide translation? Share your thoughts and opinions about this subject in the comments section below.
Greenidge Generation Settles Debt and Sells SC Bitcoin Mining Site to NYDIG
Greenidge Generation Holdings has successfully wiped out .8 million in secured debt and divested its South Carolina bitcoin mining facility to NYDIG. The firm detailed that the move enhances Greenidge’s financial stability and liquidity.
Greenidge Generation Holdings Clears .8 Million Debt, Sells Mining Site to NYDIG
On Wednesday, Greenidge finalized the sale of a 22-acre mining site with 44 megawatts (MW) of capacity in Spartanburg, SC, to NYDIG. This deal marks the resolution of all outstanding secured debts Greenidge owed to the bitcoin asset management firm.
In 2023, Greenidge achieved a reduction in its financial obligations, slashing .3 million from its debt. This substantial repayment accounts for more than half — specifically, over 54% — of its total debt.
However, the company continues to manage million in unsecured debt, due in 2026. The agreement entitles Greenidge to an approximate .2 million cash payout. Moreover, the company retains around 153 acres in Spartanburg, earmarked for potential expansion into data centers.
NYDIG, operating under the umbrella of Stone Ridge Holdings Group, provides a spectrum of services including bitcoin (BTC) custody, financial solutions, infrastructure, and BTC mining operations. Acquiring this facility allows NYDIG to further integrate its mining operations with enhanced infrastructure.
Over the last two years, several cryptocurrency miners incurred substantial debts to NYDIG due to loans taken out to support their mining ventures. These loans were secured during a bullish market period, characterized by high profitability.
Nonetheless, the transition to a bear market posed challenges for some of these miners in repaying their debts. Companies including Core Scientific and Iris Energy are among those that held rig-backed loans from the firm.
What do you think about Greenidge clearing its debts? Share your thoughts and opinions about this subject in the comments section below.
Mawson Infrastructure Group Deploys 2,600 Bitcoin Miners at Newly Secured Pennsylvania Site
Mawson Infrastructure Group, a publicly-listed bitcoin mining operation, announced on Thursday that it has acquired a new mining site in Bellefonte, Pennsylvania. The company detailed that it has swiftly deployed 2,600 bitcoin miners at the location.
Mawson Secures Pennsylvania Site, Deploys 2,600 Bitcoin Miners for Self-Mining Operations
Bitcoin mining companies are experiencing ongoing expansion in 2023. This week, Mawson Infrastructure Group (NASDAQ: MIGI) disclosed the acquisition of a new mining site in Bellefonte, Pennsylvania. Mawson has already initiated mining operations in Pennsylvania, having announced the commencement of construction at a new site in Sharon in February. On Thursday, Mawson revealed the signing of a new long-term lease agreement for the recent undertaking in Bellefonte.
At present, the Bellefonte facility is powered by 8 megawatts (MW) of electricity, with 2,600 miners already operational. The newly launched location will function as a fully self-mining facility, with a potential capacity of up to 24 MW. Mawson revealed that upon the completion of the expansion, the new data center will be able to accommodate 7,200 bitcoin mining machines.
“This facility is an ideal opportunity for Mawson to continue to efficiently ramp our self-mining operations to increase bitcoin production,” Mawson’s CEO and president Rahul Mewawalla stated on Thursday. “This new site furthers Mawson’s focus on growth in markets where the energy mix, secure grid, favorable climate, robust communities, and local talent continue to be key drivers of our continued expansion.”
Shares of MIGI rose 1.96% on Thursday; however, they have declined by 20% over the past month. The six-month price statistics indicate a decrease of more than 7%, while the stock has experienced a significant decline of 69% over the past 12 months. In 2023, Bitcoin’s hashrate reached new heights, thanks to the introduction of more efficient mining rigs, the launch of numerous next-generation miners by various firms, and the expansion of companies into new territories. In May, Mawson announced its expansion to Corning, Ohio, which added an additional 1 exahash per second (EH/s) to its mining fleet.
What are your thoughts on Mawson Infrastructure Group’s expansion? Share your thoughts and opinions about this subject in the comments section below.
Mawson Infrastructure Group Expands to New Bitcoin Mining Site in Ohio, Plans to Boost Hashpower by 1 EH/s
Mawson Infrastructure Group announced on Monday that the company has secured a new mining site in Corning, Ohio. The bitcoin mining firm, on May 1, 2023, unveiled its plans to set up its miners at the new location by Q3 of this year, with an aim to raise the operation’s hashpower by 1 exahash per second (EH/s).
Bitcoin Miner Mawson Acquires 24 MW in Ohio With Room for Expansion
On May 1, 2023, Mawson Infrastructure Group revealed it has signed an agreement for a new site in Ohio. This development comes on the heels of the company’s prior ventures in Pennsylvania and the decision to pull out of Australia.
The new mining site, located in Ohio, is expected to offer a starting capacity of 24 MW. Mawson, however, anticipates expanding its operations to harness an additional 26 MW of power, effectively bringing the total capacity of the site to 50 MW.
The mining company disclosed it already operates 240 MW of capacity in the surrounding area. “We are very excited to have finalized this new site acquisition. The addition of this site to our portfolio of assets in the region is a great achievement by the team reinforcing our revised strategy of focus in the PA/OH region,” Mawson’s CEO, James Manning commented.
Despite the expansion news, Mawson’s publicly-listed shares (Nasdaq: MIGI) have experienced a 5% drop in the last 24 hours and a 1.97% decline over the last month. Nonetheless, the statistics of the past six months reveal an upward trend in MIGI shares by 11.26%, and year-to-date, the shares have increased more than 107%.
Mawson’s initial plan for the Corning facility is to house 12 mobile data center (MDC) units and 7,056 miners. Both hosted and self-hosted machines will be deployed at the new mining location. Just prior to the Ohio announcement, in April, Mawson sold its Greenfield Texas sites for .5 million.
What do you think the future holds for Mawson Infrastructure Group’s expansion plans in the PA/OH region? Share your thoughts about this subject in the comments section below.
An Overview of BitKong, PlayHub’s Oldest Gaming Site
Launched in 2015, BitKong falls under the PlayHub banner and is the oldest of the company’s three gaming sites, with LuckyDice and SimpleDice being its younger siblings. It attempts to dazzle players with a set of delightfully charming characters, some fantastic promotions, and one simple, yet innovative, and highly engaging game.
If you have ever set foot in one of the other two PlayHub platforms, then you know what you are in for design-wise, as all three share similarities. Navigation is easy on all of them. However, while the other two feature dice games, here, you get to guess your way up a tower, through five different difficulty levels, en route to fantastic payouts. You can fund your account using any one of the six most popular cryptos or take advantage of the free faucet or the demo mode to get a grip on things before laying down real money.
If you are a past BitKong patron and have neglected your favorite gambling ape in recent times, perhaps you remember the old design and are due for a trip to witness the facelift and all the improvements. BitKong is a platform that has maintained due to its simplicity and the fact that it provides quality gaming entertainment for players of all bankrolls. Login or register through a desktop or mobile device to find out that what we say is true.
Pros | Cons |
● Intuitive interface ● Android app ● Demo-play available ● Free Faucet |
● Single-game only ● Slow customer support
|
BitKong Games
No need for plural here, because as mentioned, BitKong only has one game. That said, it’s one that you’ll have a hard time locating elsewhere. If you’re a fan of minesweeper, buckle up because you’re in for a treat. BitKong allows you to climb up a tower, whose columns and rows depend on your chosen difficulty level. These are Easy, Medium, Hard, Extreme, and Nightmare. Naturally, better payouts come at the more difficult levels.
Once you have selected your level, you get your pattern of rows and columns, with the charismatic ape holding the grid with his strong hands, chin resting on top. For example, in the Easy mode, you get four columns and nine rows. Each row features one poop that you must avoid stepping in by selecting another option. Thus, you have four choices, and if you pick one of the three that’s not the poop, you get to move up a row.
Know that there may also be a random multiplier in play and that the game has a house edge of 3%.
Software Features & Graphics
BitKong has a fairly simple interface that’s super-easy to move through. The site’s theme is full of desaturated greys and some greens. The game features cartoony flat illustrations, subtle animations, and background jungle sounds that you can turn off in the settings menu at the top of the navigation bar. We suggest that you do, as they get annoying.
Depending if you are on a desktop browser or are accessing the platform through a mobile device, the game will take up the right side of your window on the first or the whole screen on the latter. It only has a few buttons, and like every PlayHub game, it is easy to use.
BitKong is mobile-optimized. Meaning the play-on-the-go experience is smooth, and you shouldn’t face any issues accessing the site from any mobile device, through any mobile browser. While the BitKong mobile version is close to perfect, if speed is what you are after, Android users should install the Android app of the site and get added convenience via super-fast load times.
Account
Creating an account with this platform is a breeze, as all you have to do upon registration is enter your email address. After entering your email, BitKong will send a six-digit code to your email inbox. You will have to head over to your account, write it down, or copy it, and enter it on the platform to login. That’s all it takes. Easy Peasy.
The platform also tells you that it’s a good idea to configure 2FA as soon as possible, which you can do by hitting your account drop-down menu in the top right and selecting the Two Factor Authentication option. You can also set up security keys using Yubikey, Trezor, or any FIDO2 compatible device. If you wish to customize your account, change your username or password, you’ll have to click on the pencil icon on the same menu.
Deposits & Withdrawals at BitKong
Seeing as many consider BitKong to be among the top old-school crypto gaming sites on the market, we expected it to allow the use of the most popular cryptos. As expected, we weren’t disappointed when we opened up the cashier tab and saw the following cryptocurrency for both deposits and withdrawals:
- Bitcoin
- Dogecoin
- Litecoin
- Ethereum
- Dash
- Ripple
BitKong supports Bitcoin lighting as well as Segwit and Legacy Bitcoin addresses. To deposit, all you have to do is choose the cashier option in your account menu and select the deposit tab. Then, you’ll have to hit the little arrow pointing down in the Deposit field and choose your crypto.
Naturally, different limits and fees apply to different cryptos. If you fancy yourself a Bitcoin user, then be aware that there’s a minimum deposit limit of 0.001 BTC, and this deposit requires one confirmation on the blockchain. If you want to deposit less, you can, but there’s a fee of 0.0001 BTC that you will have to pay.
When it comes to withdrawals, the minimum for Bitcoin is 0.001 BTC, but depending on your hurry, you can pay a fee of 0.0001 BTC if you are in no rush at all, or one that’s five times more if you need your transaction to go through within five minutes. These fees vary from method to method, but they usually fall somewhere between 2% and 10% of your withdrawal amount.
Chat
BitKong offers players the possibility to communicate among themselves and share bets in a chat room available for registered users. Using the chat is pretty straight forward, but we recommend reading the chat rules before starting a conversation. In the near future, there will be a new feature that will be released within the chat room called Make It Rain, this gadget will allow users to shower other players with money.
Bonuses & Promotions
BitKong has several ongoing promotions in place, and although it features no deposit bonus, its intricate point-collecting scheme will entice you to join and will keep you playing. You can view everything that the site offers on the bonuses page, but since some features are not explained concisely, we suggest you give the FAQ a quick once-over. You can enter it through the Support link above the footer.
You should understand the definition of Points, and what credits are, as both are essential to your gaming experience at BitKong Bitcoin casino. Since the platform allows different cryptos, it uses Points as a medium to compare the betting activity of its players, a single betting metric. You attain ranks and achievements based on your point count. Credits, on the other hand, are how the site rewards players. Bonuses come in the form of Credits, which players can convert into cryptos.
Armed with this knowledge, you are ready to explore and learn how you attain ranks that can lead to cashback deals, how you can open Magic Chests, which provide random amounts of credits, and how you can get in on the leaderboard challenges or win the jackpot prize. BitKong also offers a pretty sweet referral program that can land you a daily commission of 0.3%.
After getting a full tour of everything BitKong has to offer, you should also know that there is more to come. The developing team announced they will include a feature to allow players to send money to each other through their profiles, and two new types of bonuses: Level Up, (based on the player’s rank) and Recharge a possibility to request money which will be offered to loyal customers.
Support
If some of the things we explained above are not clear, or if you find yourself in a jam, facing an issue of some sort, we suggest first looking through the 22 FAQs. These hold answers regarding many common problems. However, if you do not find what you are looking for there, you should turn to the live chat function by clicking the lower right icon.
The platform runs 24/7 customer support for registered users through a support window available in the lower right corner of the page. The good news is that you should receive a reply within two hours tops, and the chat transcript will reach your email inbox as well, so there’s no chance that you’ll miss it.
For complaints or website vulnerabilities, the BitKong staff prefers that you send a detailed email to support@bitkong.com. They will try to provide a satisfactory resolution to your concern or thank you for your assistance in improving the platform.
SBI, GMO Reportedly Sign Deal with Operator of Worlds Largest Bitcoin Mining Site
n Japanese financial services giant SBI and internet provider GMO have reportedly agreed to process crypto transactions at what is set to become the worlds largest mining siten
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