Washington State’s Chelan County shut down three rogue cryptocurrency mining operations due to the power draw and safety risk.
CoinDesk
Washington State County Moves to Limit New Bitcoin Mining Firms
In a unanimous vote, Chelan County’s Public Utility District commissioners agreed to put a moratorium on new bitcoin mining applications.
CoinDesk
Washington Post supports Brave Browser and Basic Attention Token (BAT)
The Brave Browser and the associated Basic Attention Token (BAT) were able to gain another established partner with the Washington Post. This is confirmed by a Reddit post on 14th March. Readers can now support the Washington Post with donations in the form of BAT.
Amazons Washington Post is not the first media platform to work with the Brave Browser. The Vice and the Guardian (U.K.) also cooperate with Brave and BAT. Then there are well-known Youtubers like PewDiePie, Casey Neistat and Philip DeFranco.
The Brave Browser was founded by former Mozilla CEO and Javascript co-developer Brendan Eich. Brave’s goal is to solve digital advertising issues. These include the unfair distribution of advertising revenue and the manipulation of clicks through bots. This is to be done by a new payment model based on the Basic Attention Token. The advertising revenue is not only paid to the website operators but also to the users. Brave secures itself another portion of the advertising revenue.
How do Brave and BAT work?
Visitors to a website are faced with the option of using the Brave Browser to block advertising either with the integrated add-blocker or to pay for viewing the ads with BAT. The received tokens can be spent on specific services on the participating sites or donate to site operators. To reward the user for viewing advertising has several advantages.
On the one hand, advertisements are less intrusive if the user can freely decide whether he wants to view them at all. On the other hand, the voluntary decision to advertise makes it easier for providers to target their advertising to the right audience. The fact that data is collected via Internet users for advertising purposes can not be prevented even with Brave. The user is paid in this way but at least for his data.
The concept was inspiring, so that the ICO behind the BAT token a total of 35 million US dollars could be collected in no time.
At present, BAT is supported exclusively by the Brave Browser. The team around Brendan Eich is working on making the Basic Attention Token available to other browsers. If this succeeds and further well-known partners can be won, stands before a small revolution of the Internet advertisement. The acceptance by the Washington Post is a first step in the direction.
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Post source: Washington Post supports Brave Browser and Basic Attention Token (BAT)
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ICOs Go to Washington: What to Expect When Congress Talks Crypto
The U.S. House’s Capital Markets, Securities and Investment subcommittee will explore cryptocurrencies and ICO markets in a hearing on Wednesday.
CoinDesk
Washington D.C. Forum Plans the Future of Blockchain Technology
Young innovators in the blockchain technology world gathered in D.C. to discuss the future of decentralized ledger information systems in business and society.
What is the Future of Blockchain?
The second Digital Asset Investment Forum (DAIF) was held in Washington D.C. Hosted by FinTech4Good it served as the launching event of DC Blockchain Incubator and Energy Blockchain Leadership Committee.
The premier event attracted executives from across the industry to discuss how blockchain technology will change industry in the future much as the development of the internet has in the recent past.
Specific questions posited were about the value of Blockchain to existing applications, the most promising startup models, how to build a strong ecosystem for the healthy development of digital asset investment.
Samson Williams, Partner, Axes and Eggs spoke on the need for D.C. area entrepreneurs to be accessible to the Commodity Futures Trading Commission’s (CFTC) or Securities and Exchange Commission (SEC) or Financial Industry Regulatory Authority (FINRA) in order to be pro-active in developing regulations that work for the industry.
Wallace Lynch the founder of Alpha Token discussed how to make ICO’s work in business by creating products with real value based on specific consumer need that can prove its superiority over traditional solutions.
Maomao Hu co-founder of Kora, known as a rising star in the area of financial infrastructure systems spoke on using blockchain powered systems in Africa in order to empower people underrepresented in the banking industry.
Zhijun Zhang of the world bank group talked about the use of blockchain technology in third world countries in order to help those with no identities get recognized by their governments.
“I see a lot of potential in blockchain applications. For example, in the digital identity space, there are at least 1 billion people in developing countries who don’t have official identities.”
Zhijun Zhang, Lead Security Architect at the World Bank Group.
From the investor’s point of view, the talk was about the great potential that exists in blockchain based technologies. Again these applications were likened to the first internet-based companies for their potential growth and profits. Some of the speakers struck a cautionary note citing the volatility of the asset market now and it’s potential for bubbles.
About FinTech4Good
FinTech4Good, the host of the event self-describes ‘as the world’s leading blockchain and fintech platform. It identifies and scales up the most promising fintech and blockchain technology solutions worldwide and brings them to frontier markets through incubation, acceleration, and investment.’
“We were positively surprised by the enthusiasm and support expressed by many of the investors, advisors, technology innovators, large corporations and government agencies to our DC Blockchain Incubator ”, said by Xiaochen Zhang, the President of FinTech4Good and the Chairman of the Global Digital Economy Council.
The post Washington D.C. Forum Plans the Future of Blockchain Technology appeared first on NewsBTC.
Bitcoin Miners Head to Rural Washington State
In a parody of the mid-1800’s gold boom techno miners are following their predecessors to the banks of the Columbia River to Mine Bitcoin.
Go west Young Man
The small town of Wenatchee in rural North, Western Washington State is being tagged in tech blogs and major network coverage as a hub of Bitcoin mining.
We may normally picture hanger sized buildings full of servers in industrial China when thinking of Bitcoin mines. Wenatchee though is a picturesque small town set along the banks of the Columbia River surrounded by the foothills of the Cascade Mountains.
And that location is exactly why it is becoming the Bitcoin mining boom town of America. There are several hydroelectric dams along the Columbia River that provides Wenatchee and the surrounding area with cheap electricity.
Electricity runs at 3-4 cents a kilowatt compared to the average cost in the US of 12 cents per kilowatt and the highest on the East and West coasts being around 20 cents, or Hawaii for that matter at over 30.
Cheap electricity, cool temperatures, and very fast internet connectivity.
This combination of cheap power and cool average yearly temperatures that keep the servers from overheating makes the area a very choice spot for mining.
“So we have not only low-cost electricity but also very good access to internet. People put those two together and think ‘opportunity for bitcoin’.”
Steve Wright, Director of Power.
Already home to a dozen of the largest Bitcoin mining operations in the country, with more scheduled to open up shop in late 2018, there has been no mention of any second thoughts due to the Dec. – Jan. price correction.
Malachi Salcido was one of the first to start mining in the Wenatchee region. His operation of 3 facilities currently mines 5-7 coins a day. Using 7.5 megawatts daily – enough to power 11,000 average homes – he is looking to expand his operation to mine 50 coins a day which would suck up an estimated 42 megawatts.
Local regulators have welcomed the mining operations but say at this point the town and more specifically the infrastructure to deliver the huge amount of electricity mines need is at capacity.
Though the electric is cheap Salcido’s monthly bill still exceeds 0,000. To him its worth it. He sees mining Bitcoin as not only a profitable business but also building part of the future.
“We mine bitcoin because bitcoin blockchain is becoming the cashless, peer-to-peer payment settlement system of the future. This is a true peer-to-peer settlement tech that once it’s mature is going to significantly disrupt these existing markets.”
Salcido said.
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