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With digital currency gaining in popularity worldwide, additional mining operations and farms have started to appear despite looming bans on the practice.
While many see bans on crypto mining as a hindrance to entrepreneurship and the crypto space, in actuality, it’s an effort to protect and enhance cities, states, and countries’ natural, historic, cultural, and electrical resources.
Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.
Marathon Patent Group, Inc. has commenced mining operations in Quebec.
According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase of 1,400 Bitmain Antminer S9 miners — commonly known simply as Antminer S9s — on Feb. 8.
A week later, Marathon announced that it had leased 26,700 square feet of space in Quebec to be used as a data center.
Canada seems to have become the hottest destination for bitcoin miners from all over the world thanks to a combination of cheap renewable hydroelectric energy and hospitable cold weather. One miner, Bitfarms, is set to raise a small fortune to solidify its position in the region and better face the heated competition.
Also Read: Goldmoney Launches Ether and Bitcoin Cash Cold Storage
In response to increased regulatory pressures in China, Bitmain wants to set up shop in Canada.
Bitmain is one of the largest and perhaps the most well-known bitcoin mining and hardware companies in the world. Its primary operations are, as is expected for a company that’s headquartered in Beijing, located in Asia (notably central China and the autonomous Inner Mongolia) but, as per recent reports, it looks as though the company might be looking to diversify its geocredentials.
The post MinerGate Review: Is It a Legit Mining Operation? appeared first on 99 Bitcoins.
Mining Bitcoin and other cryptocurrencies can be complex, and it’s generally left to the techies who know what they’re doing. Even if you have the brains and the mining hardware for the process, it’s a volatile existence for the individual miner. Some companies are, however, bringing cryptocurrency mining to the average user. Downloadable software is available […]
