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- Why China’s crypto cowboys are fleeing to Texas
- Cybertrucks, new factories in focus as Tesla set to report record earnings
- You should delete these fake crypto mining Android apps from your phone right now
- Bitcoin Miner Transaction Fee Gathering Capability
- How to Get Payouts for Ethereum Mining without Fees
- Can you mine Cryptocurrency on your phone? Here are the 5 best apps to help you out
Why China’s crypto cowboys are fleeing to Texas
When residents of an affluent estate community in Alberta started hearing noise from a nearby power plant, they didn't expect their complaints of sleepless nights would lead to a months-long investigation that would find a bitcoin mining operation had set up shop without approval.
Now, Link Global, the company behind the site, is being ordered by the province's utility commission to shut down two plants until it can prove it's allowed to operate — a move the company says will cost jobs and cause the oil and gas infrastructure in which it operates to sit dormant. Jeff Kocuipchyk first started hearing the noise last fall. He's president of the Greystone Manor Community Association, a small neighbourhood located in Sturgeon County, about 10 kilometres from the northwest outskirts of Edmonton.
It's just like a wave … but it's 10 times louder and times more annoying," Kocuipchyk said. We'd go sit and go, 'Hey, what is that airplane landing in our field?
That's part of why you move here. There's a premium you pay for this kind of place. And then the noise starts — and it's not quiet and peaceful anymore. Kocuipchyk said the sound quickly became a topic of discussion among neighbours.
Some thought it might be farm equipment. The worst of the noise was heard along a strip of homes that had empty agricultural land to the west, home to what they believed was a defunct natural gas facility. Vancouver-based Link Global had set up four 1. The natural gas powers thousands of computer servers that run programs to "mine" digital currency, which involves solving complex computational mathematical equations and is often energy intensive.
Work on the plant began in August , and by fall — when neighbours started to get annoyed — it was operating at full capacity. There was just one problem: The company hadn't notified neighbours of its plans. Or the county. Or the provincial utilities commission — which allows power plants to be set up without approval if they meet several conditions, including only generating power for the company's own use and proving the plant has no adverse effects on people or the environment.
Ten households from Greystone Manor, all located along the west side of the community, with backyards facing the plant, complained about the noise to the Alberta Utilities Commission AUC.
Eight complainants rated the impact on their quality of life as six out of 10 or higher. Three rated the severity as 10 out of Riley Georgsen, with the AUC, said it's not common for enforcement to be required, but when complaints like this arise, they are taken seriously. Georgsen said once each complaint is investigated, the AUC's enforcement team puts together a case, which is reviewed by the AUC commission panel. The AUC's enforcement team argued in an application filed in March that the "seriousness and the potential for ongoing harm" meant the Link Global plant should be temporarily shut down while the commission considered how to respond to the situation.
AUC investigators wrote that Link Global initially claimed it had an "extensive history" of consultation with the AUC, Sturgeon County and neighbouring residents — but provided no evidence to back that up. A month later, in June, the company finally acknowledged it didn't notify or consult local stakeholders, as it said it was "unaware of the statutory and regulatory requirements.
Link Global had told the AUC in a January letter that it had done a noise impact assessment that found no change between the plant being turned on and off. But it didn't provide a copy of that noise assessment. The company later told AUC it would contact Alberta Environment and Parks to either seek approval that its operations don't have serious environmental impacts or to obtain confirmation that approval is not required. Stephen Jenkins, Link Global's CEO, is the first to admit the company's debut in the county didn't go as smoothly as hoped.
I take full blame for it. We did not consult with residents," Jenkins said. Jenkins said as soon as he learned of the noise complaints, the company sent out teams to measure decibel levels in the area. The company temporarily shut down operations following the AUC order and began operating only during daytime hours, though it took a few days to wind things down — another item of contention in AUC enforcement filings.
It also implemented noise abatement measures, such as a wall of straw bales and exhaust baffles. If there's more Link Global can do to make residents happy, it will, said Jenkins.
Even if it means packing up and going elsewhere. That might come as a surprise, but Jenkins said it's no trouble to relocate; that fits with how he sees Link Global operating within Alberta's energy ecosystem. Instead of coal and pickaxes, bitcoin mining involves mathematical equations and software — but critics argue the digital currency's massive power requirements make it environmentally destructive, like its namesake.
Sara Hastings-Simon, an assistant professor at the University of Calgary's School of Public Policy, said she questions the potential impacts of projects like this. But Jenkins, who has a background in forestry and international clean energy development, argues the operation can provide an environmental benefit. We wouldn't go in and put a new well in," he said. Alberta is littered with nearly , dormant or abandoned oil and gas wells, often because they're no longer economically viable.
Some of that abandoned energy infrastructure, Jenkins said, is at risk of leaking methane — a greenhouse gas more potent than carbon dioxide. You combust it properly. You don't flare it, and you control those emissions," Jenkins said. The company is also playing around with the idea of using waste heat emitted from computer servers to power greenhouses, bolstering Alberta's agriculture industry during cold weather, Jenkins said.
And though the facility employs only four people, Jenkins said it's important to him to employ locally and give former oil and gas workers a path into other careers.
The Sturgeon County plant's supervisor is a former pipefitter; he's now a bitcoin pro and an expert at keeping the plant online, Jenkins said. The company has said for every 10 MW of power, it can generate about 1. Link Global isn't the first to test this business model in Alberta. Another company, Upstream Data, has been pairing flared natural gas with bitcoin mining data centres in the province since Nevada-based Black Rock Petroleum Company has proposed bringing in up to a million bitcoin mining machines from China — estimated to be about one-third of the world's capacity — to natural gas sites in Alberta, following the country's ongoing crackdown on cryptocurrency.
It has plants near Kirkwall in Special Area 3, and Westlock, too. The Kirkwall plant was also set up without the AUC's prior approval. Jenkins disagreed, but said in June that the company and AUC were collaborating to find a solution. If they can't work it out, Jenkins said he'll simply move the operation — to another site in Alberta, Saskatchewan or B. Perhaps one with fewer or more distant neighbours.
They have to shut down operations immediately and can only resume once Link Global has proven it's either obtained permission under Alberta's environmental protection act or confirmation permission is not required.
Jenkins said he finds the AUC's decision fair and was glad it confirmed some parts of the company's operation, like the requirement that it generate power only for its own use, were in compliance.
But he said the ruling likely means the Sturgeon County natural gas facility will once again lie dormant and the jobs at the site will be lost. The company plans to submit documentation to prove the Kirkwall plant meets provincial emissions requirements to keep it up and running.
And I don't think, again, we don't need to cause them any more grief. More penalties could be on the way. The AUC will now review whether specific sanctions should be imposed against Link Global for operating without approval — a decision on that is expected this fall. Sturgeon County Coun. Kristin Toms has mixed feelings about seeing the company potentially forced out of the region.
When she first learned the cause of residents' noise complaints, Toms said, "you could have knocked me over with a feather. Toms and the county are on the sidelines of the debate over how to regulate or enforce sanctions against the plant. But when you get an oil and gas site, that falls under the purview of the province," she said. The two things just didn't meet.
But Toms is hoping for a solution going forward that will work for business and residents alike. The county has seen challenges this past year, from higher unemployment to flooding from extreme weather. The potential of more jobs is enticing. He's grateful Jenkins is offering to move — whatever will give him and his family a good night's sleep. She previously worked at HuffPost Canada.
You can reach her on Twitter or Telegram at sarahcrgr. Pseudonyms will no longer be permitted. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses.
Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time. Join the conversation Create account. Already have an account? A bitcoin mining power plant secretly set up shop in Alberta. Calgary A bitcoin mining power plant secretly set up shop in Alberta. Now it's being forced to shut down When residents of an affluent estate community in Alberta started hearing noise from a nearby power plant, they didn't expect their complaints of sleepless nights would lead to a months-long investigation that would find the company had set up operations without consultation or approval.
Social Sharing. So Kocuipchyk decided to investigate. Front Burner Mysterious noise sparks discovery of crypto power plant in Alberta. What is cryptocurrency? Sarah Rieger Reporter. Related Stories Top stories from CBC Calgary 'Up to 1 million' bitcoin processors could be relocated to Alberta from China under energy firm's proposal The vaccine procrastinators: Why some to year-olds aren't in a rush to get the jab Minnesota Supreme Court delivers blow to Line 3 pipeline opponents Calgary EMS had no ambulances available more than 3, times this past year Rocky Mountain peak officially given traditional Stoney Nakoda name, erasing racist label.
Cybertrucks, new factories in focus as Tesla set to report record earnings
O is expected to post record revenue on Wednesday, but analysts and investors are focusing on how fast Tesla can scale up production at two new factories this year with technology changes as well as battery and other supply chain constraints clouding the outlook. Automotive gross margin excluding regulatory credits are expected to be flat or up slightly from the previous quarter, despite an inflationary environment which has a negative impact on component costs, said Gene Munster, managing partner at venture capital firm Loup Ventures. Analysts said Tesla's two new factories in Texas and Berlin eventually could double Tesla's production capacity, but it is not clear whether Tesla started production. Musk said new factories will use manufacturing technology such as casting the body in only two or more pieces and integrating next-generation batteries into the vehicle body. While the new technologies would help cut the number of vehicle parts, thus reducing manufacturing complexity and bringing down costs, they could be "significant production risk," Musk said in
You should delete these fake crypto mining Android apps from your phone right now
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Bitcoin Miner Transaction Fee Gathering Capability
We are launching the new payout system in the 2Miners Ethereum pool. It will allow our users to avoid Ethereum fees when they receive transactions from the pool and to mine Bitcoin on GPUs. In this article, we talk about the new system and the required setup. For the past two months, there have been constant issues with transactions after the London upgrade in the Ethereum network. Transaction fees are too high, and transactions are often late.
How to Get Payouts for Ethereum Mining without Fees
Quantum computers and the Bitcoin blockchain has been saved. Quantum computers and the Bitcoin blockchain has been removed. One of the most well-known applications of quantum computers is breaking the mathematical difficulty underlying most of currently used cryptography. Since Google announced that it achieved quantum supremacy there has been an increasing number of articles on the web predicting the demise of currently used cryptography in general, and Bitcoin in particular. The goal of this article is to present a balanced view regarding the risks that quantum computers pose to Bitcoin. A great amount of digital ink has been spilled on the topic of how quantum computers pose an existential threat to currently used asymmetric cryptography.
Can you mine Cryptocurrency on your phone? Here are the 5 best apps to help you out
Beforehand, more than contestants took part in a 5k to start the day, with only a handful of that group willing to take the leap into the water afterwards. The plunge was complete with a belly flop and treading water contests. Skip to content. Restaurant Report Card. Pollen Count. Marquee Matchup. Classroom Champions.
Binance pool reviews. It also enables you to trade Bitcoin from iOS and Android applications. By leveraging the benefits of an exchange platform, Binance Pool offers users lower fees and more comprehensive services to increase opportunities and enable miners to earn more.
On a sweltering July day, an unlikely group arrived at a shooting range in central Texas. It was just one stop on a sprawling, statewide tour that spanned industrial power plants, trying on sleek cowboy hats with oil prospectors, and learning how to handle AR rifles. Poolin holds the second-largest share of the global Bitcoin hashrate — a measure of the computing power it takes to mine new Bitcoin — with a network of operations across Berlin, Beijing, Chengdu, Changsha, and Singapore. Up to that point, China had been a center of gravity for Bitcoin mining.
In this report we discuss a new proposed mining pool, expected to censor certain transactions. This may result in a detectable diversion from the typical revenue maximisation transaction selection policy, which forms the basis of our analysis. We used multiple versions of Bitcoin Core and newer releases of Bitcoin Core experienced a We also benchmarked our results against the real Bitcoin network and we were able to beat the real Bitcoin miners by generating 0. By gathering up Bitcoin transactions from their memory pools and constructing candidate blocks, Bitcoin miners produce block candidates before engaging in hashing in order to add a proof of work to the block. In theory, miners should aim to maximise transaction fee revenue by fitting as many transactions as possible into the blocks, with the highest fees, within the block weight limit constraint.
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