Crypto cloud mining app review
Cloud mining or cloud hashing enables users to purchase mining capacity that of hardware in data centres. Two operators, Hashflare and Genesis Mining , have been offering contracts for several years. Bitcoin cloud mining enables people to earn Bitcoins without bitcoin mining hardware, bitcoin mining software, electricity, bandwidth or other offline issues. Bitcoin cloud mining, sometimes called cloud hashing, enables users to buy the output of Bitcoin mining power from Bitcoin mining hardware placed in remote data centres. Then all Bitcoin mining is done remotely in the cloud.
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Bitcoin mining in India: A profitable venture?
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.
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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.
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Here’s the truth about the crypto miner that comes with Norton Antivirus
Best Mobile Apps to Mine Bitcoin
Decades ago, every major software computer company would maintain basements full of computers that crunched numbers day and night. Rooms the size of gymnasiums would be devoted to the servers that keep the lights on. That all changed in the era of cloud computing. Instead of sacrificing precious underground real estate, software companies began to rent computing power from warehouses full of powerful machines hosted elsewhere.
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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.
Lookout Unearths Android Crypto Mining Scams
Miners authorize transactions and safeguard the underlying blockchain, which benefits the public. Mining also offers a financial incentive: for each block mined, you will receive a little bit of Bitcoin. Miners often use high-end GPUs and specialized ASIC processors because more powerful machines have a better probability of mining a block.
This 19-year-old earns $54,000 a year mining bitcoin as a full-time job — here's what it's like
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B itcoin and other cryptocurrencies are, depending on who you speak to, taking over the world. They have erupted onto the scene in the last few years, with seeing them each new levels of exposure. They are everywhere now, and it's hard to get through a day without seeing or hearing some reference to Bitcoin or another cryptocurrency. But a lot of people still have questions about them. It takes around 10 minutes to mine just one Bitcoin, though this is with ideal hardware and software, which isn't always affordable and only a few users can boast the luxury of. More commonly and reasonably, most users can mine a Bitcoin in 30 days.
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