-- About 6,000 older Bitcoin mining machines in the US will soon be idled and sent to a warehouse in Colorado Springs where they’ll be refreshed and resold to buyers overseas looking to profit from mining in lower-cost environs.Baltimore Wants to Sell Hundreds of Vacant Homes for $1 Each
Some 600,000 S19 series computers, which account for a majority of machines currently in use, are moving out of the US mostly to Africa and South America, according to an estimate by Ethan Vera, chief operating officer at crypto-mining services and logistics provider Luxor Technology in Seattle. There are miners in the US opting not to sell their hardware and instead transfer the equipment to regions with lower electricity costs and third-party data centers. Nuo Xu, who has two sites in Texas, is traveling this month to Ethiopia, Nigeria and a few other countries to scope out locations for about 6,000 older computers.
“Ethiopia is really becoming a big player in the digital mining ecosystem,” said SunnySide’s Kulyk, who added his company is negotiating a deal to help move between 20,000 and 40,000 rigs to the east African nation.Not all US-based equipment leaves the country. That process can be tougher for publicly traded companies because they have to take risk-averse shareholders into account.
Five of the biggest miners raised more than $2.7 billion from selling shares in the two years ended in December. Since the start of this year, those same miners have raked in an additional $840 million, according to the researcher.Former Medicine Hat police chief alleges harassment led to resignation in $1.8M lawsuit
Restaurant robots are the ‘vanguard of automation,’ top analyst says. It’s not coming for fast-food workers’ jobs—it’s actually helping them
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