#mining

A bitcoin mining operation powered entirely by "green" nuclear energy has just launched in Pennsylvania. TeraWulf has announced that it will be using the Susquehanna nuclear power station to mine BTC. The key details about the project: Nuclear power station capacity – 2.5 GW. Fixed cost of electricity – $0.02 per kWh for five years. Planned load – 50,000 mining rigs, 160 MW. Actual load at present – 8,000 mining rigs. Computing power – 5.5 EH/s. With such a low electricity rate, this project promises to be highly profitable even in a bear market. Indeed, it's a far cry from mining BTC in a school's crawlspace!

Hivemapper has finished beta testing a recorder that can be used to earn Honey tokens for contributing to the development of a decentralized global mapping. The technology is simple: 📌 You get paid for videos of routes you plot on maps. 📌Others buy these videos if they suffer from complete lack of sense of direction. 📌Founders of the project make money by selling its car recorders at the cost of an airplane wing. We once joked that people would soon start mining with kettles. And we were right, though wrong about the device. - Patrick, Move-to-Earn is off the table! - If not M2E, then what? - Drive-to-Earn.

Loans were issued against mining equipment. The creditor has about 68,000 of them, as of today. The company started selling last year. Unfortunately, some loans have already been declared default. The average price of BlockFi's credit ASIC miner is $2,350 and ASIC's current market value is $1,400. The total companies' debt to the industry in similar loans is estimated at $4 billion. Apart from BlockFi, loans were also issued to NYDIG, Celsius Network, Foundry, Babel Finance, and Galaxy Digital.