Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.
Coinmint , a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York.
Coinmint to Invest up to $700 Million in New York Mining Center
Coinmint has announced it commenced operations at its newest crypto mining facility in New York. Operated via its wholly owned subsidiary, North Country Data Center Corporation, it is already mining several cryptocurrencies including bitcoin, dash and ether.
Why the phone is ringing off the hook for real estate in a small, upstate NY town
A hydroelectric dam in upstate New York is like a moth to a flame for crypto miners looking for property.
Its surrounding areas’ cheap electricity is driving interest in property from miners near and far, according to the New York Times.
Small New York Town Getting $165 Million Investment from Bitcoin Cloud Mining Company
The state of New York is allowing a Bitcoin mining company called Coinmint to set up shop in its state. This comes as particularly surprisingly news as New York is well known for its rigorous regulations and closed doors to the crypto world, with the BitLicense being the best example.
World’s Biggest Cryptocurrency Mining Farm To Be Set Up in Upstate New York
New York has been the business capital of the world for decades now. The state of New York might soon even become the Bitcoin Mining capital of the world as a $700 Million Bitcoin mining farm is expected to be set up in upstate New York soon. The project is being planned by cryptocurrency mining organization Coinmint.
New York: Coinmint Launches One of the Largest Crypto Mining Plant
Upstate New York – Cryptocurrency mining company Coinmint has just launched operations at its newly established facility in the town of Massena. Through its subsidiary, North Country Data Center Corporation, the firm has already begun mining a number of cryptocurrencies, including Bitcoin, Dash, and Ether.
Bitcoin [BTC] miners in the US get ‘Special Price’ on electricity bills
On 12th July, The New York State Public Service Commission [NYPSC] announced that Massena Electric Department has received the approval to “allow high-density load customers such as cryptocurrency companies to qualify for service under an individual service agreement”.
Former Alcoa Smelting factory turns to Crypto Mining in upstate New York
From Melting to Minting: A former Upstate New York aluminum smelting facility is getting new and unexpected tenants. Aluminum refining and smelting company Alcoa has signed a 10-year lease, including options to renew, with cryptocurrency mining company Coinmint.
Proposed Mining Facility: Coinmint Wants to Open the Largest Crypto Mining Facility in the USA
The USA based cloud mining provider, Coinmint has confirmed that it will go ahead with its proposed plan to open a cryptocurrency mining plant at its newest crypto mining facility in Massena, New York.
Coinmint To Invest $700 Million in Former NY Aluminium Plant
Coinmint has reached an agreement with the local authorities of Upstate New York’s Massena country. The New York Power Authority (NYPA) decided to support an initiative by NCDC, the Coinmint subsidiary North County Data Center, to open a bitcoin mining facility in the premises of the old aluminum smelting plant known as the Alcoa East Facility.
Coinmint Set To Open Massive Bitcoin Mining Farm In Upstate New York
Coinmint, the cloud mining platform has unveiled its latest Bitcoin mining facility located in upstate New York. The company revealed the new site in a statement released on June 5, 2018. The Coinmint facility becomes the latest Bitcoin mining farm in North America as there continues to be an influx of cryptocurrency miners into the region.
Coinmint launches Bitcoin Mining Security Token Auction, enabled by Securitize.io
Coinmint, operator of the world’s largest digital currency data center, today announced the launch of its token auction through its partnership with security token issuance platform, Securitize.io. Each token is equivalent to one terahash (TH) of Bitcoin mining processing power
Coinmint’s Bitcoin Mining Project is a Crypto Cloud Facility Worth $700 Million
According to reports on June 5th, the Coinmint mining service announced that they would continue with the creation of their Bitcoin mining plant. It is planned to establish the plant in Upstate New York in an abandoned smokestack, which is a 1300-acre space that was previously the home of an aluminum smelting plant and will be fully complete by the end of 2019.
Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.
Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York
Crypto Miner to Transform Former Alcoa Plant into World’s Largest BTC Miner
Bitcoin miner Coinmint intends to go on with its plans to transform Alcoa’s 1,300-acre site, which was previously used for aluminum smelting, despite the declining price of Bitcoin. On Tuesday, the company announced that it is ready to invest up to $700 million in the new plot located in New York state close to the Canadian border.
Coinmint Expects New York Crypto Mining Facility To Be World’s Largest
Coinmint signed a lease for the 1300 acre Alcoa site in Massena, New York, which has a 435-megawatt power capacity, on December 1, 2017. Operations to convert the space into a cryptocurrency mining farm are now underway after a reported $50 million investment. Significant expansion is planned for the next 12 months, which is expected to bring the total investment to $700 million dollars.
New York Might Become Home to the World’s Largest Bitcoin Mining Center
If the striving plans being taken by cryptocurrency mining firm Coinmint turns out successful, upstate New York might soon turn out to be the world’s largest bitcoin mining center. Coinmint, through its subsidiary North Country Data Center Corporation, has spent about $50 million so far to change a 1,300-acre Alcoa aluminum smelting plant in Massena, NY.
Coinmint Setting up a 435 Megawatt Bitcoin Mining Operation in New York
Bitcoin mining has become a major business venture over the years, and various companies and investors are taking a closer look at it. An old Alcoa plant in New York will be turned into a major Bitcoin mining operation soon. This $700m investment will create 150 new jobs in the process.
Coinmint To Spend $700 Million On New Bitcoin Mining Center
A matter of kilometers from the Canadian border and the hubs of Ottawa and Montreal, stands the small town of Massena, NY. The population is just over 12,000. But now, a 10-year lease deal will see a $700 million Bitcoin mining center opened, which is expected to become the largest of its kind in the world.
New York may soon be home to the world’s largest bitcoin mining center if the ambitious plans being undertaken by Coinmint fall into place. In June, a mining company through its subsidiary North Country Data Center, invested an estimated $50 million to convert a 1,300-acre Alcoa aluminum smelting plant in Massena, New York into a mining station.
Coinmint has announced the launch of its token auction through a partnership with its security token issuance platform, Securitize.io. Each token is the equivalent of one terahash of Bitcoin mining processing power. Securitize.io’s first-of-its-kind, fully automated system allows accredited investors to receive daily payouts.
Coinmint To Begin Bitcoin Mining On An Old Alcoa Plant
Residents of Massena Town in upstate New York are jubilant after one of the largest digital currency data center, Coinmint, reported that it is setting up a bitcoin mining company in the town. The company will re-purpose an old aluminium smelting plant that was abandoned 4-years ago.
A Bitcoin Miner’s Guide to America’s Cheapest Electricity
The average retail residential cost of a kilowatt-hour (kWh) of electricity in the United States is right around 10 cents. Like all averages, there are lower and higher costs. For large industrial consumers, the U.S. average falls below seven cents per kWh. In one U.S. city, Massena, New York, the industrial rate was a mere $0.02 per kWh.
World’s Largest Digital Currency Data Center Announces Partnership with the Leader in ASICs Mining Technology
Today, Coinmint, a firm that utilizes data servers to process digital currency transactions, and Innosilicon, a semiconductor design firm specializing in cryptocurrency mining ASICs, announce their partnership that marries the largest global mining capacity with the most efficient mining technology in efforts to corner the digital currency processing market.
World’s Largest Digital Currency Data Center Commences Operations
Coinmint, a firm that utilizes data servers to process digital currency transactions, has commenced operations through its wholly owned subsidiary, North Country Data Center Corporation. The company’s blockchain infrastructure services several prominent digital currencies including Bitcoin, Dash and Ethereum. The 1300-acre, 435-megawatt site in Massena, New York, maintains the largest capacity from a digital currency data center in the world.