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Blockstream Launches Bitcoin Mining Solution
Blockstream, a leading Bitcoin company, has announced the launch of a mining infrastructure-as-a-service solution based in Quebec. This initiative was revealed by Blockstream's CIO Chris Cook and CSO Samson Mow, who emphasized that the service is tailored to meet the needs of institutional and enterprise clients, allowing them to host mining equipment in dedicated data centers.
The new service aims to support the growth of the Bitcoin ecosystem by facilitating the entry of new players into the mining sector. Cook and Mow stated, "Our hosting services support the rapid deployment of nearly any type of Bitcoin mining equipment and provide customers with full control over their mining activities."
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"We believe that Bitcoin owners and businesses dealing with Bitcoin should participate in mining to ensure the decentralized security of the Bitcoin network," said Mow and Cook.
In summary, Blockstream's new mining solution is designed to enhance the accessibility and control of Bitcoin mining for institutional clients, reinforcing the decentralized nature of the Bitcoin network.
Bitcoin Miners Return to China Despite Ban
Despite an official ban on cryptocurrency mining, many miners are returning to China, driven by cheap electricity and unused computing power. According to Julio Moreno, head analyst at CryptoQuant, "Bitcoin mining is still officially banned in China, yet there are still significant capacities being utilized." Currently, China ranks as the third-largest country for cryptocurrency mining, with 14% of all cyber coins being mined there.
In the Xinjiang province, abundant energy resources are being used for cryptocurrency transaction verification, as local mining projects continue to develop. Some local governments are reportedly looking to utilize their oversized data centers through mining activities.
In conclusion, the return of Bitcoin miners to China highlights the ongoing demand for mining operations, despite regulatory challenges, and reflects the significant role of cheap energy in the mining landscape.
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