Although the days of personal mining are over, there is still plenty of news to cover when it comes to the larger operators in the bitcoin mining industry. Let’s take a look at some of the most important stories in bitcoin mining from the past few weeks.
New Bitcoin Mining Center to Open in Washington
Although other areas of the economy are still struggling to recover from the downturn in 2008, the bitcoin mining industry is booming. ASICSPACE recently announced a plan to build a new collocation center in Wenatchee, Washington, and this seems to be a continuation of the trend towards large centers for bitcoin mining. The center will be a variation of a cloud mining facility where miners can rent storage and power for their mining hardware. Although Wenatchee does not offer the cheapest electricity in the world, it is, in fact, far below the average price when looking at American cities. If you’re going to build a facility like this in the United States, this is the place to do it.
KnCMiner Plans New Mining Hardware for 2015
You have the right to be skeptical whenever a mining hardware company says they have some new products right around the corner. Still, KnCMiner has recently announced that the next iteration of their ASIC devices will be available in early 2015. The device will go by the name of Solar, and it is expected to provide significant improvements over the efficiency of the ASIC miners currently available on the market. The device consumes roughly 0.57W per GH/s, and is expected to offer six times the performance of KnCMiner’s current ASIC hardware offerings. It will be interesting to see how many of these devices make their way out into the wild after Bloomberg reported KnCMiner’s intentions of keeping much of their hardware to themselves earlier this year.
BTC Guild Could Be Sold
One of bitcoin’s most historic mining pools could be on the market in the near future. Michael Marsee, the founder of BTC Guild, recently announced plans to close the mining pool, but he also later stated that the pool could be sold for the right price. Multiple parties approached Marsee in attempts to purchase the pool after he made his original announcement. It seems that there are plenty of individuals who would like to see the pool continue to exist in the bitcoin mining ecosystem. The original plan was to close the pool at the end of January 2015, but it looks like it could stick around for much longer if a deal with a buyer can be completed over the next few months.
BTC Guild was the largest mining pool on the bitcoin network at one point in time, and many became concerned that the pool could pull off a 51% attack if it continued to grow in 2013. The pool has since declined to roughly 5% of the overall network hashrate, which makes it the 4th largest mining pool in bitcoin.