Thailand is planning its own utility tokens for tourists

With the acquisition of Bitfield, Northern Data sets course for larger market shares in the mining sector.

The Frankfurt-based blockchain and computing company announced in a press release known given to take over the company Miner Bitfield NV from Amsterdam. With immediate effect, 6,600 usable miners will be in the hands of the German company. By 2022, 26,000 more new miners, mostly in North America, are expected to go into operation. According to Northern Data, this has succeeded in expanding its services from Bitcoin hosting, Altcoin mining and cloud computing to Bitcoin mining.

Bitcoin mining world class in prospect

The aim of the takeover is to become “a leading global Bitcoin mining company with around 33,000 latest generation ASIC miners”. Northern Data would like to this year, “manage a combined global hashrate greater than 6 percent”. The focus should also be on ESG-compliant expansion (Environment, social, governance) lie. The enterprise refers on the “self-developed software and hardware with intelligent concepts and a particularly sustainable cooling technology”.

Bitfield NV could also offer some expertise in this area. The enterprise power it is its task to strengthen the infrastructure of the Bitcoin network while “at the same time promoting the further development of renewable energy sources”. For Bitcoin they therefore see the need to develop a “CO2-neutral and sustainable hash rate”.

Northern Data is picking up speed

The current pool hashrates show that the company is in attack mode. Northern Data has been a member of Rawpool. This has reached 27.56 percent within the last 24 hours increased (As of 09/28/21). So the 3,000 PH / s (petahashes per second) (or at least part of it) that the company gained with the Bitfield acquisition seems to be already having an impact. Because recently Rawpool has positioned itself in 10th place in the hash pools – with good prospects to climb even more positions in the future.

Overview of the largest hash pools, as of September 29, 2021, btc.com.

The three largest mining pools, AntPool, F2Pool and ViaBTC, were largely located in China in the past. These had to change their location in the course of the bans last year, which initially resulted in a drop in the hashrate. The USA, South America, Iran and Kazakhstan were the most popular destinations for the miners for reconstruction. However, Chinese mining companies have not yet completely disappeared from the scene. On the contrary: As Leon Waidmann shows, the current top pools are all Chinese companies. More about it here.

source site