This is the second major crypto mining facility that popped up in Oman after the one in November 2022.
Oman’s Ministry of Transport, Communications, and Information Technology has reportedly opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone. The facility’s estimated value is over RO 135 million .
The company which set up the facilities is Exahertz International. Its CEO Sam Fedows hinted that a wider network of blockchain-based centers could pop up in the Sultanate of Oman in the near future, starting with a pilot in the Salalah Free Zone. Fedows informed that the crypto mining centers will use local infrastructure , arguing they could boost Oman’s economy. He added that the facilities use machines produced by the Chinese crypto mining manufacturer Bitmain Technologies.
There are some periods throughout the year when the latter produces more electricity than necessary, which could be one way to avoid wastage. Speaking on the matter was President Sadyr Japarov, who greenlighted the project:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Google Introduces Much-Needed Enhanced Google Photos FeatureGoogle is rolling out a big AI-powered upgrade to Google Photos that will make it much easier to explore and share a growing library of photos and videos.
Weiterlesen »
Deep-Sea Mining Could Begin Soon, Regulated or NotMining the seafloor could boost global production of clean energy technology—and destroy the ocean in the process
Weiterlesen »
Bitcoin Mining Stocks Are Up 200% YTD, but One Has Soared Almost 400%While several BTC mining stocks have soared significantly, one stands above all.
Weiterlesen »
Mining 1 BTC in Lebanon is 783x cheaper than Italy: CoinGeckoA recent report from CoinGecko shows that solo Bitcoin mining is profitable for individuals in just 65 countries, factoring in household electricity expenses. In Lebanon, producing one Bitcoin costs approximately 783 times less than it does in Italy.
Weiterlesen »
Australian Mining — Can It Power All The New EVs?Can Australian mining produce the materials necessary to power the rEVolution and also generate enough export income for the country?
Weiterlesen »
Australian Regulator Sentences Crypto Lender Helio for False License ClaimsThe crypto lending platform pleaded guilty to ASIC’s charges, and the regulator considered the plea during sentencing.
Weiterlesen »