Fun

Ukraine to Set up a Large-Scale Crypto Mining Data Center in a Nuclear Power Plant

News Feed - 2021-01-30 03:01:04

Ukraine to Set up a Large-Scale Crypto Mining Data Center in a Nuclear Power Plant


Ukraine’s government-owned nuclear power plant picked a firm to build a massive data center in Rivne for cryptocurrency mining operations. After a bidding process, Energoatom chose Kyiv Energy Construction Company to handle the nuclear plant crypto mining project. Nuclear Power Plant Operator Expects to Launch the Data Center in 2022


According to official documents, the data center will be based in the Rivne nuclear power plant, after the construction firm got 8.92 million Hryvnia ($317,620) in funding. The only competitor in the bidding was Ukrenergobudproek. However, they allegedly made an expensive offer, said the regional news outlet Forklog.


The Kyiv Energy Construction Company expects to finish the data center building by August 31, 2022. Per the announcement, the contractor is required to send the documentation that details the whole process. It includes “host state registers, electronic archives, and computing facilities.”


In terms of technical details, the nuclear power plant has a capacity of 2,657 megawatts, and it was built in the late 1970s. Also, the operations of the state-owned nuclear facilities started at the beginning of 1980.


In October 2020, Energoatom also signed a memorandum with a subsidiary of crypto mining giant Bitfury. With the new data center, local media outlets believe Bitfury miners could move their operations into the power plant’s facilities.


Ukraine’s Interest Towards Building Crypto Mining Data Centers in Nuclear Plants


The deal between Energoatom and Kyiv Energy Construction Company is not a surprising move. In fact, the Ministry of Energy of Ukraine asked Energoatom in May 2020 to conduct research to assess crypto mining’s feasibility at their nuclear plants.


As an anecdotal fact in terms of crypto mining in Ukrainian nuclear plants, the nation’s Security Service found illegal crypto mining equipment in a nuclear power plant in 2019.


The installation’s illegal mining rigs were found in the Southern region of Ukraine. Moreover, the investigations determined that such illegal equipment breached a “state secret.”


What do you think about this announcement of building crypto mining data centers in nuclear power plants? Let us know in the comments section below. Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar MINING | 8 hours ago Crypto User Builds a Mining Rig in the Back of His BMW Hybrid Car With Six Graphic Cards MINING | 2 days ago Tags in this story BitFury, crypto mining, data center, Eastern Europe, Illegal Bitcoin mining, Mining Rig, nuclear power plants, Ukraine


Image Credits: Shutterstock, Pixabay, Wiki Commons Use Bitcoin and Bitcoin Cash to play online casino games here. Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Brayden Lindrea8 hours agoBalancer blames ‘social engineering attack’ on DNS provider for website hijackBlockchain security firms SlowMist and CertiK also believe the crypto wallet drainer, Angel Drainer, was involve
Why Isn’t XRP Skyrocketing? Expert Explains The Hidden Forces
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of ‘Excellent’ Adoption Rate
Nigerian Experts: CBDC Still Unattractive to Users Despite Claim of "Excellent" Adoption Rate Nigerian blockchain and cryptocurrency experts have suggested that many prospective us
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements
Russia Developing Payment Gateways With Partners Like Turkey, Mulling Crypto Settlements Bank of Russia is building a system of gateways with foreign payment networks and is now wo
DeFi Devs get real-time Bitcoin ETF data with Pyth Network
Savannah Fortis12 hours agoDeFi Devs get real-time Bitcoin ETF data with Pyth NetworkPyth Network introduces Bitcoin ETF price feeds to allow DeFi developers access to real-time market data, bridging the gap between trad
Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving
Prediction: Bitcoin to Rival Gold as a Store of Value in the Digital Age Thanks to Halving The total market capitalization of gold is estimated to be above $7 trillion, which is
Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%
Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58% Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 bi
Turner Wright8 hours agoUS House committee leadership threatens to subpoena SEC over FTX docsPatrick McHenry led efforts starting in February to obtain communication records between SEC and Justice Department staff over
Rwandan central bank proceeds with ambitious retail CBDC project
Derek Andersen2 hours agoRwandan central bank proceeds with ambitious retail CBDC projectThe African country is eyeing a tokenized retail CBDC with offline transfer capabilities as it heads toward a cashless economy.1050
Savannah Fortis10 hours agoBinance plans to delist stablecoins in Europe, citing MiCA complianceA Binance executive said the cryptocurrency exchange plans to delist stablecoins in the European market by June 2024 in orde
Hacker from the 2016 Bitfinex Breach Transfers $21M Worth of Bitcoin to Unknown Wallets
Hacker from the 2016 Bitfinex Breach Transfers $21M Worth of Bitcoin to Unknown WalletsOn Wednesday morning (ET), around 2,034 BTC ($21.6 million) from the 2016 Bitfinex hack moved
Tokenization’s next phase requires real-world data integration — Chainlink
Ezra Reguerra1 hour agoTokenization’s next phase requires real-world data integration — ChainlinkChainlink Labs’ director of capital markets said that enhancing tokens with real-world data could unlock better appli