Skip to main content

Russia Has Found Best Location for Crypto Miners

The Russian Association of Blockchain and Cryptocurrency has conducted a study to determine the best location for cryptocurrency mining in the country. The best region found is a major transport and distribution center as well as a transit hub with cheap electricity. Currently, there are very little crypto mining activities in that area.

Best Location for Crypto Mining

The Russian Association of Blockchain and Cryptocurrency (RACIB) has conducted a study of the attractiveness of Russian regions for cryptocurrency mining, local publications reported on Monday. This association was formed to unite blockchain participants as well as owners, miners, and investors of cryptocurrencies and initial coin offerings (ICOs). Its formation was as announced in August by President Vladimir Putin’s adviser on Internet issues, Herman Klimenko.
According to its findings, the Krasnoyarsk Territory scores the best overall. Krasnoyarsk is the largest territory in the Russian Federation and the second largest federal subject. Its area spans 2,339,700 square kilometers, or approximately 903,400 square miles. Its administrative center is the city of Krasnoyarsk, the third largest city in Siberia with a population of about 1 million.

Comments

Post a Comment

Popular posts from this blog

Odd-Even For Delhi A Must, Says Team Kejriwal In Court Today

New Delhi:  Whether the Odd-Even plan to restrict cars in Delhi to cut deadly pollution can be enforced with exemptions to women and two-wheelers - as the Arvind Kejriwal government wants - is likely to be decided by the National Green Tribunal today. After a slight drop in pollution on the weekend, the air quality worsened again today even as schools re-opened in the capital.
Post a Comment
Read more

Why is India Perfect for the Bitcoin Revolution?

It is often a topic of discussion about Bitcoin’s place in the developing world. In the developing world, only 41% of people have bank accounts compared with 89% in the developed world. Within developing nations, cash is king and has been for many years. Most individuals in these nations won’t have experienced the modern forms of banking that the developed world are used to and any change to this would require a gradual introduction of change to ensure an efficient deployment. However, people in developing nations now have a chance to skip the current banking infrastructure we have in place and move straight towards a trustless, decentralised and immutable financial system. One of the major reasons as to why India is perfect for the Bitcoin revolution is due to their population’s lack of banking infrastructure. India is the 7th largest economy in the world, based on their nominal GDP of $2.5 trillion. However, there are 233 million people in India who do not have a bank account, w...
Post a Comment
Read more

Aadhaar Card Linking: Things To Do By December 31 And February 6

Aadhaar is now becoming a must for a range of transactions, financial and otherwise. From investment in savings schemes to operating a bank account, even using a mobile phone will require you to link your Aadhaar number - the 12-digit identity number printed on Aadhaar card - with mobile SIM. Many telecom companies have asked their customers to link Aadhaar with mobile connection (SIM). Many telecom companies have now started sending alerts to customers about completing the Aadhaar-Mobile number linking process. Telecom companies have cited a government directive making it mandatory to link Aadhaar with mobile number by February 6, 2018. They had earlier instructed their customers to start the process of linking their Aadhaar card numbers with phone numbers. How To Connect Phone Number With Aadhaar If you have opted for 'eKYC' - Aadhaar-based activation - by providing the biometrics while applying for the mobile connection, you do not need to go through the Aadhaar-SIM link...
Post a Comment
Read more