Sport Bitcoin Soon to 25 percent Made in Russia? Krypto Association Umgarnt China's Miner

21:16  21 july  2021
21:16  21 july  2021 Source:   t3n.de

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Due to the developments of recent weeks, China is mutated to a hot pavement for Bitcoin miner. Russian Krypto Proponents of the Consortium Racib want to lure Chinese mining companies in the north.

Bitcoin Mining. © Mark Agnor / Shutterstock Bitcoin Mining.

In Russia, an initiative was started to attract Krypto miners. The Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain (short: RACIB) announced her endeavor to , which aims to relocate global computing resources for crypto mining into the Russian Federation.

In the announcement, several points are mentioned that Russia certify particularly favorable features for miners. This includes, among other things, the large electricity surplus in the Russian Federation. Depending on the region and generation system (according to RACIB also, taking into account the high wear of the power plant systems and the performance redundancy), this can be more than 50 percent of the installed electrical power. The cold climate in many Russian regions is also considered to be advantageous for miners. Because it makes it possible to organize the device cooling without the use of special cooling units, which benefits energy efficiency.

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Racib also wants to operate an ecological mining project

Speaking of energy: Most recently, the crypto mining was repeatedly because of its poor CO2 balance sheet Criticized. The prominent example for this is certainly Elon Musk. But the Racib also has an answer to this critique. Accordingly, one of the RACIB working groups develops an eco-project for the construction of mining operations. Their care should be done by "green" stream of power plants based on renewable energies. In addition to water and nuclear energy, which accounts for about 40 percent of the total energy balance of the country, new power sources are also considered, for example on the basis of winding.

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In order to promote and implement the project, RACIB is working closely with Russian government agencies and government companies. The aim is to form a number of joint workgroups with local state structures. There is already cooperation with some foreign partners. This includes a consortium from some of the largest crypto mining companies in China. The announcement states that companies of this consortium "control more than 25 percent of the global hashrates of the most important crypto currencies".

Russia is not the only country that Chinese Miners offers its energy capacities to act as an important actor in the industry. The mayor of Miami, Francis Suarez, invited in June publicly Chinese crypto mining companies to consider the establishment of data centers in his city after the government in Beijing had demanded the decommissioning of mining farms.

Author of Article is Christian Stede.

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