More and more countries are joining Crypto golden rush. Russia is one of them.
Recently Russian government did show 180 degree flip from discussing possibility to jail crypto enthusiasts and miners for 7 year in March 2016 to full green to crypto projects while Russian president Vladimir Putin meets Vitalik Buterin on The International Economic Forum St. Petersburg conference in June 2017.
After the concept of Blockchain was understood as an opportunity to get rid of corruption and sloshing the funds from dying fiat economy into crypto. Obviously current technology gives a chance lagging counties to take advantage. It seems that maneuver works - while USA SEC is trying to ban the crypto unicorn, Acting Minister of Trade and Industry of the Russian Federation said:
“So far, virtual money serves a very small niche in the market. The same Bitcoin does not find common use cases; its use is rather exotic. At the same time, the crypto currency can potentially gain popularity: it is convenient for use in electronic commerce and significantly increases the speed of transactions”
What a leap now!
Russia is joining mining race and willing to compete for mining power against China.
Recent announcement made by Dmitiy Marinichev - who is Internet Ombudsman and Adviser at the Presidential committee for the Protection of the Rights of Entrepreneurs in Russian – that RUSSIAN MINER COIN http://www.rmc.one/ is going to have and ICO to rise $100m aming to build Russian mining pull which will take over 30% market share of any currency mining (BTC, ETH)– sound way ambitious, but…
In the project presentation mentioned that mining pull will be built on a new multicell processor which is x35 times faster than existing videocard miners for Ethereum and ERC20 tokens. The processor was developed in Russia by local company (name is Multiclet) and miners will be produced by company Smartheat http://smartheat.io/en/
Also if you think of two other factors like cold Climate, cheap and independent Energy supply the projects seems promising. Cost of energy in Russia currently is 1.3 cents per KW/h which is 10 times cheaper than in the US for example.
) RUSSIAN MINER COIN will have Pre-ICO from 7th till 25th of August where 1 token RMC will be sold at $4000 and minimum entry level should be $250 000 which basically mean they want to invite big investors first, and after during ICO 28.08 – 20.09 One RMC token will be sold at $4100 to $4900 with minimum investment of 1 token. First advanced MULTICLET miner will be presented in 10 months (May’18). http://www.rmc.one/
The mining competition is getting interesting – looking forward to see ICO results and news from Bears Team.
images source: cointelegraph
Forget oil, Russia goes crazy for cryptocurrency
Love your post, upvoted! It reminded me of this guy last July:
Hero 1: Satoshi Nakamoto
Hero 2: Edward Snowden
Hero 3: this guy
After Vitalik meeting with Putin - there is no questions; "Buy Bitcoin!"
this is like an approval from the top to "Buy Ethereum!"
These guys are going to mine ERC20 faster than anyone - by using chip Russians produce for Satellites
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