Igor Shuvalov, The Russian First Deputy Prime Minister declared that the Russian government is taking in consideration to create government’s Cryptocurrency Mining Centers, to use the energy surplus.
According to Bitfury, the current mining capacities are distributed as it follows:
| Country | Capacity |
|---|---|
| China | 60% |
| United States | 16% |
| Georgia | 6% |
| European Union | 5% |
That could be a good move both strategic and financial.
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great post^^, followed u and upvoted some of your posts can u do that to for me pls :)
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I love your post, thanks for sharing! I gave you a vote. I hope you enjoy it.
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Thats gonna be a massive boost for Cryptocurrency so excited where this is gonna go. Nice post 👍 https://steemit.com/@darrenwilliams
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Jeez Russia is going all out with their mining operations.
Probably will help their economy as BTC starts increasing over the years.
Thanks for this share @steem-buzz
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This post received a 4.4% upvote from @randowhale thanks to @steem-buzz! For more information, click here!
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What a load of none-sense! Mining is a waste of energy and completely unnecessary.
Using POW (proof of work) algorithm was a revolutionary at the time of Bitcoin creation, but has been obsoleted when various POS (proof of stake) algorithms started to appear.
Consider that Bitshares and Steem use DPOS (delegated proof of stake) to ensure integrity of the blockchain and do not use mining. They are more decentralized, work much faster and do not need to waste billions on "mining".
Bitcoin is a first generation blockchain tech, and as such it has great brand recognition and tens of millions of users, but its technology is falling behind every year as blockchain tech industry develops.
I will say it again,
MINING IS OBSOLETE
and the sooner people realize it, the less electricity will be wasted.
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The war of Cryptocurrency begins now, each country will defend its creation in order to exist
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This post has received a 6.97 % upvote from @bellyrub thanks to: @steem-buzz.
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great post , russia has also steemit clone base on golos cryptocurrency
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This post has received a 1.77 % upvote from @booster thanks to: @steem-buzz.
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