Vikas Gupta, CEO of MinersatWork (MAW) mentioned that in 1965, tiny and underdeveloped, Singapore’s prospects did not look good. It had no natural resources. He admires and learnt that how a small country without the resources has proven to the world for its success today. Despite her short comings, with R&D and innovation Singapore is more successful than others. ‘This is Minersatwork’s formula’ he stressed. ‘Crypto mining is considered expensive or rather not viable in Singapore due to higher costs of rents, salaries and electricity.
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