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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Thats gonna be a massive boost for Cryptocurrency so excited where this is gonna go. Nice post 👍 https://steemit.com/@darrenwilliams
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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The war of Cryptocurrency begins now, each country will defend its creation in order to exist
great post , russia has also steemit clone base on golos cryptocurrency
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MINING IS OBSOLETE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.