Bitcoin mining’s future is green, and Russia has the best chance
Despite unclear crypto regulations in the country, Russia may become the leader in sustainable crypto mining. Last month, Chinese President Xi Jinping, declared that China has plans to become carbon neutral by 2060, calling for a “green revolution.”If the plan is properly implemented, it could help China to finally shed its biggest-polluter status and significantly improve the global ecosystem, which could also drastically shake up the country’s eminent Bitcoin (BTC) mining industry.The most well-known mining hub of China is the Southern province of Sichuan, which has an abundant....
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Like games? Like bitcoin? Well, here's another opportunity for fans of both to get their digital currency freak on while enjoying an hour or two of their favorite games. Online retailer Green Man Gaming is now allowing users to purchase PC games with bitcoin. After a whopping 89 percent of their buyers expressed interest in the digital currency, the online platform felt it could no longer ignore the signs, and added bitcoin to their list of acceptable payment methods. Currently, only those who pay in U. S. dollars are able to make purchases in bitcoin, but the company feels this is a good....
Bank of Russia which is the nation’s central bank has admitted that cross-border crypto transfers are next to impossible to avoid. At the current moment, the geopolitical climate of Russia has been under a lot of stress. According to other local news outlets, the central bank has adopted a different approach when it comes to […]
A couple of weeks ago, Russian authorities announced that Bitcoin use was legitimate in the eyes of the law. With a population of 146 mln people, Russia is an important market for Bitcoin and other digital currencies. Cointelegraph spoke to Jake Smith of Bitcoin.com to find out if the new development calls for a celebration. Giving Bitcoin the green light. Cointelegraph: Russian authorities just endorsed the use of Bitcoin as legal. What is your reaction? Jake Smith: Over the years we've heard countless rumors about some country or another first banning Bitcoin, then clarifying that they....
The road to a green bitcoin continues. This time, it’s with an idea so wild that it just may work. It arrives via a whitepaper titled “Greening Bitcoin With Incentive Offsets” by Troy Cross and Andrew M. Bailey. Did they find a way to align the protocol’s incentives with the green bitcoin future some people […]