Remote Siberian data centre reaps rewards of bitcoin rally - News Summed Up

Remote Siberian data centre reaps rewards of bitcoin rally


Bitcoin is earned -- or 'mined' -- by using your computer to help process the uncrackable "blockchains" or digital transaction records that underpin the currency. The rewards for those who can verify transactions in the process which produces bitcoins have never been greater. BITCOIN VOLATILITYRussia granted cryptocurrencies legal status last year, but banned them from being used as a means of payment. "It allows us to host foreign clients' computing equipment on Russian territory with settlements for this in dollars or roubles." Runets said BitRiver uses more than 90% green power as it builds data centres in regions with electricity surpluses and renewable energy sources nearby.


Source: The Star March 09, 2021 16:00 UTC



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