Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.
It is about Gazprom Neft, Russia’s third-largest oil company, which is partnering with BitRiver to promote mining Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. locally with the energy derived from their activities.
- Gazprom Neft announces alliance with BitRiver en Russia.
- Se instalarán centros mineros cerca de campos petroleros.
- According to BitRiver, Gazpromneft will provide up to 2 gigawatts for cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. mining.
- The announcement comes at a complicated time for cryptocurrencies in Russia.
The state-owned gas a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. company based in Russia, Gazprom Neft, anunció una alianza con la compañía de minería BitRiver, which will take advantage of the electrical energy derived from oil activities to generate crypto funds, especially in Bitcoin.
Gazprom Neft announces alliance with BitRiver
This was announced by the team of BitRiver in a statement released yesterday, in which they indicate that the company is committed to providing the infrastructure for the data centers, while the company is committed to providing the infrastructure for the data centers. Gazprom Neft will provide the necessary energy to ensure operations. The idea is to build cryptomining stations near new oil fields on Russian territory.
It is expected that this alliance between BitRiver y Gazprom Neft provide cryptocurrency mining power plants with an intensive flow of electrical energy, producing up to 2 gigawatts to fully guarantee the mining of cryptocurrencies based on Proof-of-Work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. (PoW).
In this regard, the CEO of BitRiver, Igor Runets, commented:
“Over the next two years, BitRiver intends to implement projects to create its own data centers for energy-intensive computing with scale power of up to 2 [gigawatts], including [associated oil gas], which will also provide high and stable power consumption.”
Cryptocurrencies and mining in Russia
The announcement of this alliance comes in the midst of a particularly complicated moment for Russia, since due to the armed incursion that the country is promoting in Ukrainian territory, the nation is exploring financing mechanisms that could bring new income after the international sanctions imposed by countries, organizations and companies of high caliber.
The announcement also comes at a complex time for cryptocurrencies within the Soviet country, as the government is pushing for these to be properly regulated regulation is when something is controlled by a specific set of rules. for the reasons outlined above, while theBanco Central The national government is adamant in prohibiting its commercialization and use because of the problems it would pose to the local economy.
From the international level, many regulators are concerned about whether cryptocurrencies could work as a mechanism for the Russian government to evade sanctions against it. However, several reports claim that the transparency and traceability of operations, coupled with the low liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. of the market an area or arena, online or offline, in which commercial dealings are conducted. compared to other lines of business, would not allow the nation to see there a mechanism to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. its current situation.
Profitability of Cryptocurrency Mining
Another detail pointed out by experts and analysts has to do with the profitability of cryptocurrency mining based on PoW, especially at a time when most projects are implementing different mechanisms in order to employ more environmentally friendly models.
For now, the main exponent that operates under the PoW es Bitcoin, currency currency is a medium of exchange that defines value. that after the fall of the market would be seeing a very dark outlook for those who perform mining operations. Analysts say that with a BTC que ronda los USD $20.000 no sería rentable costear la minería en la actualidad, en especial para quienes realizan estas operaciones a baja y mediana escala.
In this regard, an analysis presented by the team of CryptoRank expone:
“Due to a significant drop in the price of BTC in recent months, mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. has become less profitable. For some Bitcoin miners, it might not even be profitable at this point.”
- Bill to ban crypto as a means of payment submitted to Russian Parliament
- Russia ‘actively discussing’ use of cryptocurrencies for international payments, report says
- It’s “a matter of time” before Russia regulates cryptocurrencies as a form of payment, minister says
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash