Russian company converts former fertilizer lab into country’s largest cryptocurrency farm

It appears that Russia is ready to challenge China’s monopoly over cryptocurrency mining. A Russian company has converted a former fertilizer laboratory into the country’s purported largest cryptocurrency mining operation. The unit, named Kriptoyunivers center, will support the mining of Bitcoin and Litecoin. The center has been built over 4,000 square meters of land in the town of Kirshi near St. Petersburg, with an investment of 500 million rubles ($7.4 million). “This is the largest and so far the only farm in Russia that offers the ‘full cycle’ — not just producing cryptocurrency but also offering services to those who…

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https://ift.tt/2N3GbVT Neer Varshney August 21, 2018 at 06:00AM