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Russia Mining Company (RMC) has taken over the facility of the now-defunct Nadvoitsy Aluminium Plant in the northern Karelia region, which ceased operations in 2018 due to U.S. sanctions. RMC plans to turn the aluminum plant into a mega Bitcoin mining farm that would control 20 percent of the world’s
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Russian news outlet RBC reports that the Nadvoitsy Aluminum Plant of the second largest aluminium company in the world, Rusal, is set to reopen activity on its old site but this time as a Bitcoin(BTC)trade mining farm.The metal plant was one of the largest in Russian before it was closed
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Russian Mining Company will station the equipment for mining on the metalworking plant that is not used since August 2018. Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian
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Andrey Rybkin, a Russian nuclear scientist working at the All-Russian Scientific Research Institute of Experimental Physics, has been sentenced to three years in prison with a hefty fine of 200k rubles ($3,122) for illegally mining Bitcoin with the agency’s computer systems, according to reports on October 28, 2019. End of the
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Cryptocurrency exchange Binance is soon to launch its first fiat-to-cryptocurrency trading pairs. Speaking at the Open Innovations 2019 conference in Moscow on Monday, CEO Changpeng “CZ” Zhao confirmed that fiat options are on the way, kicking off with the Russian ruble: “We’re adding support
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A Russian engineer caught illegally mining Bitcoin(BTC)trade, using one of the country’s most powerful supercomputers at a Russian nuclear lab located near the city of Sarov. He has been fined 450,000 rubles, or $7,000, as reported by the Moscow Times.Bitcoin mining is getting popular with the arrival of new mining
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Russian law firm Zheleznikov and Partners has proposed a way to recover up to 200,000 Bitcoin stolen from Mt. Gox exchange. They want to take legal action against Russian nationals who received the stolen money.Moscow-based law firm Zheleznikov and Partners (ZP Legal) claims has put forward a proposal on how
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Russian law firm Zheleznikov and Partners proposed legal action in Russia that should enable its lawyers to recover up to 200,000 Bitcoin (BTC) lost in the Mt. Gox fiasco.Recover losses on behalf of Mt. Gox victimsOn Sept. 12 in a Q&A with Andy Pag, a former BBC journalist, the
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