Ministry is considering the possibility of mining cryptocurrency at Energoatom facilities
The Ministry of Energy and Environmental Protection suggested the state company NAEC Energoatom to consider the possibility of cryptocurrency mining. People’s Deputy Geo Leros reported about this in the context of the relevant instructions.
“I instruct you to work closely with VP Energoatom Trading, the regulatory and technical issues of potential implementation of projects from cryptocurrency mining to provide additional markets for electricity produced by nuclear power plants.”
Redirecting excess power to cryptocurrency mining is a worldwide practice actively operating in China, the US and Europe. For example, it is one of the largest power plants in the Green Generation of New York.
Cryptocurrency mining allows a power-generating station to get rid of “unnecessary” electricity and use excess electricity. Given that the price of bitcoin increases from time to time, the company’s daily excess earnings average $ 45 thousand.
The reference PAYSPACE magazine
Recall that municipal employees in the Chinese city of Suzhou received 50% of their payments in the state cryptocurrency (DCEP). At the same time, four state-owned banks will issue cryptocurrencies: Agricultural Bank of China (ABC), Industrial and Commercial Bank of China, Bank of China and China Construction Bank.
In an official document, all government institutions in Suzhou are invited to sign contracts with these banks to issue Chinese digital currency, as the system is to be launched in May. All officers will be asked to download and install digital wallets developed by banks to receive their payments.
Read: Choice of Amazon, IBM and Microsoft: Cryptocurrency is accumulated by the world’s largest companies.