Bitcoin mining farm: Russia also analyzesd the importance of digital cryptocurrency, and its worldwide impact. In order to make it profitable and control its trade volume and rumps up economy Bitcoin mining farm is an essential step. Russian governor invited all the investors to put collective efforts to pursue success in making a Bitcoin mining farm indutry in Russia.
Russian Governor has invited Miners at St. Petersburg near Sosnovy Bor area for establishing Bitcoin Industry.
As Bitcoin has become one of the most famous cryptocurrency and many countries accepting it. Russian Leningrad region is welcoming investors to established Bitcoin mining farm farm at Leningrad’s old nuclear plant. This place is near St. Petersburg and called as Sosnovy Bor area. As there is new news about Russian government trying to legalize cryptocurrency. Russian government is also welcoming the investors to mine Bitcoin in Russia. Alexander Drozdenko the Governor of Russian Leningrad region stated that Bitcoin miners can invest here to open Bitcoin mining farm farm.
At the third annual Leningrad’s (SMEs) Small and medium sized business meet, named as “Energy of Opportunities”. Alexander proposed the Leningrad’ nuclear power plant will be used to established cryptocurrency mining farm. The event was attended by more than 600 businessmen and entrepreneurs. The federal agency representatives were also present at the conference.
Location of Sosnovy Bor Area and its benefits
This region is sharing its border with Finland in the northwest and Eastern Europe in the west. The new Leningrad’s nuclear plant is in developing phase, near to old one. The old nuclear plant is vacant for Bitcoin farms as told by the government and formed in year 1974.
Leningrad’s Old Nuclear Plant Is The Place For Bitcoin Farming and why?
Cheap Energy is the main reason, as the nuclear power plant is near to the Bitcoin farming. Second reason is the cold weather, as the mining operations needs cool temperature this will leads to the profits. Isolation is another factor for this places it is hide-able from the common people’s eye. Heavy security that can hardly associated with any Bitcoin farm in the world. Bitcoin farming also requires huge area. Alexander Drozdenko’s office now in the discussion with Alexey Likhachev, Director General of Rosatom state Atomic Energy Corporation regarding the process of Technopark.