https://www.bloomberg.com/news/articles/2017-08-08/putin-s-aide-seeks-100-million-to-rival-china-in-bitcoin-mining Todays bitcoin mining requires special computers based on chips with minimized power consumption. Chinas Bitmain Technologies Ltd. is one of the leading producers of such equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries. Rival Bitfury Group, founded by Valery Vavilov, a Russian-speaking native of Latvia, produces equipment for mining virtual currencies and runs large-scale centers in Georgia and Iceland.
Russia has 20 gigawatts of excess power capacity, with consumer electricity prices as low as 80 kopeks (1.3 cents) per kilowatt hour, which is less than in China, RMC said in the presentation. The company initially plans to locate mining computers based on Bitfury chips in individual Russian households to challenge Bitmain by using Russias lower power prices.
Now this is getting interesting. And when Russia joins the mining ecosystem, you know that the US is not simply going to sit back and relax. They will jump in too eventually.
The Chinese mining monopoly has it's days countered. It's time to fire Jihan.
One of Putin's internet advisors, Herman Klimenko had said that accepting bitcoins is a crime and recently claimed that around 20 to 30% of Russian computers are infected by mining malware, which is absurd, but good that another one of Putin's internet advisors, Dmitry Marinichev is planning to launch an ICO, RMC to expand mining operations in Russia.
China is the biggest player in mining now, according to Marinichev Russia has the potential to reach up to 30 percent share in global cryptocurrency mining in the future.
The ICO would be launched in 18 days,
http://rmc.oneI guess the mining hardware they are planning to launch is Sunrise s11i
18,6 Th, 2.6 кBт
$1600
ROI - 5 months
Cheaper than Antminer s9 and much more efficient.
http://rmc.one/RMC.pdf