Australians to be Able to Buy BTC & ETH at Newsagents

Bitcoin and Ethereum became closer to Australian people

02 March 2018 1273

The Australian cryptocurrency exchange Bitcoin. com. au has launched a new service, with which the country's residents can purchase Bitcoins and Ether for Fiat. Since March 1, this service has become available in more than 1200 newsagents, reports 9Finance.

When your product is totally digital it can be hard to gain trust from consumers because there's no tangible product being handed over. Using newsagents provides consumers with a convenient and trusted way for investors to buy cryptocurrency. Traditionally, the only people who knew about Ethereum or wanted to buy it were those who already had bought Bitcoin. But now that cryptocurrency is more well-known we found that Ethereum's cheaper price point made it a more digestible value proposition for buyers.

Rupert Hackett

CEO, Bitcoin. com. au

Bitcoin. com. au, which has been operating for a year and a half, is described on the site as "one of the first independent bitcoin-exchanges in Australia". Since March 1, the site also began to support operations with Ethereum for the first time.

To purchase crypto-currency in newsagents participating in the program, users only need to register their own wallet. During the purchase, the seller will scan the QR code, after which the corresponding amount of coins will be transferred within 20 minutes, Hackett added. The minimum purchase amount is AUD 50 (about $ 39). The Bitcoin. com. au commission is 5%.

Mining Bitcoin Blockchain

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours

26 June 2019 54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.