Freewallet and MinerGate partner to allow free withdrawals

Freewallet and MinerGate crypto pool announced collaboration in order to let users easily withdraw mined coins to a Freewallet address linked to their email
19 December 2017   4844

MinerGate, the pool which provides service for merged mining, created by a group of cryptocoin enthusiasts, has announced partnership with Freewallet, a cryptowallet developer which aims to solve the problem for cryptocurrencies by creating mobile wallets for iOS and Android.

The aim of the partnership is to allow users to easily and promptly withdraw coins which were mined via Multi Wallet App to a Freewallet address linked to their email, receiving coins without any commission at zero cost, and to carry out smart transactions.

Iran to Issue Over 1000 Mining Licenses

Amir Hossein Saeedi Naeini from Iranian ICT Guild Organization said that crypto mining industry attracts many in Iran
27 January 2020   171

Over the past six months, the Iranian Ministry of Industry has issued more than 1000 cryptocurrency mining licenses. This was announced by Amir Hossein Saeedi Naeini, representative of the ICT Guild Organization.

According to him, cryptocurrency mining is a new industry that attracts many in Iran. He noted that miners must obtain a license to work.

The Ministry of Industry, Mine and Trade has issued more than 1,000 licenses for cryptocurrency mining in the country. Our studies show that the crypto mining industry has the potential to add $8.5 billion to the economy.

 

Amir Hossein Saeedi Naeini

 ICT Guild Organization

 He believes that the cryptocurrency industry can help Iran's economy. However, he explained that the high cost of electricity is a serious problem for cryptocurrency miners.

High electricity tariffs plus stringent regulations have made the sector less appealing for small investors.

 

Amir Hossein Saeedi Naeini

 ICT Guild Organization

 He expressed the opinion that “the operating conditions in this industry should not be such that only large capitalists enter the cryptocurrency mining market but that all miners can operate.” He emphasized that changing electricity tariffs could stimulate the mining industry to generate more revenue.