Iran to Accept Crypto Mining as Industry

However, the regulatory framework for mining has not yet been developed
05 September 2018   437

According to the Secretary of the Supreme Council of Iran on cyberspace Abolhassan Firouzabadi, the government of the country recognized the cryptocurrency mining as a separate industry. This is reported by the local agency IBENA.

The official noted that the cryptocurrency mining was recognized as a separate industry by such departments as the Ministry of Information and Communication Technologies, the central bank, the Ministry of Industry, Resources and Trade, the Ministry of Energy and the Ministry of Economy and Finance. However, the regulatory framework for mining has not yet been developed.

It is also reported that the National Center for Cyberspace of Iran and the Central Bank of the country will submit final rules for the creation of blockchain startups, crypto trading and other activities related to cryptocurrencies before the end of September.

Abolhassan Firouzabadi added that Iran's national cryptocurrency can be used as an instrument of payment with economic partners and friendly states, and will also circumvent US sanctions.

At the end of August, the National Center for Cyberspace of Iran announced the completion of work on the draft national cryptocurrency.

Bitfury to Represent Bitcoin Mining Optimization Chip

The product is called Bitfury Clarke ASIC and it's based on five successful generations of mining chips
20 September 2018   122

Bitfury Group introduced a new generation of hardware for bitcoin mining under the control of the integrated microcircuit Bitfury Clarke ASIC.

Five successful generations of Bitfury mining chips are the basis for new Bitfury Clarke ASIC. According to the developers, the new chip has the highest performance characteristics among the bitcoin mining hardware.

14nm Bitfury Clarke ASIC is fully optimized for Bitcoin Mining on SHA256. The hashing capacity is up to 120 Gigahets per second (GH / s) with energy costs of only 55 miljoules per gigahash (mJ / GH). The minimum required mains voltage is 0.3 V.

In addition to selling Bitfury Clarke chips, Bitfury also integrates Bitfury Clarke into other hardware, including its own servers for mining and BlockBoxes, as well as in the mining centers in Canada, Norway, Iceland and Georgia.