Iran welcomes bitcoin

Iran High Council of Cyberspace has approved bitcoin and other cryptocurrencies
27 November 2017   1030

HCC is the main instance to decide the fate of cryptocurrencies in Iran. And it has declared that the bitcoin and others cryptocurrencies are welcome in Iran if they are subject to certain rules. The Iran Central Bank are studying virtual currencies, because they have captured the attention of the world.

Mechanisms of control and supervision over the supply of cryptocurrencies are being implemented through the collaboration of the central bank and related entities, but the people must be aware of their risks and dangers on the demand side.

Nasser Hakimi

the head of CBI’s Innovative Technologies Department

CBI has not developed some definitive regulations for currencies. But a lot of Iran people are using Bitcoin, be it purchasing, selling or mining it, and dealing with it in exchange shops, creating content and establishing startups. In total, CBI will develop 6 documents to regulate fintechs and cryptocurrencies. Some of them will be published in March 2019, two have already been published, a third will appear in December, and the fifth one about cryptoconcession - in September 2018. Also HCC will continue to study and evaluate pros and cons of virtual currencies.


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.