Mining farm causes fire in Novorossiysk

The fire outbreak was a result of pauseless mining
29 November 2017   1139

Early in the morning of November 27 it was reported that one of the apartments in bedroom suburb of Novorossiysk in Russia was enveloped in flames. There was no loss of life or injured people but all the property of an owner was burnt away. It is said that vinyl windows of upstair neighbors were fire damaged and an apartment of downstairs neighbours was flooded  during the fire-fighting operation.

According to preliminary data, the main ignition cause was a short circuit. It was reported that there was an underground mining farm organized by the owner of the apartment. The long process of mining leads to the overload of electric current and heating of air. For this very reason the probability of fire hazard increases. 

Many officials put forward suggestions about banning of mining farms located at living quarters in Russia. The idea was supported by Ilya Massukh, the President of Information Democracy Development Foundation. 

South Korea to Allocate $880M for Tech Including DLT

The goal is to "focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy"
16 August 2018   121

In 2019, the government of South Korea plans to invest more than $ 880 million in accelerating the development of innovative technologies, such as blockchain, CoinDesk reports.

Deputy Prime Minister Kim Dong Yeon held a ministerial meeting to work out an investment plan for the government to develop innovations for the next five years.

According to the website of the Ministry of Economy and Finance of South Korea, the government allocated 1 trillion won (about 880 million dollars) - 80% more than in 2018 - for the development of technologies like blockchaain, big data and AI in 2019. In addition, the agency said that in the next 5 year total investments of 8-9 billion dollars are planed.

The goal is to "focus on promoting big data and AI, developing blockchain technology to ensure data management security and boosting the sharing economy," the press release said.

The investment plan does not specify how much money will be invested in each of these areas separately. There's no info wether it will be allocated to mining facilities.

Earlier, the Ministry of Information and Communication Technology of South Korea reported that in 2019 will allocate $ 9 million to invest in blockchain start-ups. In addition, in June it became known that the same ministry was cooperating with other state agencies on the development of six pilot programs, within which the block would be used in large government services.