Mining training to become available in most of India

30 cities in India will offer training programs in bitcoin mining in order encourage the rural population to be self-employed
29 March 2018   1561

Dalit Indian Chamber of Commerce and Industry is joining effort with social entrepreneur Dr. Tausif Malik to establish a training program for bitcoin mining in 30 cities of India. The Chamber is focused on providing opportunities to Dalits (sometimes referred as caste of depressed people). On the other hand, Dr. Malik started a platform for promotion of fintech, blockchain and cryptocurrency concepts in Maharashtra state specifically to attract investments into the region.

The program to be established is going to be called "Bitcoin Mining Training Program" and aims to empower the rural population (with the focus on the youth from farming community) to be self-employed and earn money from their homeplaces. Eventually it might give a spark to a brand new economic development in the area.

The new blockchain technology is the future of technology development and taking the world by storm and bitcoin/cryptocurrency mining is a must for blockchain platform to operate. Hence, we felt the need to offer bitcoin/cryptocurrency mining training program (BMTP) to our youth on a nationwide scale for self-employment.

 

Shri Milind Kamble

Founder and chairman, DICCI

The list of cities include Pune, Mumbai, Junnar, Aurangabad, Latur, Nashik, Nagpur, Osmanabad, Hyderabad, Vijayawada, Bengaluru, Chennai, Pondicherry, Cochin, Kolkata, Bhubaneswar, Jamshedpur, Bodh Gaya, Patna, Lucknow, Delhi, Jaipur, Varanasi, Bhopal, Indore, Raipur, Ranchi, Guwahati, Jammu, and Chandigarh. The first training shall take place in Pune in May.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   105

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.