Ukrainian Shipping company accepts bitcoin

The company believes that to use of bitcoin will bring many benefits to the global shipping industry
30 November 2017   1108

Varamar Ltd. a Odessa shipping company will be among the first shipping operators to accept payments in bitcoin. The company is negotiating about its first transaction in bitcoin with a client. Then it is going to accept the cryptocurrency too. Working with bitcoin will reduce the time and quantity of documents than is used in standard banking applications. It can also help in dealing with countries affected by sanctions.

Paperwork for transactions is a complicated issue with banks, and bitcoin payments will help solve that by being faster.It could also help solve payment problems in countries like Pakistan, Russia, Sudan, Yemen, and Qatar, which have safe companies but are victims of sanctions being imposed against their governments.


Alexander Varvarenko

founder of the Varamar Ltd.

Other shippers are also considering using bitcoin deals. For example, Russian Interchart Shipping Inc. is working on a system to let them pay in bitcoin because some their customers aren’t able to easily transact in dollars due to bank restrictions.

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.