On October 29th, the Russian Mining Company (RMC) announced that it had grandiose plans to repurpose a metal factory in Russia’s northern province of Karelia.
The Russian Mining Coin, also known and RMC, is a digital asset, which gives users the right to acquire a miner processor with multicellular architecture. The coin holder also has the right to participate in the RMC Joint Mining Club.
Internet ombudsman, Dmitry Marinichev, one of the creators of the RMC Company, now participates in another digital project. The RMC plots to create a specialized equipment project for cryptocurrency mining at the Nadvoitsky Aluminum Plant (NAZ). This plant is owned by Rusal, the world’s second-largest aluminum company. However, it was frozen in August 2018, as it lost the opportunity to supply its products to the U.S. after the trade sanctions. The representative of Rusal confirmed to RBC that RMC leases premises on the territory of the enterprise. However, the representative of Rusal did not specify who and for what purposes rents the premises of the plant.
Also, Marinichev steered the most massive RBC sale in the history of deals in Russia, through a $43 million initial coin offering in 2017, a transaction that remains Russia’s largest deal.
A New Trend: The Digital World Returns to Bitcoin Mining
Dmitry Marinichev has been commenting on Kremlin’s new policies. For example, he disagrees with the government’s attempt to block the instant messaging service Telegram. However, Telegram remains active and accessible. Besides, for now, the social media company is working on its new digital currency project.
The new trend has risen again, and Bitcoin mining has heated up once again in 2019. Despite the mixed performance of Bitcoin itself, it still captures the interest of crypto lovers. It is impossible to block the movement by blacklisting IP-addresses on the governmental level. Dedicated miners continue to mine BTC.
Last week Bitmain, the industry’s major mining shareholders, announced that in the future, it plans to make its new mining facility in Texas.
