21 Aug Russian company converts fertilizer lab into country’s largest cryptocurrency farm
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It appears that Russia is ready to challenge China’s monopoly over cryptocurrency mining. A Russian company has converted a former fertilizer laboratory into the country’s purported largest cryptocurrency mining operation.
The unit, named Kriptoyunivers center, will support the mining of Bitcoin and Litecoin. The center has been built over 4,000 square meters of land in the town of Kirshi near St. Petersburg, with an investment of 500 million rubles ($7.4 million).
“This is the largest and so far the only farm in Russia that offers the ‘full cycle’ — not just producing cryptocurrency but also offering services to those who do the mining,” Alexei Korolyov, co-founder of Kriptoyunivers told the Japan Times.
It is worth noting that Kriptoyunivers’s claim of being the largest center cannot be verified. A large number of mining operations actually run in secrecy, and their exact output value and income from the mining cannot be…
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