Gone era: Iceland changes mining for "clean blockchain business"
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In the near future working in the Icelandic cryptocurrency startups will abandon mining in favor of "clean blockchain business", that is, create products based on a distributed registry. About it writes .
With the corresponding statement was made by the Chairman of the Reykjavik data center Borealis Halldór Jorgenson. He refers to the words of the leaders of the local cryptocurrency startups and enterprises for the production of coins.
How to make money by mining?
Jorgenson added that the hype around Bitcoin has come to naught compared with the popularity of the coin at the end of last year, when its exchange rate reached an absolute maximum for all time of existence of the asset.
However, the interest in the region from the miners contributed to the rapid growth of the energy and information technology. Now these achievements will be a powerful basis for the development of the blockchain-business in the country, said the entrepreneur.
With the opinion of Jorgensson not everyone agrees — for example, Manager of business development of the local energy supplier HS Orka John Snore, Sigurvinsson has previously stated that mining of Icelandic power companies will double by the end of 2018. The CEO of the same company Isher Margarson in June said that the miners provoked the "fourth revolution" in Iceland and their activity is "Central to the industrial revolution, which is still continuing".
Other Icelandic analysts believe that interest in mining cryptocurrency — a temporary phenomenon, and the mining farm will soon become "incubators of new technologies."
In July, the law on cryptocurrencies and mining, which is developing a government of Russia, a provision that the tax on the mining of cryptocurrencies will be equal to the fee from any other economic activity. What happens is, we learn in the next few weeks.
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