Planned $100 Million ICO a Challenge to Chinese Mining
Big news here as Russian Miner Coin, a company co-owned by one of President Vladimir Putin's internet advisers, plans to raise as much as $100 million through bitcoin or ethereum in an upcoming ICO for RMC tokens. They will be utilizing specialized Russian-designed semiconductor chips and taking advantage of 20 gigawatts of excess power capacity in a region where the consumer electricity prices are less than in China. The initial plans are to locate mining computers based on the Bitfury chips in individual Russian households as a direct challenge to Bitmain.
RMC Tokens to Have Rights to 18% Mining Revenue
These new Russian Miner Coin tokens will have rights to 18 percent of the revenue earned from the company's mining. $10 million from the ICO proceeds may be spent developing the new processors by Bitfury Group.
ICO Pre-Sale Closes in 19 Days
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