RAKIB will the development of mining in the Saratov region

Director of the Russian Association of cryptocurrency and blockchain (RAKIB) Arseny Weltzin in the framework of the Saratov economic forum stated that in this area it is planned to open a representative office of this organization, as well as a local centre of excellence. According to him, the new centre will, inter alia, engaged in the development of mining facilities in the region:

The main objective of competence centre — establish a system for collecting and testing the best software engineering practices to improve the efficiency of mining process.

In a situation of price fluctuations in the cryptocurrency market most of the miners are thinking about optimizing their work. Recent studies have shown that the use of advanced software-engineering practices can improve the efficiency of mining.

Recall that in the Kaliningrad region the miners can give the opportunity to become a resident of a special economic zone (SEZ) for IT business. In addition, the Ministry of communications of the Russian Federation supported the establishment of a special exchange, where miners will be able to exchange mined cryptocurrency for conventional money.

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