The Russian oil company Tatneft has shown interest in the possibility of earning additional profit from cryptocurrency mining. The corresponding project won at a youth forum organized by the company, пишет the corporate newspaper ‘Oil News’.
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The idea’s author is Irek Kiramov, an engineer at the Network Management Center. According to him, one of Tatneft’s problems is excess energy capacity.
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“In mining, the main cost item — more than 85% — is electricity. One can diversify production and mine not only oil, but also cryptocurrency. For the company this could become another growth point and bring additional profit,” he said.
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Kiramov has already registered the project in the automated system ‘Edison’ and intends to participate in its implementation.
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More than 50 young professionals took part in the forum. Tatneft selected the top six projects that it is ready to implement.
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In October 2020, the Russian industrial mining operator BitCluster opened a major data center at the site of the closed NorNickel plant in Norilsk. The company estimates that its total computing power could reach roughly 1% of the Bitcoin network’s total hashrate.
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