In what some have called a “watershed” moment for bitcoin, Bloomberg reports that a company co-owned by an aide to Russian President Vladimir Putin is seeking to expand Russia’s bitcoin-mining industry, leveraging Russia's cheap energy to rival China as the world’s largest mining market.

The company, known as Russian Miner Coin, or RMC, is seeking to raise $100 million in an initial coin offering, promising buyers a right to 18% of the company’s mining revenue, according to a presentation cited by Bloomberg

Russia offers several advantages for bitcoin miners: For example, its excess power capacity is substantial.

   “Russia has 20 gigawatts of excess power capacity, with consumer electricity prices as low as 80 kopeks (1.3 cents) per kilowatt hour, which is less than in China, RMC said in the presentation."

The company plans to build its own mining hardware using computer chips designed in Russia.

    “RMC plans to use semiconductor chips designed in Russia for use in satellites to minimize power consumption in computers for crypto-mining, Putin’s internet ombudsman, Dmitry Marinichev, said at a news conference in Moscow. Russia has the potential to reach up to 30 percent share in global cryptocurrency mining in the future, Marinichev said, adding that $10 million from the proceeds of the ICO may be spent developing the processors.”

Though, in the beginning, the firm will rely on Bitfury chips. Bitfury, a company that manufactures mining equipment and also operates its own mining operations, was founded by Valery Vavilov, a Russian-speaking native of Latvia.

    “The company initially plans to locate mining computers based on Bitfury chips in individual Russian households to challenge Bitmain by using Russia’s lower power prices.”

Already, at least one Russian government entity is experimenting with blockchain tech. The Central Bank of Russia has already deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with lenders including Sberbank PJSC.

Most of you will lose your fortunes on the way to the top just like this. You have a mathematical certitude that bitcoin will go to hundreds of thousands of $ in price

...yet you fucks still get greedy like this.  

I do not understand someone can claim BCH from its BTC without losing the amount of bitcoin equal to its price?
Is this the free money created during the split of all investors' brains?

It's still using the same port, though they really should delegate a new one, as BTC clients and BCH clients really have no reason to talk to each other anymore.

I see a ton of noobs speculating about what will happen with the Bitcoin Cash (supposed) hardfork. This is a good article by Luke Dash Jr (Core developer) on why August 1st is nonsense and it's only your fault if you fall for the FUD:

https://medium.com/@lukedashjr/why-nothing-will-happen-with-bitcoin-on-august-1st-93f49a1a930d

Everything is set and done now with segwit locked in, you guys are wasting your time with Bitcoin Cash, I may not even bother to install the client to dump the BCC.

Is that because you want to move from the stability of a node that runs 24/7 for 3 years to one that crashes on a weekly basis because that's more fun?

This is one of the main reasons why I am still running a full node. Although I can't keep the node online at all time, I still try to keep at least 6-8 hours online during weekdays.

I think so far the two side still have one thing in common - no one wants to split bitcoin into two.

Formuesbeskatning av bitcoin

Som skattepliktig bruttoformue regnes i utgangspunktet alle formuesobjekter med omsetningsverdi som skattyteren eier ved utgangen av inntektsåret. Dette gjelder blant annet bitcoin og annen "virtuell valuta". I utgangspunktet gjelder dette uansett hvor i verden eiendelene befinner seg. Mer om formue kan du lese her.

Bitcoin fremstår som en eiendel i skattelovens forstand og anses således som skattepliktig formue. Verdien fastsettes til omsetningsverdien pr. 1. januar året etter inntektsåret, jf. skatteloven § 4-1.
Dersom du har eid, realisert eller "minet" bitcoin skal du oppgi dette i din skattemelding

Formue, kjøp og salg av bitcoin blir ikke direkte rapportert til skatteetaten. Dermed er du selv ansvarlig for å oppgi eventuell formue og gevinst/tap vedrørende bitcoin.

  *  Dersom du eier, har "minet" eller kjøpt bitcoins i løpet av inntektsåret og disse er i din besittelse ved utgangen av inntektsåret, skal verdien av disse oppgis som formue i din skattemelding under post 4.5.4 "Annen skattepliktig formue".

  *  Dersom du har solgt bitcoin som du eier, eller har "minet" og solgt bitcoin i inntektsåret skal det beregnes gevinst eller tap ved realisasjon av denne. Gevinst føres i din skattemelding under post 3.1.12 "Annen inntekt" og tap under post 3.3.7 "Andre fradrag".

Earlier today ex-Russian Duma deputy Denis Voronenkov was gunned down in the center of Kiev, next to the luxury hotel Premier Palace. Voronenkov died on site. His bodyguard was wounded by the gunman but was able to shoot him in return. According to first info from Kiev, both wounded gunman and bodyguard were taken to the hospital. Later, Kiev authorities announced that the killer ‘probably won’t survive.’ The curious thing is that the name of the killer has not been made public. It was only said that he was from Dnepropetrovsk Oblast.

People in the know surmise that the gunman was probably a member of one of the ukro-nazi battalions and former ATO member, who may have the blood of the Donbass people on his hands.

A couple of days ago Kiev announced that Yulia Samoylova is banned from Eurovision contest and from entry into Ukraine for 5 years because she has visited Crimea where she sang in a concert. Despite gross violation of the law, OSCE has declared that they see no problem. The organizers of Eurovision are trying to bury the scandal, while Western MSM has collectively developed sudden blindness.

I’ve just recalled the out-of-this-world howling that took place before the Sochi Olympics about alleged gays’ rights violations in Russia. Russians went out of their way to welcome everyone, including gays, who were parading around Sochi to the welcoming smiles of their Russian hosts.

Just imagine if a cripple in a wheelchair was denied participation in an international event in Russia. The stink from the ‘civilized world’ would have been heard for years. Here, not a single voice of any European ‘human rights’ or ‘handicapped defense’ organization. Complete silence. Where are petitions, protests and boycott of Kiev Eurovision?

For the second day the horrific cannonade is continuing, as the missiles and arms stored at Ukraine’s largest arms depot in Balakleya, Kharkov Oblast, mass explode. Allegedly the wholesale destruction of the largest storage of offensive weapons in Ukraine began as a result of a fire. Ukraine military is being accused of creating the catastrophe.

Over 20 thousand people have evacuated from the nearby city of Balakleya. Locals continue fleeing in haste. Casualties are unknown, being hushed up by Ukraine authorities.

The infamous Balakleya arms depot stored weapons used to kill the people of Donbass. Fewer weapons left in Ukraine means fewer deaths in Donetsk and Lugansk. Among weapons stored at this facility were the feared Tochka-U missiles, which Kiev army had unleashed on LDPR.

Radiation disaster in the making!

As a side note, the intel I receive is that Kiev army experiences a huge shortage of tanks and armored vehicles to attack Donbass.

To compensate for that, Poroshenko ordered to retrieve the old tanks and military vehicles once used by the USSR in Chernobyl remedial efforts and abandoned inside radioactive zone. Thousands of radioactive vehicles have been stored there. Now these are being repurposed by Kiev. Some are used as scrap, melted to manufacture new weapons; others are fixed up and sent straight to Donbass. Reportedly, a large percentage of the Kiev army ATO soldiers now suffer from radiation poisoning. Of course, the real condition and percentages of those affected are hushed up.

The newest worrying development: it appears Kiev decided to do the unthinkable – build a radioactive barrier between LDPR and Ukraine. Witnesses have been posting videos of Ukraine army hauling radioactive vehicles from Chernobyl and dumping them on the front line between LDPR and Kiev-controlled side. This includes heavy trucks and other machinery used by the USSR in Chernobyl remedial efforts. The result may be disastrous. All that radioactive machinery is moved through Ukraine countryside and cities, then maliciously dumped in E. Ukraine fields, possibly close to where people live and grow crops.

You signed up for notifications when your account was pwned in a data breach and unfortunately, it's happened. Here's what's known about the breach:

Email found:   ----------------------
Breach:   BTC-E
Date of breach:   1 Oct 2014
Number of accounts:   568,340
Compromised data:   Account balances, Email addresses, IP addresses, Passwords, Usernames, Website activity
Description:   In October 2014, the Bitcoin exchange BTC-E was hacked and 568k accounts were exposed. The data included email and IP addresses, wallet balances and hashed

You leave your Putin propaganda! It was the terrorists who themselves did not fight, but only mocked the prisoners. They gave rise to Russian authorities, she has destroyed them. Without these terrorists on the ground became clearer!

A Hero of the DPR, the commander of the "Somali" Independent Ilovaysk Guards Motor-rifle (assault) battalion, Colonel Mikhail Tolstykh died today. Without question, he was one of the strongest officers in the DPR army, and he was a symbol of the entire resistance. This is a difficult loss.

After its failure near Avdeevka, the enemy is counting on this dastardly murder to break us. The most important thing right now is not to panic, but to strengthen our resolve and our cohesiveness. Givi will forever live in our hearts!

Memory Eternal!