The whole world knows that China is an important contributor to Bitcoin miners. At the end of June, a large number of mining machines were flooded in Sichuan due to continuous heavy rain, and the computing power of Bitcoin fell by 30%. Not everyone wants China to play such an important role. RMC is to help Russian miners challenge China in bitcoin mining.
Next, we will explore what is a Russian miner coin.
The target of the Russian Miners Coin (RMC) ICO is $100 million. $10 million will be used to develop processors for cryptocurrency mining, and the rest will be used to produce mining equipment with security chips. This will help establish a joint mining fund to distribute profits.
The ICO is scheduled for August 28, 2017 to September 20, 2017. During the RMC ICO, an RMC token can be used for rates ranging from $4,100 to $4,900.
Purpose of Russian miners coins
The goal of the Russian Miners Coin, as it is spent on its website, is to provide everyone with the opportunity to become the next generation mining technology owner to enter the closed mining club of the Russian mining company.
Mining bitcoin is a very expensive process in major countries of the world. Not only is it time consuming, it also consumes a lot of resources. The main resource it consumes is electricity. In addition, miners joined the mining pool due to the large amount of computing power required. In the pool, you can jointly mine bitcoin and share mined bitcoin.
Russia has a lower electricity price than China, with electricity prices as low as 80 cbits or 1.3 cents per kWh. Russia’s surplus power exceeds 15 gigawatts.
The highest price of RMC has reached $50,798, which far exceeds the highest price of Bitcoin. This is really amazing price. As of July 7, 2018, the RMC price was $4,875.56.
Buying a Russian Miner Coin (RMC) from your bank requires two steps. You will purchase some BTC or ETH from an exchange that accepts debit or bank account deposits, and then you will transfer the newly purchased encryption to the sales RMC in exchange for the Bitcoin or Ethereum market. Bittrex and BitFlip exchanges support RMC transactions