From Belarus With Bitcoin! First Mining 2,000Km² Hotel Appears In Lida

Are you ready to turn your house or garage into a mining farm with noisy, energy-hungry equipment? If no, feel free to come to Lida, where you can mine some crypto at a special hotel.

Gradually turning into an international tech haven!

An employee checks power supply units and cooling fans used in cryptocurrency mining machine systems at the SberBit mining 'hotel' in Moscow, Russia, on Saturday, Dec. 9, 2017. Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.'s exchange, triggering two temporary trading halts designed to calm the market. Photographer: Andrey Rudakov/Bloomberg##########stcoinfarm##########

The hotel provides areas for hardware systems for mining crypto-currencies.

The site is specifically designed for the mining farms that belong both to physical and legal entities.

Read also: Belarus named the best country in the world for cryptocurrency investors

One can rent any number of farm-places, install any equipment necessary for mining based on an available budget.

For its part, the company guarantees smooth operation of the equipment, prompt technical support and video surveillance 24/7 .

The hotel is also equipped with specific humidity and cooling systems.

Plant To Assemble Mining Equipment To Be Built In Belarus

It also offers equipment insurance against theft, fire, flooding and other emergencies.

The company’s website reports that the data center consists of several premises with a total area of ​​2,250 square meters.

The total power of the electricity grid is 1.2 megawatts. Recall that in Belarus mining activity is not considered to be entrepreneurial.

Read also: For the 1st time! Belarus’ HTP exports hit record $1bn in 2017

It is not subject to income tax for individuals and does not require any permits, registrations and other paperwork procedures.

The only thing necessary is to be engaged in mining independently, without partners and workers.

That is, the mining farm as well as the income from it hould belong to you. Its service is also in your zone of responsibility.

In December this year digital tokens, cryptocurrencies, including bitcoin, ICOs, activities of cryptocurrency exchanges, smart contracts and related issues were legalized in Belarus.

The revolutionary decree is designed to boost the country’s IT sector and attract foreign investments among other things.

Check out key benefits of the revolutionary cryptocurrency law for foreign business.

Source: TUT.BY

Photographer: Andrey Rudakov/Bloomberg