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Business Daily

Business Daily

Business

Cryptocurrency's new frontier

Cryptocurrency's new frontier

2019-11-25
Download Right click and do "save link as"

Cryptocurrency mining is booming across parts of the former Soviet Union, with a number of regions expending gigawatts of power on mining operations. Ed Butler visits a facility in Georgia run by a firm called BitFury. We’ll also hear why the breakaway Russian-speaking regions of Abkhazia and Transnistria are getting into ‘bitmining’ and what concerns that is raising for environment and corruption investigators.

(Photo: A cryptocurrency mining centre in Kirishi, Russia, on August 20, 2018. Credit: Olga Maltseva/AFP/Getty Images)

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