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Vladmodels Y118 Alina Custom Sets

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Updated February 14, 2018 18:43:27 The amount of power used to mine bitcoin in Iceland is set to overtake the country's entire domestic power usage this year, a local energy company has claimed.Business development manager at Iceland's HS Orka Johann Snorri Sigurbergsson said electricity use at mining data centres was gobbling up the small nation's power resources.And the demand would only grow with many potential customers drawn to the nation to mine the cryptocurrency.'If all these projects are realised, we won't have enough energy for it,' he told the BBC.The country's small population of about 340,000 people has seen an increase in new data centres keen to capitalise on the country's near 100 per cent renewable energy and cold climate which help prevent computer servers overheating. 'What we're seeing now is you can almost call it exponential growth, I think, in the [energy] consumption of data centres,' Mr Sigurbergsson said.Mr Sigurbergsson said he expected bitcoin mining operations to use about 840 gigawatt hours of electricity to supply data centre computers and cooling systems.In comparison, he estimated the county's homes used about 700 gigawatt hours every year.'I don't see it stopping quite yet,' he said.He said if Iceland took on all bitcoin mining ventures proposed in the country, there would not be enough energy to supply them all.The rise in cryptocurrency mining has faced domestic opposition in Iceland. The Icelandic Pirate Party's Smari McCarthy questioned how beneficial the boom was to the country's economy.'Cryptocurrency mining requires almost no staff, very little in capital investments, and mostly leaves no taxes either,' Mr McCarthy said.'The value to Iceland is virtually zero.'ABC/BBC Topics: currency, markets, business-economics-and-finance, iceland First posted February 14, 2018 16:48:12 If you have inside knowledge of a topic in the news, contact the ABC.ABC teams share the story behind the story and insights into the making of digital, TV and radio content.Read about our editorial guiding principles and the enforceable standard our journalists follow. By national arts, culture an entertainment reporter Michaela BolandA painting of an Australian beach that has long puzzled the art world comes out of a private collection to be publicly exhibited ahead of its sale. By Christina Zhou and Bang XiaoArranged marriages have been a feature of Chinese society for generations, but to what extent has love and relationships changed in China? By Alina EacottTwo retired teachers are turning snaps into a useful conservation resource. By Hayley Gleeson with Julia BairdAdditional reporting by Sarah MalikIllustrations by Amani HaydarWomen apply for most Islamic divorces in Australia, but imams often refuse to grant them. Muslim leaders have condemned domestic violence, though some still teach that husbands can control their wives. This service may include material from Agence France-Presse (AFP), APTN, Reuters, AAP, CNN and the BBC World Service which is copyright and cannot be reproduced. AEST = Australian Eastern Standard Time which is 10 hours ahead of GMT (Greenwich Mean Time)

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Sberbank, a state-owned bank, has sealed a repurchase agreement, or repo, with the help of blockchain on Thursday 6, 2018. Now, the combination of DLT and smart contract sets financial contracts very diaphanous and seems to tighten the security for both the financial institution and the customers.The Russian bank declared that, with great involvement from Region Brokerage Company and Russia’s National Settlement Depository (NSD), it had completed the “globe’s first” three-way over-the-counter (OTC) repo by employing a smart contract. In this agreement, the securities are sold off to an individual, with the trader accepting to rebuy them at a certain pre-put future price and date. These are actually short term loans.While testing, Sberbank played the role of the seller, Region acted as a buyer, and NSD performed as a settlement agent. This big deal was greatly for a rouble-denominated OTC repo that was secured by Russian loan bonds. They didn’t reveal the real value of the instrument.Using blockchain technology enabled these three major parties to significantly automate different parts of the exercise, such as running of margins, settlement & repository recounting. This deal was properly governed by existing local laws.Andrey Shemetov, is the vice president of Sberbank and he also heads global market department. Andrey revealed that:“We are confident that the market will adopt our technology as a new standard for carrying out OTC repo deals and market players will appreciate all the advantages it offers.”Alina Akchurina, Managing Director for collateral management systems, NSD, said:“Integrating the NSD’s CMS into distributed blockchain networks is part of our development strategy. Using blockchain to service repo deals is one of the few examples that justify the use of this technology.”Sberbank rolled out a blockchain tech lab earlier in 2018, to create and test DLT-based business solutions. And in May also, it collaborated with MTS, a telecommunication company, to carry out commercial transactions valued at $12 million using distributed ledger technology (DLT).Several financial institutions in other parts of the world are also delving into DLT as a method to make transactions in different financial instruments. On December 6, four European giant banks (ING, Rabobank, Commerzbank and Natixis) made a live transaction for a certain short-term debt instrument via Corda platform created by blockchain technology consortium startup R3.In November this year, the central bank of Singapore, together with the stock exchange of the country formed a settlement system utilizing smart contracts to smooth post-trade exercises and reduce the settlement cycle.Get This Free Video On How TO Make $200 - $500 Per Hour Trading With Crypto Save my name, email, and website in this browser for the next time I comment.This site uses Akismet to reduce spam. Learn how your comment data is processed.