The cryptocurrency Dash, which is currently the twelfth largest in the world based on market capitalization, can now be bought at gas stations and kiosks, which are still dreams for the future in many countries, will become reality in Austria from April 2018 onwards.
The Austrian Bitcoin broker Coinfinity has been operating Bitcoin ATMs in Austria since 2014. In 2015, Coinfinity also launched a prepaid model called Bitcoinbon, which can be used to purchase prepaid cards for the cryptocurrencies Bitcoin, Litecoin and Ethereum at around 4,000 gas stations and kiosks. From next week on, Coinfinity will also include Dash in its portfolio.
The purchase process for Dash is just as easy as the loading of a prepaid credit on the phone: Who wants to buy Dash, acquires at the gas station or at the kiosk a prepaid card with a fixed amount of euros. It contains a barcode. The code of the prepaid card is entered on the website of Coinfinity. In return, Coinfinity then swaps the balance to the current price in Dash and pays the acquired Dash coins into the wallet of the prepaid card holder.
Jan Heinrich Meyer, spokesman and founder of the Dash Embassy D-A-CH UG explains:
What works so easily in Austria is currently not a model for many countries. In Austria, as in many EU countries, private companies may also set up ATMs without having a banking license. The Austrian Financial Market Authority (FMA) has also approved the Bitcoinbon prepaid card model without a banking license, thus enabling the distribution and legal exchange of fiat currencies in cryptocurrencies.
Meyer further explains:
As a monetary cryptocurrency, Dash already fulfills all the functions consumers and retailers are used to from conventional cash. In addition to low fees, especially the short transaction times at the point of sale (POS) of about one second are decisive. Fees of less than $ 0.01 per transaction make Dash attractive to buyers and retailers alike. If you are new to cryptocurrencies, Dash's first physical representation in Europe, the Dash Embassy D-A-CH based in Lübeck, provides training and education on the subject - online and offline.
About Dash
The cryptocurrency was developed in 2014 by Evan Duffield with the aim of creating an inflation-proof non-governmental currency suitable for everyday use. In contrast to other cryptocurrencies, Dash has an organizational structure with a clear distribution of tasks, budgetary sovereignty and targeted decision-making hierarchy despite the decentralized network. The currency system is based on blockchain technology. Dash pays all service providers in the system (Masternodes and Miner) and also generates its own budget from the block returns. Thus, the network is independent of external investors or donations. At the end of 2017, the market capitalization of Dash was around 11 billion US dollar.
About Dash Embassy D-A-CH
The Dash Embassy is the legitimized representative of the cryptocurrency Dash in German-speaking countries. The company based in Lübeck performs an educational and teaching assignment on behalf of the Dash network. The aim is to promote dialogue and education around the subject of cryptocurrencies in general and Dash in particular in Germany, Austria and Switzerland. In addition to online tutorials and offline presentations, interested retailers will also find a contact person in the Dash Embassy. More information and all current offers at www.dash-embassy.org.
Usually structurally weak cities welcome the arrival of new industries. In Plattsburgh, New York, on the other hand, the city council has decided to ban the construction of new mining farms for the time being.
In the northeastern US, in the state of New York, there is cheap energy but little work and industry. The area is part of the Rust Belt, the first and largest industrial region in the US, which has been in crisis since the decline of heavy industry in the 1970s. Now Bitcoin mining is getting the area back on track. The conditions - cheap electricity and cheap land - could not be better.
For example, Coinmint, a company registered in Puerto Rico, bought a large part of a former aluminum plant in Massena, New York, to build a mining center there. The company has invested 165 million dollars and promises to create 150 jobs. Blockchain Industries also plans to invest $ 600 million in a mining farm in Massena, which together with the associated call center will create around 500 jobs.
A prime example of the transformation of a former heavy industry city into a mining site is likely to be Plattsburgh. This city advertises the cheapest electricity prices in the world and offers industry rates of $ 2 per kilowatt hour. In a former paper mill, for example, there is a large cloud mining center, which advertises with incomparably favorable conditions.
You'd think the city would be happy about that. In fact, Plattsburgh is now finding the miners so annoying that the city council recently unanimously passed a moratorium banning the resettlement of miners for the next 18 years. The reason is that the miners consume too much power - so much so that the city itself, which actually has a large excess of electricity, had to start buying electricity from neighboring cities in the winter.
The mayor, Colin Read, explains that he has heard "a lot of complaints," that electricity bills have gone up by $ 100 or $ 200. You can understand that people are angry. "Plattsburgh uses low-cost electricity tariffs to attract industries that create jobs. The city has 104 megawatts per month available. An increasing part of it is now used by miners. The largest mine alone - again from Coinmint - consumes about 10 percent of the city budget, but places relatively few workers on it. In the end, the miners work completely by themselves.
And the need is huge. "If we opened the gates, we would use 100 megawatts of electricity in two months. Some claimants want to lose 20 or 30 megawatts alone, "said the mayor. For the citizens there is not much left of the cheap electricity. In January, the city was already using more electricity than the regional power plants could produce, which is why Plattsburgh had to buy electricity in the open market - at higher prices, of course, which citizens were feeling on their electricity bills.
Image Sources:
- Article headers created by myself
- https://coinfinity.co/
- https://plattsburghbtc.com/
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