Boomstarter.network has lots of connections with the Asian region :advisors, office, ambassadors. We believe crowdfunding on blockchain and crowdmining will find a way in the area, and here are some points why.

  1. Indisputably, the People’s Republic of China is the leader in mining. According to the Cambridge Global Cryptocurrency Benchmarking Study, 58% of mining pools with greater than 1% of the total bitcoin hash rate are based in China. The country has also been the leader in trading volumes.
  2. Due to low electricity costs in China, all the firms use a lot of it — a mining farm consumes 40 megawatts per hour on average. 12,000 houses use the same amount of electricity for the same period. Imagine all these people unite for only one hour to help your project. How much do you think you will raise? It remains to be seen.
  3. Another big country of the region, India, launched the Bitcoin Mining Training Program (BMPT) together with the Indian Chamber of Commerce and Industry. The program will cover 30 cities across India and it’s aimed at stimulating development in agricultural regions. The founders of the program believe that it will attract additional funds to needy families and educate them on blockchain technology and business. The first course started in May in Pune.
  4. What about Japan? The country known for its breaking technologies isn’t left behind. In early July there has been news that local crypto miners from Fukui, a city near the Sea of Japan. Some towns out there provide low-cost electricity, and Alt Designs, a new mining farm, has chosen this area to install 500 servers. It all is supported by the crypto-friendly Japanese government, contrary to this of China.
  5. Speaking of the whole Asian region, there has been an increase in blockchain jobs despite low crypto market. According to CNBC, the number of positions in crypto has raised to 50% in Asia since 2017, most of them being Python developers’ roles. Second place in most sought for positions goes to financial and trading experts. Interestingly, China shares the same trend despite its robust law system.

Boomstarter Network

World's first cryptofunding platform

Boomstarter Network

Written by

World's first cryptofunding platform

Boomstarter Network

World's first cryptofunding platform

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