A court ruling in Russia recently determined that a church must pay higher electricity fees, due to the fact that they are running cryptocurrency mining hardware on the property. Although this is an isolated court ruling, it certainly has implications for private citizens, who are mining in their own homes. Church Investigated “Grace”, the evangelical … Continued
The outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking advantage of lower prices offered to private consumers to mint digital coins. However, the region’s utility company says it should pay more because of the excessive energy consumption.
ICF Church, an evangelical church in Zurich, Switzerland, is set to begin accepting Bitcoin donations from its parishioners.
The common assumption with most churches is that they’re conservative and are beholden to time-honored traditions. While this is often true in many regards, a number of churches are actually quite keen on adopting the latest innovations that technology has brought to bear. Case in point is a church in Switzerland that is set to begin accepting Bitcoin donations.