The world's # 1 oil production company will start mining bitcoin

The third largest company in the world, Saudi Aramco, plans to enter the cryptocurrency space.

Referring toInformation provided by Brazilian bitcoin miner Ray Nasser during an interview on the YouTube channel Bitconheiros suggests that the Middle Eastern oil giant is interested in mining BTC.

«We are negotiating with Aramco.All the oil that comes out of the desert belongs to this company. The total gas they burn that they don't use is enough to power half the Bitcoin network, just from this one company»Nasser said.

Of course, if huge profits can be made from the wasted flare gas, the company will certainly do it.

Aramco is believed to be already taking advantage ofblockchain to improve its operational efficiency, security and reduce costs. The firm has already invested in two blockchain platforms, Data Gumbo and VAKT, to get rid of paperwork.

«Aramco is investing significant amounts inblockchain technology and works closely with its business partners to encourage them to adopt this technology. Aramco deployed its enterprise blockchain platform in partnership with IBM, allowing Aramco to expand solutions based on this technology»- said a spokesman for Aramco.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

#	Exchange:	Website:	Rating:
1	Binance (Editor's Choice)	https://binance.com	9.7
2	Bybit	https://bybit.com	7.5
3	OKEx	https://okex.com	7.1
4	Exmo	https://exmo.me	6.9
5	Huobi	https://huobi.com	6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

• Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
• Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
• Feedback and support– we analyze user reviews and the quality of technical support.
• Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
• Platform Features– availability of additional features — futures, options, staking, etc.
• final grade– the average number of points for all indicators determines the place in the ranking.

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