Bitcoins To The Rescue: DICCI To Flag Off Bitcoin Mining Training Programme


In a welcome gesture, the Pune-based Dalit Indian Chamber of Commerce and Industry (DICCI) and social entrepreneur Tausif Malik have come together to foster self-employment opportunities among the youth in the rural sector by focussing on the newly emerging sector of FinTech, reported The Indian Express

Shri Milind Kamble, Founder & Chairman, DICCI and Tausif Malik of MAHAbfic.

They are planning to form special training programmes for the youth for Bitcoin Mining.

A press statement was issued by the DICCI and Malik where it was pointed out that Bitcoin Mining will bring employment opportunities to the doors of the rural youth in their hometowns and villages. 

Why Bitcoin mining?

While China dominates the mining of Bitcoin, India is a forerunner in its trade.India’s demography would also help the country in this arena.

Also, blockchain technology is a rage in the current financial market. By allowing digital information to be distributed but not copied, blockchain technology has created the backbone of a new type of internet. It was originally created for Bitcoin by a person or group of people known by the pseudonym, Satoshi Nakamoto but is now used for various other uses of this technology are being developed.

Bitcoin/cryptocurrency mining is mandatory for Blockchain platform to operate. Hence, DICCI and Malik and his organization MAHAbfic felt the need to offer Bitcoin/Cryptocurrency mining training programme (BMTP) on a large scale to create employment.

A research was conducted in the rural areas and it was found out that the youth are very enthusiastic about this new prospect. They said that it would not only increase their incomes, and add to their agricultural incomes but would help in reducing loan burdens. This would eventually help stop the rampant farmer suicides across the country.

Another benefit of this scheme is that Bitcoin mining can be carried out from the comfort of one’s home and hence does not involve the rural population to shift to metropolitan cities. This scheme not just creates sustainable employment opportunities but also keeps families intact. 

The training programme

The BMTP will span over 30 cities viz. Pune, Mumbai, Junnar, Aurangabad, Latur, Nasik, Nagpur, Osmanabad, Hyderabad, Vijayawada, Bengaluru, Chennai, Pondicherry, Cochin, Kolkata, Bhubaneswar,  Jamshedpur, Bodh Gaya, Patna, Lucknow, Delhi, Jaipur, Varanasi, Bhopal, Indore, Raipur, Ranchi, Guwahati, Jammu & Chandigarh and empower the youth.

The programme contents will train students in blockchain technology, Bitcoin/cryptocurrency mining, entrepreneurship, startups and business establishment. The first training programme is due to be held in May in Pune.

DICCI and Malik have joined hands with a clear mission on their mind: to make Maharashtra, the Bitcoin capital of the country. Good international connectivity, real estate opportunities and availability of human resources are to weigh in their favor to fulfill their mission.

“At least 20 years ago, Pune lost out to Bengaluru in becoming the Silicon Valley of India. We do not want to miss the bus this time,”

Malik said sounding determined. 

Also Read: Meet Prerna Wadikar, Who Is Working With Women In Rural India