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  4. Russia considers new energy tariffs as Chinese crypto miners relocate

Russia considers new energy tariffs as Chinese crypto miners relocate

salvadormartin
2022-10-27 09:31:59

The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following migration of the industry into the country from nearby China.

Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is working on a new framework to differentiate tariffs between general usage and cryptocurrency mining, local news agency RBC reported Oct. 13.

Post Reply  
anabellcortess
2022-10-27 09:47:58
Chinese bitcoin miners are not acting wisely, moving to the territory of Russia after the ban of this type of activity by the Chinese government. Russia has never been friendly to cryptocurrency and the current poor economic situation in this country will in any case help to change the attitude of the Russian government towards the work of miners. Therefore, the official mining of cryptocurrency in Russia may be economically unprofitable.