Study lists capital Moscow among most popular crypto mining destinations in Russia.
regions, the Krasnoyarsk Territory, and the Republic of Khakassia. In the first four regions, power demand was higher than the locally generated volume of electrical energy.
Industrial-scale crypto miners are led in their choice by the cost of electricity in the first place, and in the case with Moscow and the adjacent region, by logistical advantages. Sometimes, the latter prevail over the energy infrastructure as a factor, the experts have noted in a press release. They believe data centers should be set up in regions where not only the price of electricity is relatively low, but also generation exceeds consumption.
The regions where the two parameters match are Irkutsk, Sverdlovsk and Murmansk, the Republic of Khakassia, and the Krasnoyarsk Territory. The volume of generated electricity there is sufficient to not only meet the current demand, but also allows to connect more consumers without overloading the distribution networks.
The authors of the study believe that mining farms can provide an economically viable solution to utilize the excess generating capacities in Russia. Cryptocurrency mining can also expand the deployment of IT infrastructure in the Russian Federation, increase budget receipts for its regions and create new jobs.
Bitcoin mining is one of the crypto-related activities that still awaits regulation in Russia which, as of January 2022, controlled close to 5% of the monthly
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