Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: RSRS on October 15, 2021, 03:27:04 PM
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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.
Shulginov said that cryptocurrency miners in Russia should not consume electricity at residential tariffs, stating:
“We can’t let miners capitalize on the situation at the expense of low residential electricity tariffs [...] In order to maintain the reliability and quality of power supply, we believe it is necessary to prohibit miners from consuming electricity at residential tariffs.”
Some Russian regions have reportedly faced explosive growth in energy consumption, allegedly due to Chinese miners exiting the country amid a nationwide crackdown on crypto.
More Information (https://cryptonews.net/en/news/mining/2228045/)
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I read this news, myself from Belarus and thought that this would not affect us, because the president issued a decree that until the end of 2023 cryptocurrency will not be subject to restrictions, but now we will also be subject to restrictions like in Russia :'(
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Such a decision, I think, because of this, the peace of miners from Russia will go to other neighboring countries, of course, depending on how much electricity tariffs will increase, but judging by the article, they want to thoroughly deal with this process ... In general, the miners will move to another country There are no such strict restrictions.
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It makes sense to be done moreover if there are so many miners especially after the relocation.
Well, but actually this may be also about politic or also the condition where the government may utilize such condition to get benefits from the relocation and also from mining activities.
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Mining becomes issuees in some countries related to the use of electric power. We know that it becomes one of the problems that always influence many countries to speak up abiut mining.
Well, we can see how the exact condition, sometimes the news is only raised highly even the fact doesn't prove tii
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I was sure that the Russian side would not make good conditions for mining, but this is bad in my opinion, it would be better if the state would contribute and then it would receive a colossal profit from this
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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.