Countries in Eastern Europe are Designing Special Electricity Prices for Cryptoc

[Rockalo]

Mining cryptocurrencies consumes a lot of energy. For this reason, some governments set special prices for miners. This trend seems to be particularly strong in the Eastern European region.

The Belarusian Ministry of Energy has already introduced a separate fee system for companies engaged in mining. Although the country is known for its friendly attitude towards the cryptocurrency industry. President Alexander Lukashenko legalized mining back in 2017 and built a mining data center based on the Belarus nuclear power plant. More information: Please click here

[Muneeb22]

This is great for the miners because they are doing good work and they mine coins in their places and they earn good amount of money through mining easily. In the crypto market the best way of earning is just the mining and so many peoples will do that and they earn good money through this.

[UNIVERSE]

Is it effective?
We know that mining needs very high electric power. And most miners will spend much electricity during mining in order to get higher mining and results.
About this regulations, I am sure that it may be done to press the mining actviitis. But by increasing the fees, will it drive somebody to be illegal mining activities? To avoid paying more fees for electirc?

[trofim21]

I think that the countries that receive the majority of mining farms in their country will grow, as people will spend cryptocurrency in these countries and these countries will receive good income.