Thursday, August 7, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

  • Gaming
    CodexField and Salvo Unite to Tokenize Game Code

    CodexField and Salvo Unite to Tokenize Game Code

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Telegram NFT Gifts Hit $49M in Sales with 322K Wallets Active

    Bored Ape minter finally sells after 92% fall from peak

    Bored Ape minter finally sells after 92% fall from peak

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

    CryptoPunks and Pudgy Penguins Draw Major Sales

    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

  • Gaming
    CodexField and Salvo Unite to Tokenize Game Code

    CodexField and Salvo Unite to Tokenize Game Code

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    VitaminAi and WildGo Partner to Unveil Web3 Pinball Game

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Animoca Brands Partnership Unveils Revolutionary Web3 Gaming Future

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Shrapnel to Leave Avalanche in New Partnership with Gala Games

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

    Blockchain Bookmakers: A New Era of Fair and Secure

    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    The Biggest Games Releasing in August 2025

    The Biggest Games Releasing in August 2025

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Crypto Arbitrage and How to Use It in Trading?

    What Is Crypto Arbitrage and How to Use It in Trading?

    What’s the Difference & Which Is Better to Trade?

    What’s the Difference & Which Is Better to Trade?

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    Think Your Cold Wallet Is Safe? Not If You Make These 7 Mistakes

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What are Decentralized Autonomous Organizations (DAO)? The Pros, Cons, and Real-World Examples

    What Is Copy Trading in Crypto? A Beginner’s Guide

    What Is Copy Trading in Crypto? A Beginner’s Guide

    A Step-by-Step Guide for Risk-Takers

    A Step-by-Step Guide for Risk-Takers

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    What is Spot Trading in Crypto? A Beginner’s Guide to How It Works

    How It Works and What to Watch Out For

    How It Works and What to Watch Out For

    Crypto Risk Management Strategies for Trading (2025)

    Crypto Risk Management Strategies for Trading (2025)

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Mining

Russian Crypto Miners Fume at Moscow’s Plans to Raise Their Electricity Tariffs

January 25, 2024
in Mining
25
Russian Crypto Miners Fume at Moscow’s Plans to Raise Their Electricity Tariffs
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter

Russia’s biggest crypto mining industry association has hit out at Moscow’s plans to increase electricity tariffs for miners.

The Ministry of Energy wants miners to fork out between two and five times more than they currently pay.

READ ALSO

British Oil and Gas Company Union Jack Oil Enters Bitcoin Mining! Details Here

Union Jack Oil Plans BTC Mining Using West Newton Gas Supply

As mining is not yet classified as a state-recognized form of “entrepreneurship,” most Russian miners currently pay the same kind of rates as residential homes.

While power providers have been given the authority to raise miners’ hourly tariffs, the majority want Moscow to legalize the sector.

This would allow power companies to charge at higher unsubsidized industrial or commercial rates.

But per Comnews, the Industrial Mining Association (APM) thinks that this will force miners into a “gray zone” of semi-illegality.

The APM said that Russia is currently a “global leader” in the crypto mining sphere, but warned the nation would lose this advantage if the ministry’s plans are accepted.

The head of Russia’s biggest mining firm this month claimed that mining in Russia was set to become far more profitable than in the US.

The ministry, however, thinks higher tariffs will discourage overzealous miners from setting up shop in some of Russia’s most remote regions.

🇷🇺 Russian Trade Ministry ‘Develops Tool That Lets Crypto Miners Evade Sanctions’

Russia’s trade ministry has developed a tool to help crypto miners evade Western sanctions.#CryptoNews #Russia #newshttps://t.co/nlfDfzoGaS

— Cryptonews.com (@cryptonews) November 15, 2023

Energy chiefs last month said that the “depletion of energy capacity in certain regions of Russia” was becoming a problem.

See also  Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction

They think crypto miners are hindering the connection of “larger infrastructure and socially significant facilities” to power networks.

In 2020, BitRiver miners claimed that one of their data centers was paying just RUB 1.11 (currently just over $0.01) per kilowatt for power.

The same miners claimed that this center, located near an undisclosed Siberian town was Russia’s largest crypto mining farm.

Crypto mining rigs at Russia’s biggest crypto mining center. (Source: Neizvedannaya Rossiya/YouTube)

Russia’s Fast-growing Crypto Mining Industry Hits Roadblock?

The APM Director Sergei Bezdelov said the ministry’s proposal “violates Russian anti-monopoly legislation.”

And he said that “increasing tariffs for miners by two to five times will make industrial mining unprofitable.”

Bezdelov added that this would, in turn, lead to an increase in the number of illegal miners operating in Russia.

The ministry has previously backed plans to block private citizens from mining crypto, but legalize industrial mining. Bezdelov said:

“These proposals are not only ineffective, but would also have a direct negative impact on the industrial mining industry.”

The APM chief pointed out that “the current geopolitical climate” of “sanctions” was driving up Russia’s need for a thriving crypto industry. He said:

“Mining allows [Russian players] to make international payments. [Crypto] is allowing the uninterrupted inflow of imports.”

Moscow officials have admitted that many Russian firms are already doing cross-border business in crypto.

The APM thinks the Russian industrial crypto mining market grew by 50% in 2023, and “took second place in the global Bitcoin mining market behind the United States.” Bezdelov added:

“Any leadership Russia has built up [in this sphere] must be protected.”

Equipment at a BitRiver-run crypto mining center.

See also  Canadian elementary school drags crypto miner to court over noise that 'never stops'

Equipment at a BitRiver-run crypto mining center. (Source: Neizvedannaya Rossiya/YouTube)

Where Are Russian Crypto Miners Setting up Shop?

Bezdelov claimed that Russian industrial miners can currently access a total capacity of 4.2 GW. He said the mining industry had invested $4.2 billion in equipment and data centers, adding:

“If balanced regulation is introduced, the government can expect to tax the industry to the tune of $563.5 million per year from 2025.”

Furthermore, the APM Director warned that illegal miners, who often use illicit power grid connections, pose a much bigger threat to network stability. He concluded:

“[Illegal miners] place excessive load on utility networks and increase fire hazards. […] They also decrease the reliability of power supply to households, and often steal electricity.”

Industry figures think the largest crypto mining companies in Russia (the likes of BitRiver and Intelion) raked in revenues worth around $130 million in 2022.

However, experts warn that most data centers are based in the Irkutsk Oblast in southeastern Siberia.

A map of Russia, with the Irkutsk Oblast shaded in red.

The Irkutsk Oblast in southeastern Siberia, Russia. (Source: Stasyan117 [CC BY-SA 4.0])

The oblast and its power providers have enjoyed an uneasy relationship with crypto miners over the years.

They have expressed happiness at the inflow of new industry to the area. But they have also complained that miners should pay higher power fees and beware of overloading grids.

Follow Us on Google News

Tags: CryptoElectricityFumeMinersMoscowsplansraiseRussianTariffs

Related Posts

British Oil and Gas Company Union Jack Oil Enters Bitcoin Mining! Details Here
Mining

British Oil and Gas Company Union Jack Oil Enters Bitcoin Mining! Details Here

August 7, 2025
Union Jack Oil Plans BTC Mining Using West Newton Gas Supply
Mining

Union Jack Oil Plans BTC Mining Using West Newton Gas Supply

August 7, 2025
Sanctioned nations are secretly mining Bitcoin and the clues are in the hash rate
Mining

US Bitcoin miners face 21% rig cost surge after Trump’s tariff goes live

August 7, 2025
IREN soars 11% after mining more Bitcoin than MARA in July
Mining

IREN soars 11% after mining more Bitcoin than MARA in July

August 7, 2025
How Will Donald Trump’s Tariffs Affect Bitcoin? There May Be a Danger That Is Not Being Discussed Much
Mining

How Will Donald Trump’s Tariffs Affect Bitcoin? There May Be a Danger That Is Not Being Discussed Much

August 6, 2025
MARA, Riot Diverge on Bitcoin Mining Financing in Q2
Mining

MARA, Riot Diverge on Bitcoin Mining Financing in Q2

August 6, 2025
Next Post
Saudi Arabia's Sovereign Wealth Fund Invests in Magic Leap

Saudi Arabia's Sovereign Wealth Fund Invests in Magic Leap

Comments 25

  1. 5l8xs says:
    2 months ago

    how to get cheap clomid cheap clomid pills can you buy clomiphene without insurance buying clomiphene without prescription get cheap clomiphene online cheap clomiphene prices can i purchase cheap clomiphene online

    Reply
  2. cheapest 20 mg cialis says:
    2 months ago

    I couldn’t turn down commenting. Adequately written!

    Reply
  3. flagyl vaginal cream says:
    2 months ago

    This website really has all of the bumf and facts I needed there this case and didn’t identify who to ask.

    Reply
  4. cajxw says:
    2 months ago

    azithromycin 500mg pill – oral ciplox 500mg buy flagyl medication

    Reply
  5. 3ks7c says:
    2 months ago

    cheap semaglutide 14 mg – rybelsus 14mg canada buy periactin tablets

    Reply
  6. 648nu says:
    2 months ago

    buy domperidone 10mg online – sumycin 500mg for sale flexeril canada

    Reply
  7. zu9a1 says:
    2 months ago

    order inderal – buy inderal 20mg sale methotrexate price

    Reply
  8. qq19g says:
    1 month ago

    oral clavulanate – atbioinfo.com buy acillin pills for sale

    Reply
  9. oi40m says:
    1 month ago

    nexium 20mg brand – nexiumtous purchase esomeprazole without prescription

    Reply
  10. oubj1 says:
    1 month ago

    order coumadin 5mg without prescription – https://coumamide.com/ cozaar 25mg pill

    Reply
  11. xznot says:
    1 month ago

    mobic over the counter – https://moboxsin.com/ mobic 15mg sale

    Reply
  12. a7qvj says:
    1 month ago

    order prednisone generic – https://apreplson.com/ oral prednisone 20mg

    Reply
  13. sexpz says:
    1 month ago

    ed pills that really work – best pills for ed top erection pills

    Reply
  14. h04ha says:
    1 month ago

    amoxicillin generic – amoxil order purchase amoxicillin sale

    Reply
  15. ay5wu says:
    4 weeks ago

    forcan ca – on this site how to get forcan without a prescription

    Reply
  16. 6l3v8 says:
    4 weeks ago

    order cenforce 50mg generic – cenforce rs buy cenforce 50mg pill

    Reply
  17. dy8b0 says:
    4 weeks ago

    snorting cialis – ciltad generic cialis soft tabs canadian pharmacy

    Reply
  18. k87tt says:
    3 weeks ago

    tadalafil tablets 20 mg side effects – letairis and tadalafil how long does it take for cialis to start working

    Reply
  19. Connielet says:
    3 weeks ago

    zantac 300mg tablet – https://aranitidine.com/# order ranitidine without prescription

    Reply
  20. Connielet says:
    3 weeks ago

    I’ll certainly carry back to skim more. accutane prospecto

    Reply
  21. ud2z4 says:
    3 weeks ago

    This website really has all of the bumf and facts I needed adjacent to this case and didn’t positive who to ask. https://buyfastonl.com/

    Reply
  22. Connielet says:
    3 weeks ago

    With thanks. Loads of conception! samples of cialis

    Reply
  23. fbvqh says:
    2 weeks ago

    I’ll certainly bring back to be familiar with more. https://prohnrg.com/product/orlistat-pills-di/

    Reply
  24. kg4al says:
    2 weeks ago

    Greetings! Jolly gainful advice within this article! It’s the little changes which liking make the largest changes. Thanks a quantity quest of sharing! meilleur viagra sans ordonnance 24h

    Reply
  25. Connielet says:
    2 days ago

    The thoroughness in this break down is noteworthy. https://ondactone.com/product/domperidone/

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
How to Earn Keys to Boost Your HMSTR Airdrop

How to Earn Keys to Boost Your HMSTR Airdrop

September 10, 2024
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Phantom Solana Wallet Adds Ethereum and Polygon Support

Phantom Solana Wallet Adds Ethereum and Polygon Support

May 2, 2023
Fire Detection Sensors Market Valued at USD 40.4 billion by 2031: Data Analysis by Experts at Transparency Market Research Inc.

Fire Detection Sensors Market Valued at USD 40.4 billion by 2031: Data Analysis by Experts at Transparency Market Research Inc.

December 25, 2024
7 Games That Feature the Dogecoin Meme Pup

7 Games That Feature the Dogecoin Meme Pup

December 15, 2024
Bitcoin: BTC dominance falls to 56%: Time for altcoins to shine?

Bitcoin: BTC dominance falls to 56%: Time for altcoins to shine?

June 18, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • British Oil and Gas Company Union Jack Oil Enters Bitcoin Mining! Details Here
  • CodexField and Salvo Unite to Tokenize Game Code
  • Union Jack Oil Plans BTC Mining Using West Newton Gas Supply

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.