Russia Could Relocate Bitcoin Miners To Northern Regions: Report

The Russian Ministry of Energy is considered by offering its now strictly regulated Mining industrial incentives for Move to north of the earth.

This move follows Russia Charding Business of Mining Bitcoin In ten regions (mainly in the south) in January this year: Dagestan, Ingusetia, Kabardino-Balkaria, Karahay-Berkessia, Northern Osseti, Chechny, Donjeck, Passerizhhzhia and Kherson.

The ban should remain in force by March 15, 2031, and the government is investigating plans Expand the restrictions on new regions.

Russia – with relatively cold weather and cheap energy supply – was historically one of Best Bitcoin Mining. But that increasingly suffered a shortage of energy From the outbreak of the Ukrainian war, causing local disappearances and forcing the government to try and regulate the industry to facilitate pressure.

Russian Deputy Minister of Energy, Yevgeny Grabchak, suggested in an interview with state news Tas That Bitcoin miners could have remodeling the “common capacity” of unused electric network centers in northern Russia previously used to produce oil.

“The field resources have been spent, but centers for power supply are preserved and miners can use them in the long run if they benefit from the economy and energy system of the region,” he said.

The regions prominent for expansion include “the whole north, part of the northwest and some parts of the Volga region.”

The minister did not order the company companies in the following steps, only that the agency was interviewed with the Miners about Moving.

Does the Russian ban on mining work?

The initiative to ban mining in the southern regions has so far achieved some success in terms of reducing stress on the electric network. The government claims that the ban has saved So far more than 300 mw– When to Small city power.

That doesn’t mean these are Bitcoin Mining limits have proven particularly popular in Russia. Some analysts They said that the movements of mining prohibition can cause missed options for economic development and investments in the bad regions.

Other Russians pointed out that the banning of mining was mis -represented in the Western media. Denis Rusinovich, a partner in the cryptocurrency group, claimed that many large corporate miners in practice are still allowed to work in these regions. He said Mining pods The ban is carried out only in the case of smaller unregulated miners or private individuals.