The mining industry in Russia is on the rise, Coindesk journalists came to this conclusion. They identify the following as the main factors for industry growth:
— Availability of cheap energy and cold climate.
— Activity of the Chinese mining giants Bitmain and MicroBT in the Russian market of equipment for cryptocurrency mining.
— More equipment comes to Russia than anywhere else in the world.
— The mining industry is practically not subject to Western sanctions.
— The attractiveness of the Russian market for mining against the backdrop of bans in China, regulatory restrictions in Kazakhstan and the lack of clear rules in the US market.
— The only limitation is the lack of a regulatory framework in the country, which must be adopted by the end of the year.
