The Ministry of Energy proposes to increase electricity transmission tariffs for industrial cryptocurrency mining farms by two to five times. Kommersant reports this with reference to sources.
According to their information, the tariff increase will primarily affect energy-deficient regions, including Buryatia, Trans-Baikal Territory and Irkutsk region. A significant portion of mining data centers are located there, which is already leading to a shortage of generation.
The ministry’s goal is to force miners to move to regions with excess capacity.
https://forklog.com/news/smi-uznali-o-planah-znachitelno-povysit-tarify-dlya-majnerov-v-rf
Topic: Russia Becomes World’s Second-Largest Crypto Miner (Read 1151 times)
In Russia, energy companies are already trying to refuse to connect new miners in cities to energy systems, because there are no laws, and if this capacity is later needed for other needs, then it will no longer be possible to disconnect the miners, because they have already been assigned a certain limit on the use of electricity. In the coming years, miners may be prohibited from connecting to energy systems.
In 2023, Russian miners consumed 1.5 GW of electricity, said Nikolai Shulginov, head of the Russian Ministry of Energy. He is quoted by RIA Novosti agency.
At the same time, consumption continues to grow, Shulginov noted. Currently, cryptocurrency miners are most actively burning electricity in the Siberian Federal District.
“In total, the country’s electricity consumption by miners is 1.5 GW, and according to forecasts, this figure will be increased to 5-6 GW,” the minister said.
https://ru.beincrypto.com/skolko-potrebili-energii-majnery/
The only paradox is that Russia is in 2nd place in the World, but there is no law on mining.
At the same time, consumption continues to grow, Shulginov noted. Currently, cryptocurrency miners are most actively burning electricity in the Siberian Federal District.
“In total, the country’s electricity consumption by miners is 1.5 GW, and according to forecasts, this figure will be increased to 5-6 GW,” the minister said.
https://ru.beincrypto.com/skolko-potrebili-energii-majnery/
The only paradox is that Russia is in 2nd place in the World, but there is no law on mining.
Russia Becomes World's Second Crypto Miner It's actually very exciting because when two world superpowers are giving importance to this system, it means that the days ahead will be good for crypto.Russia will definitely use more generational equipment to mine crypto that America is the first to employ workers Russia has chosen this approach to keep its economic system alive as a result of various world sanctions They know that as a result, various foreign companies will not come there due to the ban.hashrate Growth is good for any country, just different for the United States.Russia's position as the second Crypto miner country has been clarified by one of their organizations. This is certainly good news for the cryptocurrency It's a good day they're staying here.If they can continue to miner with their proper management then I expect them to establish themselves as a major crypto and miner nation by 2025 to 2030.High by low energy using current technology hashrate Achievable.As far as I know, 60% of all Bitcoin crypto miners are powered by renewable energy.To remove limits on Russia's electricity production Expensive transmission lines have to be built And a lot of energy will be wasted.Russia should use US full for crypto miners by changing modern technology then work will be easier and better environment for intensive mining workers and their work will be easier and Russia And I think America will leave.
America three four gigawatts Pride in mining power may not last as Russia ranks second in 2023 as per latest update so expect them to break all records and go first very soon.
Lastly, I think Russia is making the best effort to become a crypto miner, and they are expected to be the number one crypto miner using modern technology.So I think the first position seems to go.America is a very rich country, they have many technologies and renewable energy projects with modern technology, but Russia is far behind, so I don't think they can match America much if they try Can move on and in many cases have locations over from America.My little point is that Russia's second position as a crypto miner should be our joy.
My few cents: I don’t know if there are unregistered miners in America, but in Russian communities there are many miners with 10-100 ASICs or more who mine cryptocurrencies in the residential sector at reduced rates for residents of the country. If the electricity consumption of unregistered miners is added to the electricity consumption of official miners, it will differ much from the official one. America three four gigawatts Pride in mining power may not last as Russia ranks second in 2023 as per latest update so expect them to break all records and go first very soon.
Lastly, I think Russia is making the best effort to become a crypto miner, and they are expected to be the number one crypto miner using modern technology.So I think the first position seems to go.America is a very rich country, they have many technologies and renewable energy projects with modern technology, but Russia is far behind, so I don't think they can match America much if they try Can move on and in many cases have locations over from America.My little point is that Russia's second position as a crypto miner should be our joy.
Russia Becomes World's Second Crypto Miner It's actually very exciting because when two world superpowers are giving importance to this system, it means that the days ahead will be good for crypto.Russia will definitely use more generational equipment to mine crypto that America is the first to employ workers Russia has chosen this approach to keep its economic system alive as a result of various world sanctions They know that as a result, various foreign companies will not come there due to the ban.hashrate Growth is good for any country, just different for the United States.Russia's position as the second Crypto miner country has been clarified by one of their organizations. This is certainly good news for the cryptocurrency It's a good day they're staying here.If they can continue to miner with their proper management then I expect them to establish themselves as a major crypto and miner nation by 2025 to 2030.High by low energy using current technology hashrate Achievable.As far as I know, 60% of all Bitcoin crypto miners are powered by renewable energy.To remove limits on Russia's electricity production Expensive transmission lines have to be built And a lot of energy will be wasted.Russia should use US full for crypto miners by changing modern technology then work will be easier and better environment for intensive mining workers and their work will be easier and Russia And I think America will leave.
America three four gigawatts Pride in mining power may not last as Russia ranks second in 2023 as per latest update so expect them to break all records and go first very soon.
Lastly, I think Russia is making the best effort to become a crypto miner, and they are expected to be the number one crypto miner using modern technology.So I think the first position seems to go.America is a very rich country, they have many technologies and renewable energy projects with modern technology, but Russia is far behind, so I don't think they can match America much if they try Can move on and in many cases have locations over from America.My little point is that Russia's second position as a crypto miner should be our joy.
America three four gigawatts Pride in mining power may not last as Russia ranks second in 2023 as per latest update so expect them to break all records and go first very soon.
Lastly, I think Russia is making the best effort to become a crypto miner, and they are expected to be the number one crypto miner using modern technology.So I think the first position seems to go.America is a very rich country, they have many technologies and renewable energy projects with modern technology, but Russia is far behind, so I don't think they can match America much if they try Can move on and in many cases have locations over from America.My little point is that Russia's second position as a crypto miner should be our joy.
I read the news that such gas will be used for mining, but each country has its own difficulties. Such sources have limited power, and miners require more power.
It is necessary to install generators near each mining site and protect the equipment. All equipment will be in different places, which increases maintenance and security costs. I saw mining factories in Russia. They are located behind 2 fences and there are different security companies near each fence. Everything that is poorly guarded in Russia will be stolen.
It is necessary to install generators near each mining site and protect the equipment. All equipment will be in different places, which increases maintenance and security costs. I saw mining factories in Russia. They are located behind 2 fences and there are different security companies near each fence. Everything that is poorly guarded in Russia will be stolen.
Some people make millions of dollars a year doing flare gas mining https://www.cnbc.com/amp/2022/02/12/23-year-old-texans-made-4-million-mining-bitcoin-off-flared-natural-gas.html.
It is indeed not easy but doable with a great potential, speak of Russia, obvisoily I do not know how things work there, I assume you live in Russia?
I read the news that such gas will be used for mining, but each country has its own difficulties. Such sources have limited power, and miners require more power.
It is necessary to install generators near each mining site and protect the equipment. All equipment will be in different places, which increases maintenance and security costs. I saw mining factories in Russia. They are located behind 2 fences and there are different security companies near each fence. Everything that is poorly guarded in Russia will be stolen.
It is necessary to install generators near each mining site and protect the equipment. All equipment will be in different places, which increases maintenance and security costs. I saw mining factories in Russia. They are located behind 2 fences and there are different security companies near each fence. Everything that is poorly guarded in Russia will be stolen.
Some people make millions of dollars a year doing flare gas mining https://www.cnbc.com/amp/2022/02/12/23-year-old-texans-made-4-million-mining-bitcoin-off-flared-natural-gas.html.
It is indeed not easy but doable with a great potential, speak of Russia, obvisoily I do not know how things work there, I assume you live in Russia?
Mining farms are not factories that employ hundreds or thousands of people. Therefore, mining farms are built at old factories that have a direct connection from hydroelectric power plants or close areas to hydroelectric power stations, so as not to be connected to the city's power grid, and workers live and work on a rotational basis.
Basically, the data centers of these companies are located in the Krasnoyarsk Territory and the Irkutsk Region, where the most powerful hydroelectric power plants are located.
Basically, the data centers of these companies are located in the Krasnoyarsk Territory and the Irkutsk Region, where the most powerful hydroelectric power plants are located.
Yup pretty much like mining Bitcoin off flare gas, would be pretty difficult to build the residential buildings or normal factory/company in the places you usually drill for oil, but to drop a generator and a few containers in the middle of nowhere to start mining is pretty doable, which is why people use flare gas to mine bitcoin but not for many other businesses.
It is necessary to install generators near each mining site and protect the equipment. All equipment will be in different places, which increases maintenance and security costs. I saw mining factories in Russia. They are located behind 2 fences and there are different security companies near each fence. Everything that is poorly guarded in Russia will be stolen.
Mining farms are not factories that employ hundreds or thousands of people. Therefore, mining farms are built at old factories that have a direct connection from hydroelectric power plants or close areas to hydroelectric power stations, so as not to be connected to the city's power grid, and workers live and work on a rotational basis.
Basically, the data centers of these companies are located in the Krasnoyarsk Territory and the Irkutsk Region, where the most powerful hydroelectric power plants are located.
Basically, the data centers of these companies are located in the Krasnoyarsk Territory and the Irkutsk Region, where the most powerful hydroelectric power plants are located.
Yup pretty much like mining Bitcoin off flare gas, would be pretty difficult to build the residential buildings or normal factory/company in the places you usually drill for oil, but to drop a generator and a few containers in the middle of nowhere to start mining is pretty doable, which is why people use flare gas to mine bitcoin but not for many other businesses.
Those are some good figures for a country that has just started, with the sanctions imposed on Russia I think that large mining corps are probably getting some sick power deals below average prices, Russia has a lot of oil and gas that they can't easily sell, so making use of that for mining is a win-win, the electricity infrastructure might not be ready for a huge expansion but what's good about mining is "you can place the container anywhere", so just build the power plant and place the container nearby.
Usually, the most expensive and time-consuming aspect of electricity is power transmission, so for the average company or business that needs to operate within the city -- it could be a huge issue if the city doesn't have enough power infrastructure, for mining as long it's on and has internet connection the money keeps coming in.
Basically, the data centers of these companies are located in the Krasnoyarsk Territory and the Irkutsk Region, where the most powerful hydroelectric power plants are located.
Those are some good figures for a country that has just started, with the sanctions imposed on Russia I think that large mining corps are probably getting some sick power deals below average prices, Russia has a lot of oil and gas that they can't easily sell, so making use of that for mining is a win-win, the electricity infrastructure might not be ready for a huge expansion but what's good about mining is "you can place the container anywhere", so just build the power plant and place the container nearby.
Usually, the most expensive and time-consuming aspect of electricity is power transmission, so for the average company or business that needs to operate within the city -- it could be a huge issue if the city doesn't have enough power infrastructure, for mining as long it's on and has internet connection the money keeps coming in.
Yes! I saw the news! Russia's ascent to the world's second-largest cryptocurrency mining country in 2023 is driven by its abundant, cheap electricity and a growing number of mining facilities. This expansion in crypto mining reflects Russia's increasing role in the global digital currency ecosystem.
The income of mining companies in the Russian Federation amounted to 11.5 billion, the leader is Bitriver
Among all listed companies, Bitriver is the leader in terms of revenue. She received 7.88 billion rubles. In 2022, the company's computing power exceeded 300 MW for the first time. Another 6 facilities with a capacity of 900 MW are still being developed.
Second place goes to Intelion Data Systems. Its profit amounted to 1.03 billion rubles for 2022. The company has become an industrial operator for the sale and maintenance of computing equipment since 2017.
The third place is occupied by BitCluster with revenue of ₽716 million for the last year. Now the company operates more than 15,000 devices for cryptocurrency mining in the Irkutsk and Ivanovo regions, as well as the Krasnoyarsk Territory. The total computing power of BitCluster is approximately 60 MW.
https://freedmanclub.com/dohod-mayning-kompaniy-v-rf-sostavil-11-5-mlrd-rubley/
The latest official data is impressive, but there is still a lot of unregistered mining in Russia
Yes! I saw the news! Russia's ascent to the world's second-largest cryptocurrency mining country in 2023 is driven by its abundant, cheap electricity and a growing number of mining facilities. This expansion in crypto mining reflects Russia's increasing role in the global digital currency ecosystem.
"The bitcoin mining industry in Russia is booming, and hardware manufacturers Bitmain and MicroBT are positioning themselves to reap the benefits.
More machines are flowing into Russia than anywhere else in the world, Ethan Vera, chief operating officer at global mining services firm Luxor Technologies, said at CoinDesk’s Consensus 2023 festival held last month in Austin, Texas.
Russia has always been a powerhouse in terms of Bitcoin hash rate – a measure of computational power being contributed to the blockchain – thanks to the availability of cheap energy and its cold climate. Russia’s share of world mining gained as China banned the industry in 2021, making it the second- or third-largest in the world, according to one of its biggest mining firms."
https://www.coindesk.com/consensus-magazine/2023/07/28/amid-sanctions-bitcoin-mining-machines-are-flowing-into-russia-as-industry-thrives/
More machines are flowing into Russia than anywhere else in the world, Ethan Vera, chief operating officer at global mining services firm Luxor Technologies, said at CoinDesk’s Consensus 2023 festival held last month in Austin, Texas.
Russia has always been a powerhouse in terms of Bitcoin hash rate – a measure of computational power being contributed to the blockchain – thanks to the availability of cheap energy and its cold climate. Russia’s share of world mining gained as China banned the industry in 2021, making it the second- or third-largest in the world, according to one of its biggest mining firms."
https://www.coindesk.com/consensus-magazine/2023/07/28/amid-sanctions-bitcoin-mining-machines-are-flowing-into-russia-as-industry-thrives/
"Experts pointed to a decrease in energy consumption by miners in the Russian Federation by 49% in 2022
Today in Russia, the annual electricity consumption for bitcoin mining is less than 5 billion kWh, according to the July report of the Analytical Center for the Fuel and Energy Complex
MOSCOW, 27 July. /TASS/. The volume of energy consumption attributable to the mining of cryptocurrencies in Russia decreased by 49% in 2022. This is stated in the July report of the Analytical Center for the Fuel and Energy Complex (available at TASS).
Today, in Russia, the annual electricity consumption for bitcoin mining is less than 5 billion kWh, follows from the data of the ACTEK, while in the world it has reached a plateau at the level of 100-110 billion kWh.
According to Finam analyst Alexander Kovalev, the share of mining in the energy consumption of the Russian Federation is about 2.5-3%, while the official estimate is slightly less than 1%."
https://tass.ru/ekonomika/18373339
Today in Russia, the annual electricity consumption for bitcoin mining is less than 5 billion kWh, according to the July report of the Analytical Center for the Fuel and Energy Complex
MOSCOW, 27 July. /TASS/. The volume of energy consumption attributable to the mining of cryptocurrencies in Russia decreased by 49% in 2022. This is stated in the July report of the Analytical Center for the Fuel and Energy Complex (available at TASS).
Today, in Russia, the annual electricity consumption for bitcoin mining is less than 5 billion kWh, follows from the data of the ACTEK, while in the world it has reached a plateau at the level of 100-110 billion kWh.
According to Finam analyst Alexander Kovalev, the share of mining in the energy consumption of the Russian Federation is about 2.5-3%, while the official estimate is slightly less than 1%."
https://tass.ru/ekonomika/18373339
In Russia, in the Irkutsk region and neighboring regions, the police and the investigative committee began to fight the miners.
Everyone knows that in Russia a lot of mining equipment is imported into the country without paying customs taxes. The police also know this, and after the confiscation requires documents. Most likely, a lot of equipment will be confiscated without documents, or it will lie in police warehouses for years and become obsolete.
https://bitcointalksearch.org/topic/m.62534408
Everyone knows that in Russia a lot of mining equipment is imported into the country without paying customs taxes. The police also know this, and after the confiscation requires documents. Most likely, a lot of equipment will be confiscated without documents, or it will lie in police warehouses for years and become obsolete.
https://bitcointalksearch.org/topic/m.62534408
Is there a way to track russian miners payout? I wonder if this will create a larger sum off "illegal" tokens?
I don't think that's possible. Maybe the pool operators could, based on the IP addresses of the workers in their pool, assuming that the miners you're interested in don't change their IP. But chances are they've got other things to do and won't be fighting against their own interests / miners. Hashrate is hashrate for them; and they're right about that.
But what would be the point? Isn't the point that everyone should be able to mine BTC according to their own choices? Is the aim of a free-market and decentralized currency to file users of the currency in question according to their nationality? I don't think so.
I think we're a long way from seeing mass "illegal" coins linked to mining in Russia, I think what the authorities are most interested in are those coming out of certain mixers, for example.
yes, but some institutions don't think that way. I'm just worried feds will randomly show up because my business uses btc and I recived some 'illegal' coins. That will be a great cover for them
You depend on the number of people who use the same base station.
The number of users should not affect the stabelity of 4g connection if the provider is near modest, of course, if they account for 50 users and end up having 100 users the service will be affected, so it all depends on the service provider and how they size thier infrastructure.
One downside of using 4g is the cost, almost all packages have limited qouta، if you run a large farm you will be spending a lot on internet alone, the only solution for that would be using a mining proxy, in fact, using a mining proxy will also solve a lot of issues that you encounter from bad internet services.
My 4G modem works much worse in the summer and loses connection more often. In the summer, a lot of people relax in the village, and the more Internet users, the worse the connection and the more often the miners disconnect. In winter, the 4G modem gives good speed and stability, although sometimes there are shutdowns. You depend on the number of people who use the same base station.
To be honest, for now I am satisfied with this solution. The stability is perfect, and so is the quality of the connection, so I have nothing to complain about. I'm lucky that the cost is minimal, around 12 usd per month for unlimited data. I was worried at first when I read somewhere on the Internet that in summer or on religious holidays the network would be congested, but this has never been the case so far. Maybe it's because I'm in the middle of nowhere and the place in question is a village with fewer than 100 inhabitants
You are lucky, I can only have good speed on one provider at night.
Thank you very much for your answer ; it's very interesting! I'm going to experiment this very soon as I think it could help me a lot. Until now I've always operated in the classic way, 1 ASIC = 1 worker independent of the others, I wasn't aware of all that. I think it could have a good impact in terms of network utilization.
You are welcome, here is a list of some of the known free mining proxy
1-Ckproxy > Open-source but pretty much outdated, and doesn't work with most pools I tested (works just fine with Cksolo pool)
2- Braiins Proxy >Open-source, works with most pools but not all (can't recall which ones that didn't but they are a few), it's Linux based so won't run on Windows unless you use Docker.
3-Antpool proxy > Closed-source, doesn't work well with Cksolo pool, works great with Kano.is and most other pools, windows based for anything below 10k gears, the easiest proxy to set up, and has a very nice GUI.
As bizarre as that sounds I personally prefer antpool proxy and have only used it ever since I tested it (I tested most other public proxies before it, hopping not to use anything Bitmain-related, but nothing worked better), I tested it for a very long time without an issue, just make sure the pool you use can handle the difficulty change required by proxy, a list of the pools that I remember to have tested on Antpool proxy:
Viabtc, Antpool, Binance pool, and Kano.is, = worked great.
Cksolo > did not work.
If you need help in setting up any of those proxies, you can start a new topic and I will be willing to help.
Example: you have 50* S9, the pool wants you to be able to submit 10 shares per minute, so you will be submitting 500 shares per minute, let's say that will be 50 MB per minute.
When using a proxy, your miner could still submit 500 shares to the proxy, but the proxy will only submit 10 shares per minute to the actual pool (those 10 shares at current difficulty are worth exactly as much as those 500 shares at the lower difficulty), so now your network traffic on the WAN size is only 1MB per minute, so 50 miners connecting via a mining proxy will only consume as much data as a single miner.
When you have a somewhat pretty slow connection, connecting many miners will start to cause issues, reducing the number of connections to the pool to just 1 always helps, in fact, a mining proxy is a must when you go past a certain number of miners, it would be a nightmare having to route thousands of miners without a mining proxy.
When using a proxy, your miner could still submit 500 shares to the proxy, but the proxy will only submit 10 shares per minute to the actual pool (those 10 shares at current difficulty are worth exactly as much as those 500 shares at the lower difficulty), so now your network traffic on the WAN size is only 1MB per minute, so 50 miners connecting via a mining proxy will only consume as much data as a single miner.
When you have a somewhat pretty slow connection, connecting many miners will start to cause issues, reducing the number of connections to the pool to just 1 always helps, in fact, a mining proxy is a must when you go past a certain number of miners, it would be a nightmare having to route thousands of miners without a mining proxy.
Thank you very much for your answer ; it's very interesting! I'm going to experiment this very soon as I think it could help me a lot. Until now I've always operated in the classic way, 1 ASIC = 1 worker independent of the others, I wasn't aware of all that. I think it could have a good impact in terms of network utilization.
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