RACIB launched a project to relocate mining facilities to Russia – Bits Media

Russian Association of Cryptoindustry and Blockchain (RAKIB) announced the launch of the project, within the framework of which it is planned to attract miners to place facilities in Russia.

In its statement, RACIB reminds, that more than 1 PVt electricity, and the territory of the country is great for placing mining farms. This is facilitated by both excess energy, so cold climate, allowing much cheaper heat removal from equipment. Celebrates RAKIB and low population density, which allows you to place almost any possible capacity without special costs and difficulties.

“To promote and implement this project, RACIB works closely with the authorities of the Russian Federation., its regions and state corporations. Several working groups have already been formed, which include representatives of the energy complex and state corporations ", - noted in the statement.

Representatives of RACIB did not forget about the current trend for the use of "green energy" for bitcoin mining. They recalled, that wind farms are actively being built and commissioned in Russia. One of the most attractive locations for equipment placement is the Rostov Region., where the largest wind power plant with a capacity of 300 MW.

Naturally, this statement is due to large-scale mining bans in China, where the authorities set a course for ecology. Previously, The 9City from Shanghai announced plans to move capacity from China to Russia.