Russian miners reached the second place in the world for electricity consumption – Bits Media

Russia for the first time rose in second place in the world in general power of objects, whose activities are related to the mining of crypto assets.

Following the results of the first quarter 2023 Energy capacities of Russia, Digital assets involved in the extraction of digital, exceeded 1 GW. On start 2022 of the year, According to the research of the Cambridge Center for Alternative Finance, Russia was ahead of Russia in terms of energy supply of the industry and Kazakhstan, A year earlier - China and the USA.

The United States with the consumption of mining electricity companies continues to be the leader. 3 GW to 4 GW annually. The ten largest consumers of electricity for mining crypto acts also included the states of the Persian Gulf (700 MW), Canada (400 MW), Malaysia (300 MW), Argentina (135 MW), Iceland (120 MW), Paraguay (100–125 MW), Kazakhstan (100 MW) and Ireland (90 MW).

Director of the Russian Association of Cryptocurrencies and Blockchain (RAKIB) Alexander Brazhnikov believes, that in aggregate Russians use about 800 000 ASIC miners, The power of which exceeds 2,5 GW. Moreover, the Russian Federation has to 15% global shit -end mining crypto assets.

The leaders of the industry among Russian mining companies in Rakib were called Gomining, 3Logic Chilcoot, Pro-Miner, BitRiver, Sibmain, Uminer and Intelion.

The growth of mining capacities in Russia was quite expected, since there are a number of regions favorable for such activities, which are favorably different in terms of weather conditions, and energy prices. for instance, Irkutsk and Sverdlovsk regions, as well as the Krasnoyarsk Territory, where, in addition to the low cost of electricity, there is "favorable climate for mining", allowing additional funds for cooling equipment.

In February, in the Republic of Kazakhstan entered
by virtue of the new law, tight rules for cryptocurrency miners. He imposes restrictions on access to electricity and allows miners to consume electricity only if there are excesses in the national energy network.