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Demand for mining equipment in Russia has grown one and a half times in just a month. This was reported by TASS, referring to the results of the analytics of the Yula and VKontakte Announcements services.
At the same time, if the average increase in prices for mining equipment was 15%, then ready-made mining farms rose in price in January 2022 compared to the previous month by all 40%.
Paradoxically, the growth in demand for mining products, as well as the increase in the number of searches for the word “Bitcoin”, is observed against the backdrop of a dispute over a ban on mining in Russia. True, it seems that neither mining nor the circulation of cryptocurrencies will be banned.
Citizens are trying to save money amid record inflation, especially since electricity in Russia is relatively cheap, Nikolai Grigoriev, a member of the supervisory board of the National Association of Corporate Directors, explains the increased interest in mining. At the same time, as experts emphasize, many beginners try to earn money without understanding the essence of mining and, disappointed in the “easy” earnings, sell equipment.
Meanwhile, energy retailers are offering power cuts to individuals who mine cryptocurrencies, while benefiting from feed-in electricity tariffs. as well as to oblige providers to provide distribution companies with information about the location of IP addresses from which cryptocurrencies are mined. One of the reasons for the dislike of power engineers towards the “miners” of cryptocurrencies is the increased load on the network that miners create.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
