2022-5-25 15:10 |
Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators.
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Russia’s central bank intends to permit the creation of crypto mining organizations outside of the country, Russian news site TASS said on April 17. Elvira Nabiullina, head of the Bank of Russia, said that Russian entities will be allowed to establish special authorized organizations for cryptocurrency mining.
2023-4-20 23:34 | |
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As of the end of the first quarter of 2023, Russia ranked as the world’s second most powerful Bitcoin (BTC) mining provider, according to the Moscow Times, citing data from Bitriver. During the first three months of the year, Russia generated one gigawatt (GW) of mining power, according to the Moscow Times report.
2023-4-7 17:30 | |
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Russia is now offering tax breaks to those who want to invest in cryptocurrency mining. Since the Ukraine war and ensuing financial sanctions, the Russian government has reversed its stance on The post Russia offers subsidies on crypto mining in Siberia, details inside appeared first on AMBCrypto.
2023-2-9 15:30 | |
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Russia’s cryptocurrency mining bill to legalize crypto mining and the sale of mined crypto could be approved by January The demand for ASIC chips has increased among Russian crypto mining harThe post Russia: An increased demand for ASIC chips in the country could mean this appeared first on AMBCrypto.
2022-12-24 16:30 | |
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Didar Bekbauov — the founder of Kazakh Bitcoin (BTC) mining firm Xive — suggested that Russia may soon become a major player in the space of cryptocurrency mining. Bekbauov wrote in a recent Twitter thread that “Russia can gain a…
2022-12-9 20:06 | |
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The United States has announced new sanctions against entities connected to Russia, and this time around, one of them is a crypto mining company, according to a Reuters report. The post US levies fresh sanctions against Russian entities, including Bitcoin miner BitRiver appeared first on CryptoSlate.
2022-4-22 04:15 | |
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Sanctions are being imposed on cryptocurrency mining companies for the first time in history. The US Treasury Department announced that it is taking action against virtual currency mining companies across Russia.
2022-4-22 23:30 | |
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The Treasury department announced sanctions against companies and individuals who enable fiat payments or infrastructure for bitcoin mining in Russia.
2022-4-21 01:05 | |
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The U.S. government added Russian crypto mining company Bitriver on Wednesday as part of its ongoing effort to blockade Russian firms from accessing the global financial network in the wake of Russia's invasion of Ukraine.
2022-4-21 21:21 | |
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The tables have turned in Russia as the country’s energy minister calls for the legalization of crypto mining. Russia has had to fend for itself in recent months as it has faced escalating sanctions from the West and other nations.
2022-3-28 15:53 | |
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Russia’s Deputy Minister of Energy said that cryptocurrency mining in the country should be fully legalized as soon as possible. The post The tables are turning in Russia as energy minister calls for the legalization of crypto mining appeared first on CryptoSlate.
2022-3-29 13:43 | |
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On Thursday, the Central Bank of Russia said that it had granted Sberbank a license to issue and exchange digital assets. The move comes just two months after the central bank urged for a complete ban on cryptocurrency trading, mining, and use.
2022-3-18 08:55 | |
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The approval comes a short while after the Bank of Russia had advocated for a full ban on the trading and mining of cryptocurrency.
2022-3-18 22:21 | |
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The ruble’s fall has made mining more profitable in Russia for now, but parts and shipping costs are set to rise.
2022-3-16 19:22 | |
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Since the sanctions were imposed on Russia, whether cryptocurrencies could provide relief has been discussed by many. The post Will sanctions force Russia into mining? appeared first on CryptoSlate.
2022-3-5 11:00 | |
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Ethermine, the largest Ethereum mining pool by hashrate, included Russia and Belarus in the list of forbidden countries.
2022-3-10 20:06 | |
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The pool is possibly the first of its kind to cut services to Russian users.
2022-3-1 13:38 | |
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On Wednesday, February 16, 2022, the Russian financial ministry expressed a soft corner for the development of cryptocurrency. The ministry asked for Government help to regulate crypto investing, trading, and mining in Russia rather than putting a complete ban on it as advised by the central bank of Russia.
2022-2-17 23:10 | |
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The Russian Ministry of Economic Development (RECD) has announced that it would cut a significant percentage of taxes on Bitcoin mining activities within the region. This announcement, which was reported by local news source Izvestia, further explained the plans of the Kremlin government to encourage more mining investment within the region by mapping out strategic […]
2022-2-17 12:26 | |
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The Ministry of Finance suggested letting banks sell bitcoin while the Chamber of Commerce thinks mining should become an established business.
2022-2-8 22:39 | |
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Vladimir Putin, the president of Russia, during a video conference held on 26th January, has told the government officials that Russia bears certain “competitive advantages” in mining cryptocurrencies such as Bitcoin.
2022-1-28 02:00 | |
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Russia’s government and central bank (the Bank of Russia) advocate for two opposite approaches to regulating cryptocurrencies in general and Bitcoin mining in particular. The Bank of Russia has issued a proposal to prohibit mining in the territory of the Russian Federation, while Russia’s government offers a more moderate strategy regarding taxing and regulating this […]
2022-1-27 20:48 | |
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The Russian President is reportedly in favor of a welcoming regulation for bitcoin miners despite the Bank of Russia’s ban recommendations.
2022-1-28 15:46 | |
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President Vladimir Putin argued in favor of bitcoin mining citing the competitive advantages it brings for the country, thus opposing the crypto mining ban recently proposed by the Central Bank following the pressure from Russia’s Federal Security Service.
2022-1-27 02:59 | |
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In surprising comments made by Russian President Vladimir Putin, the nation could be softening its stance toward cryptocurrency. Putin is unlikely to directly endorse a cryptocurrency, but he seems to believe Russia could do very well mining bitcoin rather than outlawing it.
2022-1-27 01:10 | |
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Putin also asked the central bank and the government to come to a consensus on bitcoin regulation.
2022-1-27 20:14 | |
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Soon after the central bank of Russia announced that it is mulling a ban on crypto mining, reports now point otherwise. The Chairman of the State Duma Committee on Industry and Trade, Vladimir GuteThe post Russia might undo its mining ban decision, but Fitch Ratings point at other concerns appeared first on AMBCrypto.
2022-1-26 21:30 | |
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Russia’s apex bank plan to impose a blanket ban on crypto activities like trading and mining has been met with stiff resistance from opposition members and the country’s tech community. The post Telegram founder voices discontent about proposed Russian crypto ban appeared first on CryptoSlate.
2022-1-25 20:00 | |
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It has been somewhat of a rollercoaster ride for Bitcoin in the past week. While Russia's announcement of a possible crypto trading and mining ban has put pressure on the market, SEC's rejection of twThe post El Salvador buys the dip again, adds 410 BTC to its treasury, but experts raise alarm appeared first on AMBCrypto.
2022-1-22 14:30 | |
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The Bank of Russia is looking to ban the mining, creation, and use of cryptocurrencies. A report unveiled this news earlier today, noting that the central bank believes the proliferation of cryptocurrencies threatens Russia’s financial system and the ruble’s stability.
2022-1-22 00:55 | |
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It reports are to be believed, the central bank of Russia is mulling a ban on both crypto trading and mining. As per the recently released consultation paper, Moscow has outlined the risks associatThe post Moscow's likely trading and mining ban is souring global crypto sentiments appeared first on AMBCrypto.
2022-1-21 17:30 | |
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On Friday, Bitcoin and Ethereum led other cryptocurrencies in yet another dumping frenzy that saw over $700M in liquidations after Russia’s central bank proposed a blanket ban on the use and mining of cryptocurrencies within the country.
2022-1-21 12:21 | |
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The Bank of Russia published a stunning report on cryptocurrencies calling for a ban on all operations with cryptocurrencies, as well as bitcoin mining in Russia. Later, the regulator clarified that Russians are not prohibited from buying bitcoins through foreign-based trading platforms.
2022-1-23 02:11 | |
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Russia has proposed a full ban on crypto, this includes both mining and use of cryptocurrencies. The country’s Central Bank suggested that the trading of cryptocurrencies must come to a stop immediately.
2022-1-21 00:30 | |
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The central bank of Russia has called for a blanket ban on Bitcoin mining and the trading/usage of cryptocurrencies in the country. The bank has cited threats to its monetary policy and environmental concerns.
2022-1-21 21:45 | |
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Bank of Russia wants to declare all crypto-related activities, including mining, illegal
2022-1-20 15:21 | |
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China might have labeled Bitcoin and cryptocurrency mining "obsolete" in the country. But its exit from the sector has proven to be a boon for countries like the USA, Russia, and Kazakhstan where mostThe post Thai companies shell out millions to join the Bitcoin mining bandwagon appeared first on AMBCrypto.
2022-1-14 20:00 | |
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Is it profitable to mine cryptocurrency if the cost of energy is higher than profit? Many miners are moving to the USA, Canada, Russia, and the Scandinavian countries, where the cold climate makes it possible to lower the cost of BTC mining.
2021-12-8 09:00 | |
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Russia’s President still eyes cryptocurrencies with skepticism despite the increasing number of users in the country. Putin says they are not backed by anything and should be closely monitored. Russia has risen to become one of the leading countries for cryptocurrency mining following the Chinese mining purge.
2021-12-2 17:46 | |
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Over 200,000 out of the total 2 million mining machines that relocated from China following government crackdowns back in June headed to Russia according to the latest research released by the Financial Times.
2021-11-24 01:36 | |
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The chairman of Russia’s legislature, the State Duma, called for creating a new working group to focus on cryptocurrencies with a special focus on the rapidly growing local mining industry. This week, Vyacheslav Volodin directed his deputy Aleksei Gordeyev to create an inter-committee working group on cryptocurrency.
2021-11-13 20:51 | |
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Russia wants to provide regulatory clarity for the industry and gather a cut from the miner's profits by operating there.
2021-11-12 22:04 | |
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Russia has increased its hash rate because of miners fleeing from China due to the country's ban against Bitcoin mining.
2021-11-1 18:10 | |
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Russia's Inter RAO might begin commercial electricity export to Kazakhstan in November, as per local reports. The development comes after reports of the country facing a serious energy shortage due toThe post Can Russia rescue Kazakhstan's dwindling crypto mining activity with its electricity appeared first on AMBCrypto.
2021-10-30 18:00 | |
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Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, Kommersant.
2021-10-22 22:00 | |
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The exodus of Bitcoin miners from Chinese mining hotbeds has left a vacuum that many global players are scrambling to fill. It was recently noted that most of the lost hash power has been restored, thThe post Russia considers using oil field by-products for 'hybrid modules' of Bitcoin mining appeared first on AMBCrypto.
2021-10-21 21:30 | |
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Due to the recent bans on crypto mining in China, many have picked up shop and moved to Russia. This has caused significant power issues in those regions. The post Crypto Miner Tariffs Proposed by Russian Minister of Energy Following Chinese Migration appeared first on BeInCrypto.
2021-10-15 06:37 | |
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Latest data shows the leading global Bitcoin hashrate now resides in the US as a result of China’s crackdowns on mining. US Leads In Bitcoin Hashrate, Kazakhstan And Russia Follow After As per a report from the University of Cambridge, the US is now leading the global BTC hashrate, with Kazakhstan and Russia following soon […]
2021-10-15 22:00 | |
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The governor of the Irkutsk region in Russia complained to the government about illegal miners. Because of them, power outages may begin in the region.
2021-10-20 10:51 | |
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Gridless’ co-founder Janet Maingi explains how her company’s Bitcoin mining work is helping to electrify rural Africa, leading to a better quality of life for those in the communities Gridless touches.
Bitcoin miners are emerging as dynamic energy buyers, using sophisticated strategies to adjust their energy consumption based on supply and demand.
In early November, Bitcoin mining profitability experienced a notable uptick, with the hash price—a key indicator of miner earnings—rising by 29% since the end of October.
Monday’s bitcoin rally propelled El Salvador and Bhutan’s crypto stashes to $500 million and $1.1 billion respectively.
The Bitcoin hashrate, on a seven-day moving average, hit a record high of 755 EH/s last week.
The investment bank initiated coverage of the bitcoin miner with a buy rating and a $19 price target.
As AI’s insatiable demand for compute grows, Bitcoin miners are increasingly looking to AI to pay the bills