The number of “white” miners in Russia has increased 10 times
In Russia, the number of officially registered miners has increased tenfold in six months, said Alexey Nechayev, head of the New People faction, at a plenary session in the State Duma on July 23, the last day of the spring session, RBC Crypto reports.
He noted that this was caused by the adoption of the law on mining in the fall of 2024 and that this is a correct illustration of how to work, instead of “driving people into the shadows with fines and bans.”
“When mining was emerging, there were many who wanted to ban it, but it is clear that the future belongs to cryptocurrencies, mining was and will be,” said Nechaev.
He recalled that before the law was passed, miners worked “under the table”, some tried to work officially, but taxes were still not paid. There were also situations when entire cities and districts were without electricity because mining overloaded the power grid, the deputy added.
According to him, there were those who suggested the usual way – to ban, to toughen the punishment, but another way was found – legalization of mining. Six months passed, and it became clear that it worked, Nechaev emphasized.
“There are now more than a thousand officially registered miners in the registry. Before the law, there were 91 companies, that is, legalization has increased more than 10-11 times, they began to pay taxes,” the deputy said.
He added that this year miners invested 5 billion rubles in the development of artificial intelligence. Nechaev noted that they invest money in Russia, and do not transfer it abroad, in addition, power outages have stopped.
Mining was introduced into the legal field on November 1, 2024. Cryptocurrency mining in Russia can be legally carried out by individual entrepreneurs and legal entities registered in a special register of the Federal Tax Service (FTS). Individuals can mine cryptocurrency without being included in the register, but within the limits of 6 thousand kWh per month.
In some areas where there is an energy deficit, mining is limited. A complete ban is in effect until spring 2031 in the south of the Irkutsk region, in the republics of the North Caucasus, the DPR, LPR, and the Zaporozhye and Kherson regions. In Buryatia and Transbaikalia, mining is limited during heating periods of energy consumption, but a complete ban may soon be introduced in these regions as well.
In recent years, Russia has consistently ranked second in the world in terms of Bitcoin mining volume, according to the Association of Industrial Miners. This summer, the hashrate of Russian miners was 150 EH/s (exahash per second), or about 16.6% of the global hashrate. According to experts, up to 40 thousand bitcoins could be mined in Russia in 2024 (about $4.7 billion at the current exchange rate).
Источник: cryptocurrency.tech
