Russia’s mining industry is booming amid the Ukraine war and international sanctions, and hardware manufacturers are trying to tap into it. egreechee reports for MiningWeek, presented by FoundryServices.
Cheap energy costs, one of the largest contributors to mining profitability, have also incentivized miners in Russia to ramp up their operations. Currently miners are able to install their machines at other firms’ facilities at a cost of $0.05-$0.055 per kilowatt hour of energy all-in, thanks to the abundance of cheap energy, so the region will likely continue developing. Prices in the U.S. are around $0.08 per kWh.
Although the details of how rig manufacturers operate in the country are murky, industry sources that CoinDesk spoke to agree that they do have a vivid presence. These people requested anonymity because they were speaking on a sensitive topic.MicroBT is already entrenched in the market, whereas Bitmain is trying to find intermediaries so that it can better serve the market, an industry source in the region said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Insight: Obscure traders ship half Russia's oil exports to India, China after sanctionsA Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
Les mer »
U.S. intelligence agencies say China helping Russia evade sanctions, export controlsChina has become a major economic supporter of Russia since the invasion of Ukraine and is assisting Moscow in evading economic sanctions and export controls on technology, according to a U.S. intelligence assessment made public Thursday.
Les mer »
China helps Russia evade sanctions, likely supplies Moscow with war tech used in UkraineChina is providing crucial support for Russia’s war effort in Ukraine by helping the Kremlin evade Western sanctions and is likely supplying Moscow with key technology, according to a new U.S intelligence report.
Les mer »
African leaders arrive in Russia for summit as Kremlin seeks allies amid fighting in UkraineSome African leaders arrived in Russia on Wednesday for a summit with President Vladimir Putin as the Kremlin seeks more allies amid the fighting in Ukraine.
Les mer »
Russia arrests renowned sociologist amid intense fighting across UkraineRussia’s Federal Security Service on Tuesday arrested a renowned left-wing sociologist and former Soviet dissident, Boris Kagarlitsky, on a charge of “justifying terrorism” over comments he posted in October on social media.
Les mer »
Amid Odesa Attacks, Russia Deploys Standard Lie of Excluding Civilian and Cultural TargetsRussia’s false claim of striking “terrorist infrastructure facilities” in Ukraine doesn’t hold up after its missiles hit UNESCO protected cathedral and other cultural sites.
Les mer »