Russian cryptocurrencies mining is on the rise
A recent report said that the production of electronic coins had higher levels despite the popularity of this activity has decreased
Despite the low profitability that is seen in Russia in terms of the production of electronic assets, the mining of this cryptocurrency showed levels of growth recently.
The costs of the ASIC equipment, as well as the abrupt fall in the market, had started to turn mining into an unattractive activity for the Russians.
However, a recent report published days ago showed that in Russia there was an opposite effect to show that mining has a growing population.
Nowadays, the nation governed by Vladimir Putin is one of the best to carry out this activity, given that it has optimal conditions regarding the cost of electric services and the good climate that benefits the state of the equipment.
In the report, the number of mining companies has seen an increase of up to 15% this year, reaching a total of 75 thousand according to the Russian Association of Cryptocurrency and Blockchain (RACIB).
K. Tovar
Source: Cryptodaily
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