Russia Prepares For Intense Miner Migration

The serious energy problems that arise during the mining of Crypto money are still an issue of debate. In the wake of the news that Canada will offer a new opportunity to the miners who are considering emigrating due to the restrictions and rising prices in China and South Korea, now Russia's move on the matter has become clearer.

Russia is preparing for the migration of the krypto miners from the East and West, while the Press reports said that the Russian government is very confident about this issue and that it attaches great importance to this issue. Although there is no clear decision at this time, the krypto money communities in Russia, Russian or foreign Blochain experts, and many others agree that the Russian government will embrace Bitcoin Mining.

The Russians Are Very Ambitious.
The Russians are very confident in Bitcoin mining. Looking at the popular bitcoin forums, we have recently noticed one common message: ”Hello Chinese miners. We invite you to Russia. The kWh of electricity is only $ 0.05.”

The Russians are already preparing a really high-end Center for the mining business. So much so that the power connections of the centers are ok, the internet cables were taken to 5,000 square meters buildings accompanied by serious coolers. Security cameras and alarm systems are installed. The Russians, especially those aimed at the Chinese market, are closely following the problems in other places.

In recent media reports, many mining companies in Russia to do this job in the government to apply for the majority of the Chinese miners were shared information. Meanwhile, the Russian Krypto money and Blockchain association invited senior managers from China and Slovakia to Russia to exchange ideas with these people about what to do to get more miners.

They are divided into 11 separate time zones, they are in a very rich position in terms of Natural Resources and they are almost cut out for mining with cheap energy prices. By taking advantage of this situation, the Russian government is doing its best to attract mining companies to Russia and capture trillions of dollars in investment. At the same time, he is trying to make the right rules for the continuation of this market.

Russia Can Become A Major Mining Hub
The Russian government continues to follow all the developments related to mining and Crypto money around the world very closely. The Russian authorities, who collect and assess information from all over the world, are in close contact with companies in particular China, Belgium and the United States. Unlike the nationalist attitude he followed on other issues, Russia has a little bit of a stretch in its policy in order to give its opponents the advantage of the krypto money.

The lack of a clear view on this issue in the world and the presence of countries that advocate a large number of different views about the krypto money strengthens Russia's hand.

France and Germany will prepare a joint bill before the G20 Summit to be held in March, and the krypto will ask for increased control of the money. The United States will also demand an arrangement on anonymous Crypto money accounts in Switzerland, and the People's Republic of China will demand an arrangement of this event, saying that mining has severely damaged the country's climate and energy reserves.

At this point, Russia has a very strong hand because it has both the authoritarian power and the legal mind to make these arrangements, and the energy resources and the cold weather, which are a blessing for mining.

Russia plans to begin its work in the summer at the krypto-monarchs, while Russian authorities have received assistance from abroad. The world's leading Bitcoin miners, who were invited to Russia from 15 different countries, were asked to report on how the crypto monies were mined, while at the same time, each miner was asked to report on different approaches to how this event could be organized. At the same time, a delegation from China and Slovakia was brought and exchanged ideas to learn how to approach the miners.

Sergey Repetyuk, one of Russia's important economic figures, said in a statement about the issue::

”I do not see any harm when these miners start working in Russia, citing China's various reasons, after showing the door to the miners. If we do this in accordance with certain rules, we won't have any problems because we're a good place for this. Even in the peak periods of energy use, 40% of our power resources are idle. So I don't think there's going to be a problem with mining.”

Repetyuk's views were supported by Evgeni Itsakov, a professor of Economics at a university in Russia. Speaking on the subject, itsakov said::

”Energy in the country is very cheap and demand is not too much. We have a very strong infrastructure in this regard. Krypto money mining is a sector in itself and will continue to live until a more effective and useful solution is found. However, it is necessary to determine the rules in the market and it is pleasing to see their work.”

Will Russia Be Able To Change The Game With This Move?
It is a well-known fact that bitcoin mining consumes a considerable amount of energy. Bitcoin only consumed 40 TWh of electricity during 2017 on its own. At the same time, only 10 TWh of energy consumed exclusively for Ethernet transfers in December. Currently 80% of the world's mining business is done by Chinese-based companies. The Chinese government, which fears that it will not be able to provide energy for the people in places where large mining centers are located, is having problems with the miners. Two local States in the country, Inner Mongolia and Xinjiang – Uyghur, were seriously disrupted by the Chinese government's decision to energize the miners.

Russia ready for migrant miners Influx

The Russian government has no real worries about energy or nothing to fear. Even during peak hours of energy use in the country, 40% of Russian energy resources, consisting of coal, nuclear energy and hydroelectric power, are idle. The total capacity is 236, which is much more than the country needs. The Russian authorities have already paid for this. If krypto money mining is transferred to 100 GWh a year, the money entering the Russian economy from the market will be $ 30 billion or 1.7 trillion rubles. While serious centers are being set up for miners in the east of the country, he is interested in this issue and his representative in that region, Yuri Trutnev.

Recent reports indicate that migration in Asia began gradually. For the miners who choose cold weather and cheap energy prices as the two main factors in determining new locations, Russia's alternatives are Canada and Iceland. In particular, the news of Canada's Quebec City becoming a new center for miners found a lot of media coverage.

Not only mining but also other issues related to Crypto money in the country are frequently discussed. In particular, the issue of legalising Crypto money is quite busy on the agenda of the Parliament, while the Russian Government is not as hot as the Venezuelan President Nicolas Maduro for a Russian-based Crypto.

The Central Bank is pushing a national Crypto at the point of money, while the koin-based companies enter traditional stock markets. On the other hand, the Russian government is not expected to express its true opinion on these issues until the end of March elections. However, it would not be wrong to say that the ideas about mining are positive.