Crypto Farms Mining at Russian Oil Fields Reach 85 MW of Capacity, Analysts Say – Mining Bitcoin News

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Russian crypto farms mining on associated gas reach a combined capacity of 85 MW.

of APG miners amounted to 400 million rubles , calculated at a monthly average exchange rate of $20,000 per 1

At the same time, Russia’s mining businesses are facing challenges due to sanctions imposed over the conflict in Ukraine. The EU has limited transactions with crypto wallets of Russian users and some international crypto exchanges restrict Russians’ access to their platforms. Vygon Consulting says that a possible way out is to register a mining entity in another country.

by the U.S. Department of the Treasury in April, amid concerns that Moscow may use the minting of digital coins to monetize its energy resources.that Bitriver has signed a memorandum of cooperation with Gazprom Neft, the oil production arm of Russia’s energy giant Gazprom, to utilize electricity generated from associated gas at its wells. Vygon Consulting’s experts insist such projects carry no risks for oil companies.

 

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I hope these obstacles will not be too big.

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Russia must be sanctioned so that they couldn't mine crypto

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Putin has to finance his war somehow. Bitcoin Crypto

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