Working Group to Develop Efficiency Standard for Crypto Mining in Russia – Mining Bitcoin News

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Experts team up to improve profitability of cryptocurrency mining in Russia.

Crypto industry experts have formed a working group to draft a standard for energy-efficient and profitable cryptocurrency mining in Russia. The rules will aim to help developers and data center operators offer investors increased hardware uptime.A group of crypto specialists have teamed up to elaborate a standard that should improve the overall efficiency of mining and in particular the use of energy to mint digital currencies.

The decision to establish the working group was announced at a crypto summit held in Moscow, during a presentation on the topic made by representatives of Racib, mining data center operator Vekus Mining Development and Yuri Kudryashov, director of Russia’s Research Institute for Sustainable Development in Construction.

A scientific approach, with computer modeling of temperatures and speeds, should help to improve the quality of engineering solutions for mining modules, Yuri Kudryashov is convinced. It should also allow the proper calibration of ventilation systems, taking into account indicators such as humidity, season, region, and the particular location where a crypto mining unit is installed, the official elaborated.

 

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If Russia is serions about crypto I think stablecoins like Tether will succeed in 2023 as well as crypto in general.

Should they? And more importantly how?

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Who joins this expert team?

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