According to CEO and founder Igor Runets, the current cost of mining one Bitcoin in Russia is approximately $15,000. In comparison, the average cost of mining 1 BTC in the United States stands at $23,000. With increasing demand and rising transaction fees, the cost of mining in Russia is expected to reach $24,000 after the halving, while in the USA it could reach $37,000.
The businessman is confident that Russian industrial miners have certain advantages over their American counterparts, such as favorable climatic conditions, ample available capacity, and low energy prices. However, maintaining this advantage will require the use of newer equipment, the implementation of innovative production facilities, and investments in personnel.
BitRiver believes that all the necessary conditions for the growth of the cryptocurrency market are currently in place globally.
Previously, the head of BitRiver expressed the belief that within the next two to three years, Russia could become a leader in mining, primarily due to its utilization of electricity from associated petroleum gas.