In the past year, according to official figures, Russia has mined digital currencies worth a staggering $5 billion. The association states that data centers currently account for 60% of the overall electricity consumption by mining companies in the Russian Federation. However, a significant 40% (equivalent to over 1 GW) is generated by “gray and black miners.”
To reduce the share of tax-evading miners, the association proposes implementing balanced monthly consumption limits for the warm and cold seasons. Additionally, they suggest conducting an audit of previously established contracts for electricity supply and technical connections, aiming to tighten the conditions for network access.
Sergei Bezdelov believes that by implementing these measures, industrial mining could become a major catalyst for economic growth in Russia:
“According to our projections, industrial mining will eventually contribute over 50-60 billion rubles annually to the state budget.”
In addition, the regulation of mining activities would position Russia as a key player in the global digital economy, emphasized the president of the Industrial Mining Association.
Previously, in the Gorodishchensky district of the Volgograd region, power engineers from Rosseti-Yug, in conjunction with law enforcement officers, shut down three illicit mining farms.