The head of the New People parliamentary faction, Alexey Nechaev, believes that the adopted law on cryptocurrency mining can bring good income to the Russian budget, as well as balance the energy system in various regions of the country.

“About 3 gigawatts in the Russian Federation are used for mining. In fact, mining is the sale of electricity abroad. That is, we are ready to sell electricity for export. And what is 3 gigawatts today? This means that through processing into cryptocurrency we can receive about $3 billion in export revenue. This is a third of the arms market in the best of times, a lot of money, and this is income for the country and the budget,” the parliamentarian emphasized.

He also recalled that the situation with energy supply in Russia remains heterogeneous – in some regions there is a deficit, in others, on the contrary, much more electricity is generated than is consumed. And you can use mining for balancing.

“There are regions where there is no need to mine, especially in winter, because there is a shortage of electricity there. And there are regions with excess capacity, and there it can be used, unloading the system,” Nechaev said.

Now there is a discussion of a ban on mining in certain regions – we are talking specifically about energy-deficient regions and republics of the Russian Federation.