Four hundred respondents took part in the survey conducted by Intelion Data Systems, a company importing equipment for blockchain computing in Russia. According to the results, 38% of respondents began investing in mining ahead of the Bitcoin halving. Another 14% of respondents began investing in mining in 2022, 9% – during the rise of the cryptocurrency market in 2017, and 2% of respondents have been investing in cryptocurrency mining for more than ten years.

Respondents confirmed that they are ready to invest millions of dollars in cryptocurrency mining in Russia, but they are held back by the lack of transparent and clear regulation of the industry.

Let us recall that the State Duma of the Russian Federation is considering a bill on regulating the activities of mining digital assets. According to participants in the industrial mining market, some provisions of the bill concerning the government’s right to ban cryptocurrency mining in certain territories and a possible ban on advertising goods and services in the mining sector may reduce the attractiveness of the industry.

Earlier, Kommersant reported that energy workers sharply criticized the Ministry of Energy’s initiative to increase tariffs by five to ten times for the transmission of electricity to mining centers.

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