According to the head of the Russian region, the project involves the use of coal to generate electricity, which can be spent on cryptocurrency mining. The decision on the appropriateness of the project will be made within a month after the calculations at the level of specific enterprises, the official promised.
“We see the potential for the use of coal for the production of bitcoins and other digital currencies. The purpose of the project is to reduce the rate of reduction of coal volumes in the region, ”Ilya Meredyuk explained.
The energy should be cheap to compensate for the costs of extraction of digital assets, and heat from generation can be used in agriculture, for heating greenhouses, the governor said.
Anton Gorelykin, Deputy Chairman of the State Duma Committee on Information Policy, supported the initiative of the authorities of the Kemerovo region, called it the “solution to the many years of Kuzbass problem” – dependence on external coal markets and excessive logistics costs for sending this mineral. The production of cryptocurrencies “organically fits” into the concept of construction in the region of industrial production industries, the deputy added. He believes that the Kuzbass power plants for mining will be able to meet environmental standards, as “pure coal TPPs” do in other countries.
Earlier, the Chairman of the Government of the Republic of Komi Dmitry Bratynenko said that in the Syktyvdinsky district it is planned to build one of the largest mining centers in Russia.
Source: Bits

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