Sergey Bezdelov noted that the question of whether it is profitable to engage in mining is not entirely correct, because investors must understand that such a business, like any other, is advisable only if it generates profit.
“I can say that one piece of equipment for cryptocurrency mining currently costs about $3,000. To receive passive income, of course, you need more than one set.”
Bezdelov emphasized that transparent rules for entering and doing business have finally been created in the mining sector. More and more companies are showing interest in cryptocurrency mining – for example, in 2023, miners produced 54,000 BTC worth $3.5 billion.
Industrial mining in Russia is developing due to the presence of highly qualified personnel, climate conditions and the availability of free energy capacity, Bezdelov believes.
He emphasized that, unlike miners from Belarus, Russian miners have the opportunity to receive tax benefits from income tax on depreciation of equipment and deductions for value added tax (VAT) on the price of equipment and electricity in the amount of 20%.
Earlier, the Cabinet of Ministers of the Russian Federation approved a list of requirements for legal entities and individuals engaged in the mining of cryptocurrencies. Individuals will be able to mine digital assets without inclusion in the register only within the monthly energy consumption limit of 6,000 kWh.
Source: Bits
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