The three most popular cryptocurrencies for mining in Russia included Bitcoin, Litecoin (LTC) and Dogecoin (DOGE). The leading cryptocurrency takes the first place from 49.4%, LTC accounts for 11.1%, and 8.4%in DOGE Memcoin, the deputy head of the Committee on Information Policy, Information Technologies and the Communications of the State Duma Anton Gorelkin, writes, writes RBC Crypto.
These data were announced at a meeting of the Rocytes on blockchain technologies. At it, the participants of the industry and government representatives summed up the first results of the law on mining, which entered into force four months ago.
On November 1, 2024, the provisions of the Law on Mining, allowing to legally obtain cryptocurrencies entered into force. Now miners and operators of the mining infrastructure (hosting, data centers) should be registered in special register of the Federal Tax Service (Federal Tax Service), with the exception of individuals using no more than 6 thousand kWh per month for cryptocurrency mining.
In the register of the Federal Tax Service for mining infrastructure (ROMI) operators, 98 participants have already been registered, 563 in the register of miners (RMCV), Gorekin said. At the same time, he noted that additional measures may be required to withdraw not registered miners in a legal field.
According to the Federal Tax Service, at the end of February, the registers included 518 miners and 91 operator. In November, the head of the service Daniil Egorov said that the process of registering miners is “quiet”, at a calm pace.
“According to the agency’s assessment, the pace of entry into the register is growing, but perhaps (this is already my assessment), it is already worth thinking about some methods of stimulation at the Code of Administrative Offenses,” Gorelykin wrote in his telegram channel.
He recalled that already in April, miners will have to submit the first tax reporting to the Federal Tax Service. Previously, revenues to the budget from mining activities were estimated at 50-60 billion rubles. per year.
Dogecoin, just like Litecoin, was previously included in the list of cryptocurrency miners popular among miners. Coins are included in the TOP-20 of the largest capitalization-DOGE in ninth place, LTC-in the 19th. Their production is carried out at the Scrypt algorithm, while there is the possibility of double mining (Dual mining) of these cryptocurrencies, when both coins are mined on the same device with a special one at the same time.
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Source: Cryptocurrency
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