Siberia Ideal for Turnkey Cryptocurrency Mining

Siberia Ideal for Turnkey Cryptocurrency Mining

December 29, 2018 Off By Steven Anderson

Siberia is evolving to be a location that several cryptocurrency miners are taking advantage of.  A Majority of BTC transactions are hosted in Siberia. It is already a major attraction for miners.

There were governments who decided to allow the industry evolve to see if it work for good.  However, when the system was trying to function out of the control of the government, countries like China banned it.

In year 2017, the Chinese government even issued orders requiring the cryptocurrency exchanges to return the funds to the original investors.

Early this year, Novosibirsk one of the largest glass manufacturing plant located in Siberia announced their plans to invest about 11 million rubles to mine Bitcoin.  This first phase of the projected reportedly made use of empty space and surplus energy for this project.

About 5 Siberian power plants who had surplus electricity attracted crypto miners. Also, En+ Group is providing electricity to cryptocurrency miners from some of their power plants like Irkutsk Oblast, Ust-Ilimisk, Bratsk, and Irutsk. While the Russian government permitted crypto mining, they did it under the condition that the coins that are mined will be sold overseas and not within Russia.

The miners were trying to attract China based miners as the Chinese government banned mining.  With electricity costs being the lowest in Russia several countries are considering it to be the best place in the whole world for mining.

Bitman has a service center in Irkutsk, and Russia is all prepared for legal mining operations.  The largest legal platform for providing for the mining operations are located in Siberia.  This platform was launched by Ilya Bruman and Alexey Paikin. 

Ilya Bruman previously stated that they have encountered restrictions for mining at home and therefore they were looking to scale the business by making use of electricity legally to mine cryptocurrency.  They tried to use legal methods to fulfill the market requirements. They decided to provide with stable electricity supply for their investors to facilitate highly efficient power supply for their mining business. Therefore they built the comprehensive infrastructure to provide for electricity.

The mining projects depend upon the renewable energy sources with the most ecofriendly hydroelectric power stations. Since the mining plants are located near the power stations not only the cost of electricity gets to be cheap, but the cost of delivering electricity also becomes cheap.

Anyone who is willing to take to professional mining can make use of the Minery in a way to function without any kind of legal headaches. Even someone without a technical background will be able to mine coins in just two clicks.

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