Households Are Exploiting Cheap Siberian Energy to Mine Bitcoin


After China banned bitcoin earlier this year, Russia became the world’s second-biggest bitcoin miner country. Its cold climate nurtures the perfect conditions for bitcoin rigs to function at top performance for long periods without fancy cooling systems. But in addition to enterprise operations, home mining is also becoming popular in Russia.

According to a report by The Telegraph, over 14,400 households in Irkutsk, Russia, are estimated to be mining bitcoin, up from 8,000 last year. The region benefits from the cold weather and has the lowest energy prices in the country.

Source: Bitcoin Magazine


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