Cryptomining Booms in Russia Despite US Sanctions
Bitmain and MicroBT expanding their shipments to Russia as U.S. market gets saturate.
Source: tomshardware.com
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Bitmain and MicroBT expanding their shipments to Russia as U.S. market gets saturate.
There's more bitcoin mining equipment flowing into Russia than anywhere else in the world as sanctions reshape the country's economy.
The 6,000% increase in taxes per kilowatt hour of energy may "ultimately destroy the industry" in the country.
Everyone likes when Bitcoin is going up in price. But for BTC miners in Kazakhstan, this could soon translate into more taxes.
The status quo of bitcoin mining has been upended since China banned the practice in 2021.