Last year turned out to be one of the most difficult for miners: after the collapse of cryptocurrency rates, the profitability of virtual coin mining also decreased. Small mining pools left the market, manufacturers of equipment for mining suffered losses. By the beginning of 2019, the situation has not changed, but many market representatives believe…
The creation of a “Cryptocoryne” in Russia could potentially, given the available reserves of electricity, to bring up to 70 billion rubles of annual income to the state budget only under the VAT for electricity consumption. This follows from the calculations of the international infrastructure and mining company BitCluster. Read more in bankir.ru
Experts BitCluster indicate that the state profits from mining are evident, because the electricity bills are subject to VAT — now at 20%. Their data are based on calculations of electricity consumption of one typical mining device — Antminer S9i, which is 1,350 kWh. Read more in banki.ru
On the night of Wednesday, December 19, the complexity of bitcoin mining fell by 9.5%, which increased the profitability of cryptocurrency mining. Read more in forklog.com
The profit from the digital money mining business has been falling throughout 2018, however, if certain conditions are met, this activity still brings income. Read more in rbc.ru
Due to the fall in the value of cryptocurrencies, mining is becoming less and less profitable, and in some cases it is already becoming unprofitable. This will lead to the withdrawal of some players from the market. Cryptorussia asked what prospects experts see in this market. Read more in cryptorussia.ru
It is impossible to accurately calculate the amount of energy consumed during mining, however, according to various sources, the Bitcoin network uses as much electricity as Ireland or Belarus. Read more in rbc.ru
Equipment for the extraction of digital money began to be actively turned off due to the fall in the value of the cryptocurrency, in early December this will lead to an increase in the profitability of devices by 15%. Read more in rbc.ru
