Revealed, Russia Becomes the Country with the Second Largest Miners in the World

Liputan6.com, Jakarta Russia is now the second largest Bitcoin miner after the US. The latest data comes according to a report from Russian media Kommersant.

Russia’s new rating comes amid US moves to tax and regulate crypto mining at the state and federal levels, resulting in a less hospitable environment for the industry in the US.

According to Yahoo Finance, Tuesday (25/4/2023), Russia bagged the second position globally in terms of its mining capacity between January and March 2023, amounting to 1 gigawatt (GW), media reports cited BitRiver, a solution provider for cryptocurrency mining.

The US leads with 3-4 GW of mining capacity. Others in the top 10 include the Persian Gulf with 700 MW, Canada with 400 MW and Malaysia with 300 MW, the report said.

Russia is in third place at the end of 2021, ahead of the US and Kazakhstan in terms of bitcoin mining capacity, citing data from The Cambridge Center for Alternative Finance.

Illegal Crypto Mining Activities in Russia

With the increase in crypto mining in Russia, this is not spared from crimes committed by irresponsible parties in carrying out mining activities.

Recently, Russian police and electricity suppliers have carried out the closure and dismantling of illegal crypto mining installations in Siberia and Southern Russia. In one case, organizers of a mining company were accused of stealing large amounts of electricity.

The power company in the area announced on Friday, March 17, 2023, that, along with law enforcement, they had seized 66 miners’ tools.

A resident of the village of Nadezhda, who placed crypto mining equipment in his house and connected it to the power grid, can now face criminal charges for running the underground facility.