Russia makes new record in crypto mining – Cryptopolitan
crypto Gumagawa ang Russia ng bagong record sa crypto mining – Cryptopolitan 16 minuto ang nakalipas Balita ng Ethereum ng Bitcoin Cryptocurrency mining is on the rise in Russia with the country now taking the second spot for total power capacity devoted to digital currency production. According to data provided by Bitriver, one of the countrys largest miners, a staggering 1 gigawatt (GW) was reached during the first three months of 2023. The United States continues to remain at the top spot with 3-4 GW of mining capacity available, while other countries such as Gulf Power (700 MW), Canada (400 MW), Malaysia (300 MW), Argentina (135 MW), Iceland (120MW), Paraguay (100-125 MW) and Ireland (90 MW) make up the rest of the top ten list. Kazakhstan‘s policies against crypto mining have also helped boost Russia’s positive trend. Recently introduced regulations saw an influx of miners leaving China following its industry crackdown for more affordable costs in Kazakhstan. Unfortunately, due to electricity shortages in Central Asia, authorities quickly started shutting down authorized mining data centers and illegal crypto farms, leading many miners back to Russian borders. Not surprisingly, increasing electricity rates in the U.S., a fall in mining profitability and abolished tax incentives have slowed down Americas lead as