Experts shared their opinion about mining in Russia

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Ultramining.com

17:05 30/08/2022

175
Experts shared their opinion about mining in Russia

The situation in the digital currency market impacted all the participants including miners. Despite many companies were forced to sell their hardware and mined coins, reduce capacity in order to meet current expenses, some of them spoke out that today is the best time to realize new opportunities and achieve goals.

From the many experts’ point of view, Russia has very comfortable conditions for mining. There are low affordable electricity prices and a cold climate that provides no need for equipment cooling.

According to Sergey Arestov, BitCluster representative, at the moment it is possible to talk about cryptocurrency mining if one is ready for long term investments if the miner believes in its prospects and is ready for long-term investments.

In current conditions Under those conditions the payback period is about approximately 3 years. Thus, if smb for those who want “here and now” – they will be very disappointed. But Arestov admitted that today's situation is not as dangerous as when the market was at the highest rates.

Ivan Sharov (Hardvar.ru) is also sure that now is a good time for miming. He supposes that low prices for current expenses and hardware will be able to compensate for BTC declining. He paid attention to the cheap electricity as the main source of profitable mining. Also he recommended the equipment of the latest generation because of its efficiency.

Experts point out that despite high prices there are many used hardware on the market including supplies from other countries. The main question is energy efficiency which is of particular importance because of the fall of bitcoin.


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