A bubble appears in the market of leasing services for mining in Russia

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Ultramining.com

09:30 Oct 21, 2022

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A bubble appears in the market of leasing services for mining in Russia

There is a trend of increasing demand for leasing services for cryptocurrency mining equipment. However, the attitude of leasing companies to such a direction is cautious.

Nevertheless, according to the forecasts, the market volume of such operations may reach about 1 billion rubles by the end of the current year and increase significantly in the next year. There is information that BitCluster and Intelion Data have shown interest in this area. As for the leasing companies, they are afraid of the ambiguity on the part of regulators regarding the mining of digital currencies. In addition, it is not clear whether Russian citizens can use cryptocurrency legally.

The rate for such services is 10.2-12% per annum, with a term of up to three years. Also, a down payment of 20-35% is required. Miners have a positive attitude to leasing believing that it will help increase capacity.

Nevertheless, the issue with the regulation of cryptocurrencies remains open. It became known that the State Duma rejected the first version of the law concerning the mining of digital currencies.


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