Mining in Russia in 2023. Main trends

Although the law, which could regulate mining and the sphere of cryptocurrencies in Russia has not yet been adopted, many experts point out that it is the issues of legalization that will be of key importance.

Experts from Intelion Data Systems shared their vision of the main trends in the cryptocurrency mining industry this year.

They believe that a law regulating mining will be passed in the short term. Despite the controversy, the project is in the finalization stage. When the rules of the game become transparent, there will be new big investors in the market, as well as companies that will be able to expand the existing infrastructure. It will give a noticeable boost to the development of the industry.

Another aspect that could have an impact on the development of the industry could be the redistribution of power. As a result of the onset of the crypto-winter, weak companies were forced to cease operations or were bought out by stronger competitors. The vacated positions may become a convenient entry point for new players.

Also among the clear trends is mining with high-power equipment (over 110Th /s) and energy efficiency. It is also important to be able to pay for electricity from other resources rather than from coins received.

One of the most important aspects was said to be the low cost of BTC. It is because more assets can be obtained before the onset of halving than in 2024-2026.