Why does Russia mine during winter (why did Russia stop digging after digging 13000 meters underground)

Why does Russia mine in winter? Why does Russia mine in winter? In order to cope with the severe market situation, the local Cryptocurrency company must take measures to reduce power consumption. According to data center analysis by the Russian Ministry of Industry and Mining (Rosminer), many mines have closed or ceased operations due to cold weather and the arrival of high water periods. These situations have led to a decline in electricity demand – the country is in the “most suitable” month to mine Bitcoin and other digital assets

From December 2018 to the end of 2019, the Russian government began to implement new measures to crack down on the Cryptocurrency industry. This work is called Economy of Russia’s Economic Outlook 2020, which aims to solve the problem of energy shortage by establishing a nationally supported distributed accounting system. The project also received support from the Ministry of Finance: it is expected that Russia will have approximately 100 megawatts of power plants by the beginning of 2022. In addition, it will conduct large-scale technological experiments to improve productivity and expand its scale

It is reported that at the beginning of September this year, the Central Bank of Russia announced that it has cooperated with the blockchain platform Sbercoin to create a new development framework of decentralized financial ecosystem based on blockchain technology. (Bitcoin. com)

Why did Russia stop digging after 13000 meters underground

In an interview, Anatoly Aksakov, chairman of the financial market committee of the State Duma of Russia, said that mining was prohibited because they knew that there were a lot of waste and garbage in groundwater. He also stressed the strict supervision of Cryptocurrency, and has asked all companies to stop digging He added, “I didn’t say that this ban is to prevent us from continuing to excavate in underground areas.” He said, “But in reality, these works are legal.” However, Aksakov believes that “this issue needs to be addressed,” and points out that although the Russian government is working to control the country’s mining industry, it is not a very safe and transparent technical system, so such measures will not be taken. Now, we are starting to study this issue. If this is the case, we will not be able to establish our own infrastructure, or we will not be able to utilize our technology anywhere because they are very dangerous – especially when you use electricity, “he said in his speech. (Bitcoinist)