In view of the high energy requirement of the miners, Russia is considering the construction of new power plants in Siberia-Mining Bitcoin news

The growing power consumption in the crypto mining sector could require the construction of new electricity generation plants in Siberia, the Russian Minister of Energy has granted. Demand continues to increase in residential areas after the regional authorities have given up a proposal for the introduction of higher tariffs for Russians that shape digital coins in their houses.

authorities in Russia think of new energy infrastructure, generation capacities in crypto mining regions

The Russian Minister of Energy Nikolay Shulginov has recognized the increased demand for electricity of cryptocurrency miners in some parts of Siberia in which the industry is expanding. Additional generation capacities could be necessary to meet your needs, he said, quoted by local media and crypto news agencies.

Shulginov did not name concrete plans, but made it clear that the Russian authorities in these regions consider the further development of the energy networks used by mining companies and the construction of further power plants. The networks in the Republic of Chakassien and in the Irkutsk Oblast are currently the most stressed, Bits.Media.

"The position of the Ministry of Energy always was based on the need to create working conditions for mining," emphasized the government official. He also found that the power consumption of the population has also increased, which sometimes led to damage to the distribution networks.

"Industrial mining is also growing, mainly in regions with low tariffs. In these regions we see considerable consumer growth that we have to take into account," commented Shulginov in an interview with the television station Russia-24 and stated:

Without the generation building, it will most likely not be possible [Capacities] in the southeastern part of the uniform energy system in Siberia.

The energy-rich Irkutsk retains low electricity tariffs for crypto miners at

The crypto mining has expanded in Russia, a country with plenty of inexpensive energy resources and a cool climate, both as a profitable business activity and as an additional source of income for many ordinary Russians that shape in cellars and garages. According to a study published in October, Bitcoin mining income in Russia growth 18 times in four years in front of markets and sanctions beat it this year.

The mining at home was for breakdowns and power outages in places such as irkutsk , called the mining capital of Russia. A proposal for the introduction of differentiated tariffs, which increases the energy costs for amateur mountain people to limit consumption, was supported by the Energy Ministry, but finally rejected by the local authorities with the exception of the Kemerowo region.

At the beginning of December Deputy Minister of Energy Pavel Snikkars could double the total electricity consumption in Russia in 2022. His department and the Bank of Russia supports a law on regulation of the Cryptocurrency mining, but the legislator postponed The approval for 2023.

Do you think the Russian government will take steps to ensure the energy supply for cryptocurrency school? Tell us in the comment area below.

lubomir Tassew

lubomir Taskensev is a journalist from the technically experienced Eastern Europe, to the Hitchen's quote: "To be a writer is what I am and not what I do." In addition to crypto, blockchain and fintech, international politics and business are two other sources of inspiration.

Bedy verification : Shutterstock, Pixabay, Wikicommons