Demand for mining hardware spikes in Russia, prices increase-mining Bitcoin messages

The market for crypto mining equipment in Russia has a strong interest of buyers of both new and used devices, retail data. This year, the demand for application -specific integrated circuits (ASIC) has exposed itself exponentially, while video cards were scarce, which led to increasing prices.

crypto miner in Russia who want to increase computing power

Online retailers have increasing demand for mining machines, brand new and used, the Russian business newspaper reported. Looking for devices for mining from bitcoin ( btc ), or asics , on the Russian small advertisement side avito.ru rose by 14 times the offer.

The price of a mining unit was an average of 117,900 rubles (almost $ 1,600). The most sought-after products were Whatsminer-Ming-Rigs from the Chinese manufacturer Mikrobt around 23 times. At the same time, the search for Antminern, which was built by the company based in Beijing, bitmain were 11 times higher than in the previous year.

Results from the first three quarters of the current year show that the sales of crypto mining products on the e-commerce platform Ozon.ru have also increased 13 times the number of pieces and 14 times the year.

The newspaper points out that after the capital Moscow and Russia's second largest city of Saint Petersburg, the Krasnodar region, the Republic of Tatarstan and the Oblast Swerdlovsk were the main destinations for most orders. Even though these regions do not even offer the lowest electricity tariffs in the country.

Graphics processors ( gpus ), used for the embossing of Ethereum ( eth ) and other old coins, were scarce due to the global deficit of microchips, which also drove the prices up. In the first 10 months of 2021, GPU sales decreased by 15.8 % compared to the previous year, although, according to Anton Fomin, a business analyst at Marvel distribution, the market has grown by 129.6 %. The report states:

Suppliers and retailers were forced to increase the prices for devices, but people are ready to buy at almost any price.

Fomin believes that the difficult situation will stop on the video card market as long as crypto farms bring good income. The deficit will probably not disappear by the end of 2023, but the default of delivery will definitely be shortened from 48-50 weeks to 10-14 weeks, quotes the expert.

With the government in China this has been tough Energy-rich Russia has developed into one of several important goals for Bitcoin-Miner who are looking for friendlier jurisdiction. Data published by the Financial Times in November that the Russian föderation Mountain construction machines received that were driven out of the People's Republic in the middle of the migration of the miners.

Do you believe that the demand for mining equipment in Russia will continue to increase? Let us know in the comment area below.

lubomir Taskensev

lubomir Taskersev is a technically experienced journalist from Eastern Europe, who likes Hitchens' 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.

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