Analysts named the best regions in Russia for mining

The rating agency ACRA has presented a list on its official website of regions in Russia that are most favorable for cryptocurrency mining.

Among these regions are Khakassia, the Republic of Dagestan, and Irkutsk Oblast. These areas are particularly attractive for individual miners due to the previously established electricity consumption limit of 6,000 kWh, which does not require registration in the Federal Tax Service register. 

Experts have determined that in Irkutsk Oblast, Dagestan, and Khakassia, the electricity consumption limit costs between 9,000 and 16,000 rubles per month. In Kalmykia and Tuva, similar energy volumes cost 3 to 5 times more — up to 47,000 rubles. 

"This difference is explained by the fact that in Irkutsk Oblast and Khakassia, electricity consumption of 6,000 kWh still falls within the first bracket and is charged at a preferential rate, while in Kalmykia and Tuva, this volume exceeds the second bracket and is billed at a commercial rate," explained ACRA specialists. 

According to the agency's estimates, the electricity consumption of a single ASIC miner varies from 1 to 5.5 kWh depending on the model. Using an average value of 3 kWh, the consumption of one unit would be 72 kWh per day, totaling 2,160 kWh per month. In regions such as Kalmykia, as well as Kaliningrad, Ivanovo, Kursk, and Voronezh Oblasts, the aforementioned consumption will also be charged at a higher tariff. 

Previously, media reports indicated that the cabinet of ministers has identified a list of regions where cryptocurrency mining may be prohibited starting December 1st.