Expert Explains Why Russia Remains an Attractive Country for Mining

Cryptocurrency mining profitability is determined by electricity tariffs

Restrictions on cryptocurrency mining, as well as rising electricity tariffs in some regions of Russia, have not affected the profitability of this activity. This opinion was expressed by experts.

Ilya Dolmatov, Director of the Institute for Economics and Regulation of Infrastructure Industries at the Higher School of Economics, stated that nothing has fundamentally changed for miners. In 2025, electricity tariffs increased by an average of 10-15%, but this did not stop the extraction of digital assets. Russia is among the countries with the lowest electricity tariffs, he explained.

In the medium and long term, taking into account all plans for the introduction of new capacities, we may gradually lose this advantage.
Ilya Dolmatov, expert

AKRA expert Evgenia Trautman said that the profitability of mining depends on the exchange rate of the mined cryptocurrency and the cost of energy consumption. Currently, in Russia, you can engage in mining without being included in the "Mining Register" from the Federal Tax Service, if no more than 6 thousand kWh of energy is consumed per month.

At the same time, 13 regions have introduced a complete ban or restrictions on this activity. They also apply to Dagestan, Ingushetia, Chechnya, and North Ossetia.

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