The past halving of bitcoin has not weakened the interest in its production among Russian investors. 38% of Intelion Data Systems survey participants started investing in the direction shortly before this event, Kommersant writes.
According to an equipment supplier affiliated with the Association of Industrial Miners, 14% of respondents sent capital to develop this activity back in 2022, "when the cryptocurrency market became more accessible to the masses."
9% did it during the rise in 2017 and only 2% have been mining for more than ten years.
400 people took part in the survey conducted in June.
The publication noted the willingness of respondents to invest "thousands and millions of dollars", despite the increase in the cost of mining the first cryptocurrency and the prospect of further reduction in profitability in the event of the adoption of relevant laws.
According to Tehnobit CEO Alexander Peresichan, the average cost of mining 1 BTC in the world is $40,000.
Earlier, BitRiver estimated the cost of bitcoin mining in Russia after halving at $ 24,000, Kommersant recalled.
According to Dmitry Tuchinsky, CEO of Mining Group, the barrier to market penetration is small — "you can start with one asic [integrated circuit used in cryptocurrency mining]."
According to profile sites, minimum prices start at $600, but reach several thousand dollars. Electricity costs should also be taken into account, including cooling of devices, rental of premises and maintenance of equipment.
For this reason, 21% of Intelion Data Systems respondents are waiting for the right moment to start investing, and 11% of respondents do not plan to start mining, "considering this process too complicated."
Recall that in June, the legal department of the State Duma of the Russian Federation recommended finalizing the current draft law regulating the mining of cryptocurrencies. The current version of the document was submitted to the lower house of the Federal Assembly at the end of April.
According to its provisions, Russian legal entities and individual entrepreneurs included in the relevant register will be able to engage in cryptocurrency mining. Individuals will be allowed to mine cryptocurrencies, subject to compliance with government-set limits on energy consumption.
The bill obliges miners to report to the tax service on mined cryptocurrencies with an indication of the transfer address, and also gives the government the right to prohibit the mining of cryptocurrencies in certain regions.