Bitcoin Miners Exploit Low cost Siberian Power

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After China banned bitcoin earlier this yr, Russia turned the world’s second-biggest bitcoin miner nation. Its chilly local weather nurtures the proper situations for bitcoin rigs to perform at high efficiency for lengthy durations with out fancy cooling methods. However along with enterprise operations, house mining can be changing into common in Russia.

Based on a report by The Telegraph, over 14,400 households in Irkutsk, Russia, are estimated to be mining bitcoin, up from 8,000 final yr. The area advantages from the chilly climate and has the bottom vitality costs within the nation.

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