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Russia considers using oil field by-products for ‘hybrid modules’ of Bitcoin mining
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The exodus of Bitcoin miners from Chinese mining hotbeds has left a vacuum that many global players are scrambling to fill. It was recently noted that most of the lost hash power has been restored, thanks to renewed operations in North America.
However, other miners are looking to shift base to regions closer to China, such as Kazakhstan and Russia. Moreover, Russia seems to be all in for it, as the government is considering a Bitcoin mining project that would use associated petroleum gas.
Local news outlet, Kommersant reported earlier today, that the Russian deputy minister of Industry and Trade, Vasiliy Shpak, had filed a proposal with the Russian central bank and the Ministry of Digital Development. It was filed last month to use
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