What comes to mind when you think of Russia? Siberian forests, fur coats, and drinking vodka like it’s water? Soon, you might be adding cryptocurrency mining to the list.
We look at cryptocurrency mining in Russia and whether it will prove to be the promised land due to the country’s cold weather and abundance of cheap energy that can provide natural cooling solutions for machinery.
Some of the most interesting elements of a new technology and, in the case of blockchain, an entire new industry, is the commercial offshoots that materialize as a result.
Cryptocurrency’s early days brought with it the concept and rather lucrative practice of mining. Mining for coins is very different from mining for gold. One requires you to dig deep and get dirty. The other asks…