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Two Russian Regions to Develop Large Scale Crypto Mining

• https://news.bitcoin.com, Lubomir Tassev

Two of the westernmost subjects of the Federation – Kaliningrad and Leningrad – are willing to welcome miners and want to get involved in "bitcoin production". Local authorities have expressed intentions to take mining out of garages and scale it up to industrial level. They are now pressing Moscow for regulations.   

Many are interested in cryptocurrencies in Kaliningrad Oblast, its governor Anton Alihanov said on the sidelines of the Russian Investment Forum in Sochi. In the future, the region may become one huge mining farm, he told RIA Novosti.

"We have a lot of people that show interest [in crypto mining]. But doing everything right is pretty complicated and you don't want to set the house on fire," Alihanov said. "That's why we have a 'mining hotel', where guys know how to set up the cooling systems, so that nothing gets burned", the official added, demonstrating technical knowledge of the subject.

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