Published On: Tue, Aug 29th, 2017

Russian Power Companies Look to Sell Excess Energy to Bitcoin Miners

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Bitcoin miners in Russia are in for a break as power companies are looking to sell their excess energy off at a substantial discount.
One of the more interesting regions in cryptocurrency today is Russia. There have been some ups and downs over the last few years. Russia had banned Bitcoin but reversed that policy in late 2016. Burger King Russia is now taking Bitcoin as payment and is even issuing its own digital currency.
Now Russian Bitcoin miners are getting some good news as it’s being reported that power companies in that region are looking to sell their extra energy to them at a pretty good discount.
Russia’s Power Companies Looks To Bitcoin Miners
The Vedomosti daily newspaper broke the news that companies owning power plants in Russia are looking to make deals with Bitcoin miners. The biggest energy company, EuroSibEnergo, has apparently been contacted by dozens of miners looking to take advantage of this opportunity.

EuroSibEnergo manages 18 power plants and produces 9% of all the electricity in Russia. It also has a 41% energy market share in Siberia. A company spokesman has said,
There are over 70 manufacturing facilities with ready-made infrastructure, including quick access to electrical grids …

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