The income of Russian miners reaches 100 billion rubles.

Miners in Russia mine digital coins about $4 billion a year. This is about 335 billion rubles. At the same time, the profit is about 100 billion rubles. These calculations were provided by the Ministry of Finance.

What else has the Ministry of Finance calculated

The Ministry of Finance believes that if such conditions are maintained, the budget will receive about 20 billion rubles in taxes. The head of the department said that with the formation of the necessary prerequisites to develop the cryptocurrency industry, their multiple growth will occur. Consequently, the amount of tax revenues to the budget will also increase.

The head of the State Duma committee, Anatoly Aksakov, said that already in 2024, the mining of cryptocurrencies in the country will be legalized with a high degree of probability. 

BitRiver calculated that in the first quarter of this year, Russia took the second place in terms of the capacities that are used in mining. The indicator reached 1 GW.

It should be noted that the bill that regulates this area was approved in November last year. It specifies the requirement to provide mining reports, indicating the accrual address. This should be done by both individuals and legal entities. The document also contains a ban on advertising cryptocurrencies or offering them in another form.

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