Russian miners will be found on electricity bills
Russian miners will be found on electricity bills

Russian miners will be found on electricity bills

Russian miners will be found on electricity bills According to the Vedomosti newspaper, the Ministry of Communications of Russia has prepared a draft concept for mining regulation. First of all, it is necessary to identify cryptocurrency miners, and the main ways for this will be to take into account energy consumption and the structure of traffic on the Internet. The project does not limit mining. Both companies and individuals can engage in cryptocurrency mining, however, the control system that the Ministry of Communications proposes to introduce will allow us to control how much the cryptocurrency declared by the miner on the crypto exchange relates to the power of the mining equipment used by him. It is also envisaged that quotas for energy consumption and a special tariff for electricity will be introduced for miners. The proposed concept will be finalized and submitted to the Russian government before February 1. It provides for a two-year tax break for mining, during which they are required to keep accounting. When the tax break is over, legal entities will have to pay income tax, but they will be exempt from VAT. About what tax will be introduced for private miners, the draft does not say. Российских майнеров найдут по счетам за электричество (2 фото) A representative of the energy company explained that energy consumption is a fairly simple way to detect a miner, because it does not change during the day, like a plant with a continuous production cycle. Cryptocurrency miners today should be sought in areas where the cost of electricity is the lowest, but its consumption suddenly suddenly increased sharply. However, this method may not work with large miners if they are disguised by distributing power, or if they are hidden by large energy consumers. Identifying a miner by its Internet traffic is even more difficult, since it (traffic) can be encrypted. According to some experts, it would be worth taking an example from Belarus, where in accordance with the decree “On the development of the digital economy” for mining, exchanging, buying and selling cryptocurrency there are no limits and no license is required. In Belarus, mining is not included in the “entrepreneurship” category, and it will not be taxed until 2023. In a project proposed by the Ministry of Communications, it is proposed to organize a special cryptocurrency exchange where it will be possible to exchange cryptocurrency for ordinary currencies, including rubles, and the purchase of cryptocurrency will be limited, and selling it bypassing the exchange will be considered illegal and prohibited.

Add comment