🇷🇺 Russia is making huge profits from Bitcoin mining!
A new report reveals that the cost of mining one Bitcoin in Russia is about 39,000.$ only, which gives miners there a huge competitive advantage.
📈 When selling Bitcoin at the current price (around $120,000), a profit of nearly 3 times the cost can be achieved.
💡 The main reason for this advantage is the low energy prices in some Russian regions, in addition to the availability of dedicated mining infrastructure.
⚠️ However, the challenge remains in how to liquidate these profits amid financial restrictions and international sanctions.
What do you think? Could Russia become a global center for Bitcoin mining in the coming years?
