The Ministry of Energy of the Russian Federation: there is no preferential tariff for bitcoin miners

The ministry explained that cryptocurrency mining does not relate to household needs

30.11.2021 - 13:25

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1 min

What’s new? The Ministry of Energy has stated that mining does not relate to household needs and the energy consumed during the mining of cryptocurrencies cannot be paid at the preferential tariff for the population. This is reported by the online edition Rossiyskaya Gazeta.

Information on the Rossiyskaya Gazeta website

What else did the ministry report? The regulator stressed that at the legislative level there is a division between the use of electricity for household needs and consumption for commercial activities. The tariff for entrepreneurs can be applied not only to large companies but also to individuals who profit from mining:

“The prevailing norms don’t exclude the opportunity of identifying consumption in a dwelling for commercial activities and settlements with such a consumer at prices set for enterprise entities.”

What had happened before? The governor of the Irkutsk region Igor Kobzev said that the regional authorities are ready to provide sites for mining on an industrial scale. According to him, this will reduce the load on the power grid and help separate the tariffs for miners from households ones.

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