The suburbs plans to become one of the centers of mining in Russia

In the first half of the coming year in Kashira (Moscow oblast) are planning to open the most powerful in the region mining farm. This was reported by TASS Deputy Chairman of the government, the Minister of investment and innovation region Denis Butsaev.

“We have a project in Kashira at the largest suburban farm mining. Area is available electrical power over 70 MW. Opening is planned in the first half of 2018,” said Denis Butsaev.

He refused to disclose the investor of the project and the amount of investment. The Deputy Chairman of the government of Moscow believes that the region offers favorable conditions to host mining farms. In the area of sufficient generating capacity, and the price of electricity — average for Russian regions and lower than in other countries, said Butsaev.

“Another advantage of the region’s infrastructure preparedness fields,” he concluded.

We will remind, earlier it was reported that the authorities of the Udmurt Republic are negotiating with the Chinese company to place in the region’s mining centre. Hong Kong firm Genesis Engineering plans to establish a centre for mining of cryptocurrency in the free trade area of Vladivostok.

While in Russia there is no legislative regulation of cryptocurrencies and related business. According to the instructions of the President, the government and the Central Bank needs to submit the relevant legislative proposals before 1 February 2018.

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