{"id":57003,"date":"2022-02-02T11:35:58","date_gmt":"2022-02-02T09:35:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=57003"},"modified":"2025-09-04T09:21:03","modified_gmt":"2025-09-04T06:21:03","slug":"demand-for-mining-equipment-in-russia-falls-after-central-bank-report","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/demand-for-mining-equipment-in-russia-falls-after-central-bank-report\/","title":{"rendered":"Demand for mining equipment in Russia falls after central bank report"},"content":{"rendered":"

In January, sellers of mining equipment in Russia reported a drop in demand from buyers, linking it to the central bank’s latest report proposing a ban on cryptocurrencies in the country. This, reports<\/a> RBC, citing a representative of one of the Russian marketplaces.<\/p>\n

Meanwhile, the number of listings for mining equipment for sale rose, according to a staff member at one of the major online classifieds services.<\/p>\n

According to the statistics available to the sources, the number of announcements for selling ASIC miners increased by 17%, while they were searched 27% less often. After the Bank of Russia’s report, demand fell by 18% compared with the week prior. The average price for this item was 241,830 rubles.<\/p>\n

A representative of the VKontakte Ads and Youla press service said that in January they recorded an increase in announcements related to the sale of mining equipment. The indicator rose by 3% compared with December 2021 and doubled compared with January 2020.<\/p>\n

The number of announcements for selling mining farms rose by 18%, and demand for them fell by 9% compared with December last year, and a week after the report \u2014 by 15% compared with the previous. The average price of a mining farm was 555,450 rubles.<\/p>\n

The number of announcements for sale of ASIC Antminer mining farms for the month did not change, but for the year rose 80%.<\/p>\n

A representative of Ozon said that in January sales of mining-related goods on their platform rose 51% compared with the previous month. Wallets were the most popular (+48%), while sales of ASIC miners rose by 5%.<\/p>\n

Major mining companies did not notice significant changes in supply and demand on the market. Roman Zabuga, a partner of the international data-centre operator for cryptocurrency mining, BWC UG, told ForkLog that the cited statistics likely pertain only to home miners.<\/p>\n

Maxim Gureev, head of sales at BitCluster, pointed to a slight decrease in demand for equipment in January, but attributed this to a different cause.<\/p>\n

\n

“This may be linked not to the Bank of Russia’s report, but rather to the falling Bitcoin price, as everyone expects price reductions for the devices,” he told ForkLog.<\/p>\n<\/blockquote>\n

Earlier, on 20 January, the Bank of Russia proposed ban on the issuance and circulation of cryptocurrencies<\/a> in the country. Among risks related to mining<\/a>, the regulator highlighted the heavy load on power grids, environmental harm, and the formation of “demand for infrastructure to carry out cryptocurrency operations”.<\/p>\n

ForkLog’s experts described the Bank of Russia’s arguments in favor of banning mining on Russian territory untenable<\/a> and doubted the technical feasibility of such a ban.<\/p>\n

At the end of January, the government approved a roadmap for regulating the crypto market<\/a> through the end of 2022. On 1 February, Deputy Prime Minister Dmitry Chernyshenko instructed to include in the document questions related to the legal status of mining<\/a>.<\/p>\n

Last year retailers observed a significant rise in Russian interest<\/a> in mining equipment. According to Avito, in 2021 demand for these devices grew 14-fold, and supply 13-fold. On Ozon, during the nine months of 2021, unit sales of cryptocurrency mining goods increased 13-fold.<\/p>\n

Read ForkLog’s bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

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