{"id":80307,"date":"2023-06-16T09:32:55","date_gmt":"2023-06-16T06:32:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80307"},"modified":"2025-09-11T16:13:48","modified_gmt":"2025-09-11T13:13:48","slug":"russian-miners-profits-estimated-at-about-100-billion-rubles-a-year","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/russian-miners-profits-estimated-at-about-100-billion-rubles-a-year\/","title":{"rendered":"Russian miners\u2019 profits estimated at about 100 billion rubles a year"},"content":{"rendered":"<p>Russian miners generate cryptocurrencies worth about $4 billion a year (more than 335 billion rubles), and profits around 100 billion rubles. <a href=\"https:\/\/www.forbes.ru\/finansy\/491011-minfin-ocenil-pribyl-rossijskih-majnerov-v-100-mlrd-rublej?utm_source=forbes&#038;utm_campaign=lnews\">Forbes<\/a> reports, citing calculations by the Russian Ministry of Finance.<\/p>\n<p>The ministry estimates that under current conditions budget revenues from taxing the sector could amount to about 20 billion rubles.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf the proper prerequisites for the development of the industry are created, its growth could be multiplicative, and, accordingly, tax contributions would rise,\u201d said Ivan Chebeskov, director of the Ministry of Finance\u2019s Department of Financial Policy.<\/p>\n<\/blockquote>\n<p>According to <a href=\"https:\/\/www.rbc.ru\/crypto\/news\/648b1ee09a7947a997d5c418?from=newsfeed\">\u0441\u043b\u043e\u0432\u0430\u043c<\/a>, Anatoly Aksakov, the head of the State Duma committee on financial markets, said that mining in Russia could be legalized as early as next year.<\/p>\n<p>According to <a href=\"https:\/\/u1f987.com\/en\/news\/bitriver-russia-rises-to-second-place-in-cryptocurrency-mining\">\u043f\u043e\u0434\u0441\u0447\u0435\u0442\u0430\u043c<\/a> the BitRiver data-centre operator, by the results of the first quarter of 2023 Russia for the first time ranked second in the world by the volume of capacities deployed for mining \u2014 1 GW.<\/p>\n<p>As reported, the bill regulating the industry has been registered in the State Duma of the Russian Federation <a href=\"https:\/\/u1f987.com\/en\/news\/in-russia-lawmakers-propose-banning-cryptocurrency-circulation-and-requiring-tax-reporting-by-miners\">\u0441 \u0441\u0435\u0440\u0435\u0434\u0438\u043d\u044b \u043d\u043e\u044f\u0431\u0440\u044f 2022 \u0433\u043e\u0434\u0430<\/a>. It obliges individuals and legal entities to report to the tax authorities about mined cryptocurrencies, indicating the address to which they are credited.<\/p>\n<p>The document also imposes a ban on advertising digital currencies or offering them in any form to an unlimited circle of persons.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russian miners mine cryptocurrencies worth about $4 billion a year, with profits around 100 billion rubles, according to the Ministry of Finance.<\/p>\n","protected":false},"author":1,"featured_media":80308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1138,27,558],"class_list":["post-80307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-opinions","tag-russia","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80307"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80307\/revisions"}],"predecessor-version":[{"id":80309,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80307\/revisions\/80309"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80308"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}