Last month crypto mining service provider CryptoUniverse launched what it claims to be Russia’s biggest data center for cryptocurrency mining.
Located in the industrial park Levoberezhnyi at Kyryshy, a town in the the Leningrad (St. Petersburg) region, the facility occupies 4,000 sq. m. and hosts 3,000 machines to mine Bitcoins and Litecoins.
“We are offering all the necessary infrastructure to mine cryptocurrencies, namely the equipment, support, and data security,” the company told RBC. A variety of tariff plans is available, from $79 to $159 per TH/S (terahash per second), according to the company’s website
The facility has currently a capacity of 20 megawatts, with a potential to expand it to 60 megawatts, the company claims.
The Vice-Governor of the Leningrad (St. Petersburg) region, Dmitry Yalov, participated in the opening ceremony in late August.
“The region features favorable conditions or the creation of mining farms. There is enough [power production] capacity in the region, so electricity prices are relatively low. Among the other undeniable advantages of the region are the availability of engineering sites and qualified personnel,” the media quoted the Vice-Governor as saying.
Some 500 million rubles (nearly $8 million at the current exchange rate) have been invested in the facility. CryptoUniverse expects to open two other similar centers in Russia.
Market experts interviewed by RBC believe that mining in Russia is still a profitable activity, in spite of the recent fall of the cryptocurrency markets. Meanwhile, the number of ads selling mining equipment has grown by 62% since January 2018 on Avito, Russia’s largest classifieds site, notes RBC.
Sources: RBC, Cryptonomist
