Russia will become home to one of the biggest in the world legal mining operations, located in Siberia.

Two Russian businessmen Ilya Bruman (London Metropolitan University, MBA Finance) and Alexey Paikin (Lomonosov MSU Business School, MA, Management) are building in the Irkutsk region the largest legal platform for crypto currency mining in Russia – Minery. 5 mining complexes with a total capacity of 55 megawatts and the area of 59,200 square feet will launch in Autumn of 2018 and will allow to mine legally at the lowest electricity rates in the Russian Federation.

As bitcoin popularity is rising worldwide with sites like https://bitcoinrevolution.cloud/about, mining farms, home units and massive mining operations appearing, it is likely we will see a huge influx of people using it. In Russia, with its energy resources and climate making some of the best conditions for crypto mining, this led to more than 1.5 million Russians being engaged in home mining (solo-mining). Bitcoin is increasing in popularity across the world due to websites like kryptoportal.pl making it more accessible for more people.

Of course, you don’t need to move to Russia and buy the best computer equipment for mining, you can just invest in Bitcoin using trading apps and platforms. Take a look on http://dragonsdenbitcoin.com/ to find the most reliable options that could help you capitalise on the current market. So it is important that you take as long as you need to conduct any research you feel will be essential to your journey using this specific type of cryptocurrency. During your research, you may also learn that you can buy bitcoins securely with PayPal (Bitcoins sicher mit PayPal erwerben), providing you with another way to utilize funds from bitcoin. With all of that being said, trading and mining are both legitimate options with their own pros and cons. If you do choose to mine, there are a few things you should know.

Such type of mining has yet a number of restrictions: noisy, unproductive, fire-hazardous, requires constant attention, time and maintenance costs. What’s more important, it is not always legal. The bigger farms are often located in abandoned factories and buildings and depend on electricity from subsidised sources, which is prohibited and leads to Russian authorities shutting them down. In June 2018, when Russia adopts the law on the regulation of the crypto currency, the majority of such businesses will become illegal.