Russian power giant Roscetti accepts bitcoin mining to monetize excessive capacity

Rosseti Group -The major Russian electric grid operator has announced his interest in becoming an operator to host mining infrastructure.

The company told Tass that the initiative focuses on the use of the lower load power center, improving the use of capacity, and promoting economic growth.

Rosseti targets encryption mining to use idol power

According to the report, the location of the mining facilities can be adjusted by the position of Rosetti as the largest grid company in Japan. The company also stated that he was eager to connect to a power consumer to a power supply center with low use.

The main purpose behind this approach is to optimize unused abilities, strengthen tariff income, and stimulate local economic growth through an increase in tax contributions.

Currently, there is a discussion on strategies for Rosseti to participate in mining and to increase demand in unused centers. The company is considering introducing a specialized tariff system to manage demand. In addition, it boasts advanced infrastructure. This includes switching devices and systems that can control mining -related loads to maintain energy reliability throughout the region.

Rosseti’s latest initiative is a more broad strategy of modernizing electric grids and adapting its business to emerging industries.

KOMMERSANT previously wrote a letter to Mikhail Misshustin, the head of Rosseti Group, and wrote that Rosseti is seeking permission to adjust the arrangement of the mineral center.

Russian Bitcoin Mining Eco System

President Vladimir Putin approved the law to establish a cryptocurrency mining regulatory monitoring last August. According to the law, only officially registered companies and individual entrepreneurs are allowed to carry out large -scale mining projects in Russia.

However, due to increased energy consumption, the Russian government has extended the winter ban on local cryptocurrency mining to six years. Initially, the prohibition of the introduction as a suspension of the season will take place between January 1, 2025 and March 15, 2031. The affected areas include Dagestan, Ingshetia, Cavaldino Balkaria, Chechen, etc., with additional restrictions in Irksuku and Brillacia. Zabaikalsky KRAI during the peak energy period.

The cryptographic mining is nervous about Russian energy infrastructure, consuming about 16 billion kilowatts per year, accounting for 1.5 % of national energy use. As a result, the government has been balancing consumption and developing initiatives to deal with power payment gaps between regions. Highly used in the mining area is combined with the harsh climate, creating issues in energy distribution.

In particular, Russia has recently introduced a forced registration to legalize encryption mining and monitor minor activities.