Finally, the laws are getting on the side of mining. This is evidenced by the Ministry of Energy, which has taken the initiative on the use of excess electricity from nuclear power plants by the owners of miners. And this should be popularized to the residents of Ukraine for mining cryptocurrencies. Oles Slobodeniuk, who is the head of “SpetsHash” – personally stated this. In his opinion, we should get the opportunity to mine cryptocurrency from the state by consuming excess electricity. And this opportunity should be available to every owner of Asic miner, not only to the company-investor.
Slobodeniuk also believes that this project can not only solve the issue of excess electricity, but also help to develop the industry of bitcoin mining.
As we know, Asic miners can be placed centrally and decentralized. Let’s break it down. Centralized placement implies special large sites. And decentralized can exist within its premises. However, a prerequisite for decentralization is the observance of certain standards that apply to a possible bill. This may include clauses on compliance with fire safety and noise insulation, not exceeding 45 – 55dB.
He also noted that every Asic miner owner interested in this initiative can join the Miner Association by joining together.
A huge plus of this bill is that older models from Bitmain such as S9 – with low electricity have the possibility of profitable cryptocurrency mining. It follows that lowering prices for miners leads to profitable operation of both old Asic and modern 2020 miners – such as: the M30 whatsminer, m20 whatsminer, or Antminer S9.
The Ministry of Energy intends to present this initiative in the near future.
Earlier it was stated by experts that the Ukrainian authorities are incompetent on the topic of cryptocurrency mining, because of which the mining market could not function and develop freely. Therefore, there are opinions that the use of nuclear power plants for cryptocurrency mining as an initiative is doomed to failure.
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