The Russians acquired the plant for the mining of cryptocurrencies

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Photo: Eugene biyatov / RIA Novosti

The businessman bought two thermal power plants in the Perm region and Udmurt Republic to create a data center and mining of cryptocurrencies. On Friday, January 12, reports “Kommersant”.

“In the future there is an idea to develop a data center: it’s not just mining. In addition, there is the “Spring law” that information needs to be stored in Russia and the data center is a normal server room,” — said the investor of the project Alexey Kolesnik. The option with the cryptocurrency is also considered, but after the adoption of a legal framework, he added.

From 1 July 2018 anti-terrorist “package of Spring” will oblige Internet companies to store information about the facts of reception and transmission of data for at least one year, and operators three years. “The data centers (data centers) are major consumers of electricity, and its cost in the cost of the data center reaches 50 percent (which is higher than in the aluminium industry)”, — notes the edition.

The efficiency of these two plants is very low, experts say. But the requirements of the legislation and low electricity prices are creating opportunities for the development of data centers in Russia, they say.

The Russian Ministry of Finance is only beginning to develop measures for regulation of cryptocurrency in February, intends to submit a bill to the state Duma. The Central Bank did not support the initiative of the Finance Department with the permission of the trade digital money exchanges. The President of Russia Vladimir Putin supports the conservatism of the Central Bank regarding the regulation of cryptocurrencies. They are unsecured and may not be an instrument of accumulation, the head of the state.

Video, photo All from Russia.

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