Miners are encouraged & Invited to Relocate to Leningrad

Crypto Mining encouraged & Invited to Relocate to Leningrad

At the third annual forum for Leningrad’s small and medium-sized businesses (SMEs) called “Energy of Opportunities” which took place last week, he proposed that the first Leningrad Nuclear Power Plant (LNPP) could be used to set up cryptocurrency mining farms. The Russian Leningrad region wants to create an industrial park for cryptocurrency mining including bitcoin. Leningrad’s governor is inviting miners to the Sosnovy Bor area near St. Petersburg to create industrial-scale mining farms at the old Leningrad nuclear power plant.

Progression of the concept – for encouraging crptocurrency mining

The governor of the Russian Leningrad region Alexander Drozdenko is pleased to announce as he is encouraging & inviting cryptocurrency professional miners to set up mining farms in Leningrad, according to local publications. The event was attended by 600 entrepreneurs and federal agency representatives. Governor Drozdenko noticed that “for the production of bitcoins first of all huge areas for processing and cheap electric power are required.” The authority has already been in discussion with Alexey Likhachev, Director General of Rosatom State Atomic Energy Corporation. At other node Rosatom heads about how “the liberated infrastructure facility of Leningrad NPP can be used as a technopark designed for cheap energy,”. He also said it could be Headquartered in Moscow ,  the Rosatom is the regulatory body of the Russian nuclear complex. Which effectively regulates all nuclear assets of the Russian Federation – both civilian and military. Moreover, First Deputy Prime Minister Igor Shuvalov recently announced that the government is discussing the origin of state-owned cryptocurrency mining centers. As you know, the construction of LNPP-2 is being completed in Sosnovy Bor, and large areas of the first nuclear power plant are being liberated. Drozdenko explained & told, adding that this site may be of interest to cryptocurrency miners. Media Highlighted that The Leningrad region is bordered by Finland in the northwest and Estonia and St. Petersburg in the west. The region’s first LNPP, which was considered & commissioned in 1974. It is located in the town of Sosnovy Bor. Currently, the second nuclear power plant (LNPP-2) is being developed next to it. In addition, the governor said that with the support of SMEs, Leningrad can initiate as pioneer the creation of cryptocurrency mining farms in Russia. Earlier this month, media reported on a project to subsidize electricity costs to cryptocurrency professional miners. At the beginning initiated by the Institute for Internet Development (IRI) and the Russian Association of Blockchain and Cryptocurrency (RABIK). However, the location of this project has not been disclosed but soon news are expected. The Kaliningrad region has the ample increase in cryptocurrency mining. Meanwhile, there are other regions in Russia has also been putting their best to attract cryptocurrency miners.