The Russian group En+, a new giant in the mining of cryptomoney has just been created

 

Bitcoin mining, a new Eldorado for the Russian energy giant

In addition to the large corporations and institutions that buy Bitcoins (BTC) already produced, some large energy companies are also interested in the king of cryptos, via mining. Today, it is the En+ group that is doing it.

A new source of green energy to produce bitcoins

Based in Moscow, the En+ Group is a giant in the aluminum and hydroelectricity sectors. It is also listed on the London Stock Exchange. En+ has a total energy production capacity of nearly 20 gigawatt-hours worldwide.

It is this giant that has just announced a joint venture with BitRiver, a major provider of accommodation for bitcoin miners in Russia.

"We are delighted to make available our extensive expertise in the sustainable operation of cryptomoney. "Igor Runets, founder and CEO of BitRiver.

According to crypto-media Cointelegraph, the new entity, called "Bit+," is intended to create bitcoin mining facilities with a low carbon footprint.

Already a first production of 2.2 bitcoins per 24 hours.

The two partner companies also report that a first installation is already operational within Bit+, with a capacity of 10 megawatt hours.

According to The Block's estimates, with the latest generation of ASICs such as Bitmain's AntMiner S19 Pro, this installation would have a computing power (hash) of 250 petahashes per second (PH/s).

With the difficulty of mining on Bitcoin, which has recently dropped significantly, this power would be equivalent to a production of about 2.2 BTCs per day, which represents a production value of more than one million dollars per month at the current rate.

Russia's Irkutsk Dam region has been an ideal choice for both companies, especially but not only for its electricity from this large hydroelectric dam:

"Our energy facilities in the Irkutsk region produce low-carbon, low-cost electricity from renewable sources (...) In addition, the low average annual temperature reduces the energy required by data centers (for mining), making them more efficient and further minimizing their carbon footprint.

Bit+ plans to expand this first facility in the coming months, quadrupling it to a potential 40 megawatt hours.

This means that a new giant in the field of cryptomoney mining has just seen the light of day in Russia. So far, the main bitcoin mining farms are mainly located in China, but this new major competitor could well help to challenge this undivided domination.