Industrial Mining: A Strategic Focus for International Cooperation
The mining market in Russia today consumes 2.5 GW of electrical power (industrial-scale mining makes up over 1.8 GW of that amount) and accounts for more than 13% of total power consumption, which makes Russia the second largest Bitcoin mining country in the world. This is facilitated by Russia’s comparative advantages, such as a wealth of energy resources, cold climate, and highly skilled workforce. Technological sovereignty is an important condition for Russia’s prosperity. The industry already has the infrastructure needed to implement artificial intelligence projects as well as the Data Economy national project. Federal laws are currently being drafted to allow the use of digital currencies in international payments, which would make Russia independent of monetary settlement systems such as SWIFT. What are the mechanisms for using digital currency mined in Russia? Is the global crypto industry a driver of innovation or a disruptive force? What beneficial effects does the production of digital currencies have on the Russian economy and population? What role do data centres for mining play in the Data Economy and Digital Transformation of the State national project?
Moderator
Anna Zabroda,
Anchor, RBC
Panellists
Sergey Bezdelov,
Director, Industrial Mining Association
Stanislav Georgievskiy,
Vice President, Russian Export Center
Igor Runets,
Founder, General Director, BitRiver
Valery Seleznev,
First Deputy Chairman of the Committee on Energy of the State Duma of the Federal Assembly of the Russian Federation
Timofey Semenov,
General Director, Intelion Mine
Anton Tkachev,
First Deputy Chairman of the Committee of the State Duma of the Federal Assembly of the Russian Federation on Informational Policy, Information Technology, and Communications
Ivan Chebeskov,
Deputy Minister of Finance of the Russian Federation