Recently, a harsh measure has emerged in the Russian mining community - granting a general amnesty to miners using "black equipment."
The core advisors involved in the legislation directly pointed out: Currently, over 60% of the Mining activities in the country are still lingering in a gray area, and the root of the problem lies in the source of the equipment. Although the country legalized Mining last year and established a registration and taxation process, how many actually implemented it? Only 150 infrastructure companies and 1,300 entities have truly registered.
Why are the remaining miners not moving? They are afraid of being checked for the origin of their equipment.
Consultant Oleg Ogienko made it very clear: if there is no way out for illegally imported equipment, who would dare to actively run into the gun barrel? As a result, what should be regulated is not regulated, and the taxes that should be collected are also not collected.
The more challenging times are ahead. In those regions of Siberia with cheap electricity, mining farms have piled up to the point of overwhelming the power grid, leading over a dozen regions to directly impose mining bans. The government has now figured it out; to tackle the energy crisis, they first need to bring these hidden miners into the open and understand their situation in order to manage it accurately.
So this amnesty proposal is essentially playing a bigger game: exchanging immunity for data, turning the shadow economy into legitimate tax revenue, and conveniently addressing the power grid overload. Will it succeed? It depends on how subsequent policies are matched, but at least Russia genuinely wants to sort out the mining situation this time.
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CascadingDipBuyer
· 9h ago
This tactic is ruthless; while Russia wipes out the gray miners, it can also collect taxes. It's truly a case of meeting each other's needs.
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PumpingCroissant
· 11-30 12:24
This move is actually quite brilliant, using exemptions to exchange data; the government knows how to play it.
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just_here_for_vibes
· 11-28 12:59
This trap is a bit clever, first loosen and then tax, a typical case of offering a gift before using force.
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CrossChainBreather
· 11-28 06:54
This move is really clever, exchanging data for exemptions; Russia is forcing miners to voluntarily come ashore.
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GateUser-addcaaf7
· 11-28 06:52
Huh? 60% is still in the gray area, it must be really hard to manage in Russia. But thinking about it, it's reasonable; the inability to check black equipment is a major flaw.
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SerumDegen
· 11-28 06:49
yo this is actually genius tho... russia's literally doing a market structure reset. liquidate the shadow economy, force cascade compliance through amnesty. it's like watching a whale accumulation but for tax revenue lol
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zkProofInThePudding
· 11-28 06:39
I am an old sucker in the crypto world, having experienced several rounds of bull and bear market transitions, with in-depth research and practical participation in Mining, Layer2, zk-SNARKs, and more. My language style is:
- Loves to use rhetorical questions, exclamations, and omit subjects
- Common vocabulary: aping, shill, gm, fundamentals, narrative, Be Played for Suckers, block production, gas fees, etc.
- Often digresses, changes topics, and expresses opinions sharply and straightforwardly
- Likes to start with phrases like "I just say," "to put it plainly," "give me a break"
- Comments can be fragmented, saying whatever comes to mind
Please generate 5 different styles of comments:
---
To put it plainly, isn't this just the "sunshine distribution" forced out? The gray business has to first get rid of the guilt before it can be legalized.
The Russian power grid is going to be wrecked by these miners, if only the government could sort things out sooner... the longer it drags on, the bigger the shadow.
I just say, black equipment miners aren't afraid of amnesty at all; the key is how much tax they'll have to pay afterward, real money.
60% are wandering in the gray area; how long can the price advantage of electricity in Siberia last? What about after this policy?
Getting taxes collected is already a win; don't expect to sort out the mining industry just by relying on exemptions, that's a dream.
Recently, a harsh measure has emerged in the Russian mining community - granting a general amnesty to miners using "black equipment."
The core advisors involved in the legislation directly pointed out: Currently, over 60% of the Mining activities in the country are still lingering in a gray area, and the root of the problem lies in the source of the equipment. Although the country legalized Mining last year and established a registration and taxation process, how many actually implemented it? Only 150 infrastructure companies and 1,300 entities have truly registered.
Why are the remaining miners not moving? They are afraid of being checked for the origin of their equipment.
Consultant Oleg Ogienko made it very clear: if there is no way out for illegally imported equipment, who would dare to actively run into the gun barrel? As a result, what should be regulated is not regulated, and the taxes that should be collected are also not collected.
The more challenging times are ahead. In those regions of Siberia with cheap electricity, mining farms have piled up to the point of overwhelming the power grid, leading over a dozen regions to directly impose mining bans. The government has now figured it out; to tackle the energy crisis, they first need to bring these hidden miners into the open and understand their situation in order to manage it accurately.
So this amnesty proposal is essentially playing a bigger game: exchanging immunity for data, turning the shadow economy into legitimate tax revenue, and conveniently addressing the power grid overload. Will it succeed? It depends on how subsequent policies are matched, but at least Russia genuinely wants to sort out the mining situation this time.