Demand for equipment for mining cryptocurrencies has grown in RussiaRussians have become more interested in equipment for mining cryptocurrencies, writes Vesti.Ru with reference to analysts at the Avito trading platform.

Demand for equipment for cryptocurrency mining has grown in Russia

Russians have become more interested in equipment for the production of cryptocurrencies, write Vesti.Ru with reference to analysts of the Avito trading platform.

According to them, the growth in demand for equipment has been observed since October 21. During this time, the number of relevant requests increased by 45%. At the same time, the number of advertisements for the sale of mining equipment has decreased, Avito said.

The growth in interest in mining is associated with the rise in the price of bitcoin. Now it is $ 18,200, having increased over the last month by more than 50%. The price of Ethereum has also increased, the production of which, unlike bitcoin, is carried out with the use of graphic processors, which are most popular among Avito users. Ether is currently trading slightly below $ 490, up 32% over the past 30 days.

Along with the price of bitcoin, the profitability of mining has grown. It is now estimated to be above levels that were observed just before the halving in May this year..

Similar articles

• Broker MTrading will close crypto CFDs due to low interest in them Belize-regulated broker MTrading is closing contracts for difference (CFD) pegged to cryptocurrencies due to weak demand, writes Finance Magnates.

  Broker MTrading Will Close Crypto CFDs Due To Low Interest Belize Regulated Broker MTrading Closes Contracts For Difference (CFDs),...

• The Central Bank and the Ministry of Finance discuss the issue of legalizing trade in cryptocurrencies The Central Bank reported that, together with the Ministry of Finance, they are discussing the issue of legalizing trade in cryptocurrencies on specialized trading platforms. RNS writes about this with reference to the Bank's press service.

  The Central Bank and the Ministry of Finance are discussing the issue of legalizing trade in cryptocurrencies The Central Bank reported that, together with the Ministry of Finance, they are discussing the issue...

• F2Pool opened a new server for bitcoin miners in MoscowMining pool F2Pool announced the launch of a new server for bitcoin mining in Moscow.

  F2Pool has opened a new server for bitcoin miners in Moscow Mining pool F2Pool has announced the launch of a new server for bitcoin mining in Moscow. According to...