Russian analysts believe that increasing regulatory pressures, tax burden, and energy costs in countries such as the US and Kazakhstan could lead to a new great migration of crypto miners. Under such a scenario, Russia has what it takes to occupy up to 18% of the global Bitcoin hashrate, according to specialists from Intelion Data Systems. They predict that new restrictions on access to low-cost energy, the introduction of higher taxes, and rising electricity rates could lead to the relocation of up to 6% of the mining capacities of the US, Canada, and China, as well as about half of the miners from Kazakhstan. In this case, Russia's share in the global Bitcoin hashrate could rise to 18%. Currently, Russia accounts for nearly 4.7% of the global hashrate, ranking fifth among major mining destinations. (Bitcoin.com)