June 24 (Cointime) - According to experts, Russia is becoming a popular destination for crypto mining due to its relatively low electricity tariffs, surplus energy reserves, and proximity to China for faster and cheaper delivery of mining equipment. BitRiver, a Russian mining giant, claims that Russia has 1GW worth of crypto mining capacity, surpassing its neighbors Kazakhstan and China. However, the Cambridge Centre for Alternative Finance Bitcoin electricity consumption index projected Russia's monthly hashrate at less than 5% of the global total, while the United States posted almost 38%. Despite this, some experts believe that Russia has the necessary conditions to become an attractive location for cryptocurrency miners, especially with regulatory transparency and understanding in the sector.