Cudo Releases its GPU Multi-Mining Software to the Russian Market

Cudo Miner, the GPU multi-miner, today announced its latest GUI miner will be available in Russian. Russia is one of the most favourable countries for crypto mining thanks to its cheap electricity and favourable climate. In Europe, the average cost of electricity ranged between $0.07 and $0.2 per kWh in 2017. However, in Russia it is only $0.05 per kWh on average, and in the Irkutsk region it is as low as $0.015 per kWh.

Electricity is the major operating cost for crypto mining, so access to cheap electricity has resulted in massive mining farms springing up across Russia. Neighbouring China is a hotbed for Bitcoin ASIC mining – thanks to local Chinese ASIC manufacturers such as Bitmain – but in Russia, the market includes large-scale GPU mining operations too. Read More...

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