Investment advisor Yulia Galkina believes that mining
Posted: Sun Jan 19, 2025 8:30 am
factor: "Perhaps not tomorrow or even the day after tomorrow, but the miners themselves will become the initiators of the development of new energy resources. One person cannot build a second Bratsk hydroelectric power station. But I am sure that on a share basis, in close cooperation with the state and industry energy management structures, a consortium of miners could begin to solve this problem. The question is not what is missing, but what to do to make it enough. Those who want to, look for opportunities, and those who do not want to, will always find reasons."
Candidate of legal sciences indonesia telegram Mikhail Berandze believes that the allocation of capacity in one place and the use of free balances for mining with a simultaneous shortage of it in another is an incorrect distribution: "In this regard, restrictions in the form of a ban are an inevitable measure to regulate the distribution of electricity and its consumption. It is quite possible to overcome such restrictions. Changes in legislation often occur on the initiative of representatives of the industry itself, on behalf of associations or other unions."
will help regulate the work of electrical substations if it is organized on the basis of power plants: "Then during peak loads, mining is reduced, and at other times, the network's work is stabilized with the help of mining. And from an economic point of view, mining should be done in the Irkutsk region. I think it should not be banned, but regulated and done technically. Perhaps this requires automation, which we do not have. It is interesting that aluminum production requires even more electricity than mining, why is aluminum production not banned?"
Independent financial advisor Nina Kultysheva noted that all known large mining farms in St. Petersburg have either closed over the past couple of years due to low profitability, or moved beyond the Urals and further to the east of our country, where electricity is cheaper. "The profitability of mining in the Irkutsk region and certain parts of the Republic of Buryatia and the Zabaikalsky Krai will now either move into the gray zone - illegal connections to networks for a bribe, for example - or will be even less profitable for farm owners if they pay according to the meter. This is what the legislation is aimed at. How will this affect development? It will slow it down, of course. Mining is already declining, the measure will help slow down this process even more," Nina Kultysheva believes.
Read also
Alexey
Candidate of legal sciences indonesia telegram Mikhail Berandze believes that the allocation of capacity in one place and the use of free balances for mining with a simultaneous shortage of it in another is an incorrect distribution: "In this regard, restrictions in the form of a ban are an inevitable measure to regulate the distribution of electricity and its consumption. It is quite possible to overcome such restrictions. Changes in legislation often occur on the initiative of representatives of the industry itself, on behalf of associations or other unions."
will help regulate the work of electrical substations if it is organized on the basis of power plants: "Then during peak loads, mining is reduced, and at other times, the network's work is stabilized with the help of mining. And from an economic point of view, mining should be done in the Irkutsk region. I think it should not be banned, but regulated and done technically. Perhaps this requires automation, which we do not have. It is interesting that aluminum production requires even more electricity than mining, why is aluminum production not banned?"
Independent financial advisor Nina Kultysheva noted that all known large mining farms in St. Petersburg have either closed over the past couple of years due to low profitability, or moved beyond the Urals and further to the east of our country, where electricity is cheaper. "The profitability of mining in the Irkutsk region and certain parts of the Republic of Buryatia and the Zabaikalsky Krai will now either move into the gray zone - illegal connections to networks for a bribe, for example - or will be even less profitable for farm owners if they pay according to the meter. This is what the legislation is aimed at. How will this affect development? It will slow it down, of course. Mining is already declining, the measure will help slow down this process even more," Nina Kultysheva believes.
Read also
Alexey