{"id":202206,"date":"2021-10-21T20:00:15","date_gmt":"2021-10-21T19:00:15","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=202206"},"modified":"2021-10-24T04:17:48","modified_gmt":"2021-10-24T03:17:48","slug":"russian-regulators-want-to-mine-crypto-through-wasted-flare-gas","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/russian-regulators-want-to-mine-crypto-through-wasted-flare-gas\/","title":{"rendered":"Russian regulators want to mine crypto through wasted flare gas"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, <em>Kommersant<\/em>.<\/span><\/p>\n<h2><b>Gas flares for crypto mining<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to the <\/span><em><a href=\"https:\/\/www.kommersant.ru\/doc\/5040338\"><span style=\"font-weight: 400;\">Kommersant report<\/span><\/a><\/em><span style=\"font-weight: 400;\">, it revealed that it was privy to a September 7 letter between the regulators where the Russian central bank alongside other government agencies like the Ministry of Industry and Trade and Ministry of Digital Development were in talks of whether players in the oil and gas industry could use wasted natural gas to power data centers that are focused on <a href=\"https:\/\/cryptoslate.com\/op-ed-can-cryptocurrencies-help-reduce-your-environmental-impact\/\">crypto mining<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though no approval has been granted, largely, because the crypto mining industry in Russia is unregulated. However, the use of natural gas for powering crypto mining would be making use of a gas that is often unprofitable to extract especially as it is always flared during oil drills.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, these flares are a renowned green energy source because of their lack of productive energy use.<\/span><\/p>\n<h2><b>Russia faces pressure from the oil and gas industry<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Russian authorities might be under pressure to reconsider their lackadaisical approach to the crypto industry generally as many of the crypto miners who left <a href=\"https:\/\/cryptoslate.com\/chinese-investors-turn-to-dexs-to-skirt-crypto-ban\/\">China<\/a> have relocated mostly to the country, Kazakhstan, and the <a href=\"https:\/\/cryptoslate.com\/bitcoin-btc-hashrate-shifts-to-the-us-as-states-vie-for-miners-attention\/\">United States<\/a> thereby placing it amongst the highest Bitcoin hash rate producers in the world.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, the pressure from players in the oil industry could also tighten the noose on the government. The report stated that the idea for using the flared gas for crypto mining came from market participants and that \u201cone of the largest Russian oil companies would like to scale its cryptocurrency mining project.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Alexander Zhuravlev, the Chairman of the Commission on Legal Support of the Digital Economy of the Moscow Branch of the Russian Bar Association highlighted that Russia\u2019s oilmen could capitalize on this to \u201ccreate data centers or provide their excess capacity as &#8220;mining hotels&#8221; for investors from China, where mining has been legally banned.&#8221;<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining digital assets in Russia could take a new turn in the near future as regulators in the European country are considering using waste natural gases for mining purposes, this was revealed by a report from a local media house, Kommersant. Gas flares for crypto mining According to the Kommersant report, it revealed that it [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":202198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,35372,37],"tags":[76807,77058,77057,76808],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russian regulators want to mine crypto through wasted flare gas<\/title>\n<meta name=\"description\" content=\"A report has revealed that regulators in Russia are considering allowing the oil and gas industry use flared natural gas to mine crypto.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/russian-regulators-want-to-mine-crypto-through-wasted-flare-gas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russian regulators want to mine crypto through wasted flare gas\" \/>\n<meta property=\"og:description\" content=\"A report has revealed that regulators in Russia are considering allowing the oil and gas industry use flared natural gas to mine crypto.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/russian-regulators-want-to-mine-crypto-through-wasted-flare-gas\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-21T19:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-24T03:17:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/russia-crypto-mining.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/russian-regulators-want-to-mine-crypto-through-wasted-flare-gas\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/russian-regulators-want-to-mine-crypto-through-wasted-flare-gas\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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