Regions predicted to yield highest profits in cryptocurrency mining for the year 2025
Revised Article:
Electricity costs for miners in 2025 paints a varied landscape, thanks to changing legislative norms. As per experts at AKRA, the Irkutsk region, once the jewel in the crown, has seen a shake-up in its rankings.
In 2024, many Russian regions introduced differentiated electricity tariffs for households and similar categories. However, these measures fell short, often failing to curb excessive consumption or reduce cross-subsidization. Cross-subsidization being a mechanism where some consumer groups foot the bill for others. In 2025, the volume of cross-subsidization hit a jaw-dropping 300.6 billion rubles, mainly due to the ability to pay for electricity used for shady commercial activities, like mining, at a reduced household tariff.
With mining legalized in Russia by November 2024, the government tightened the noose on residential and gray mining. From January 1, they set the first price band at no more than 3,900 kWh in all regions, and the second at no more than 6,000 kWh. Previously, these thresholds averaged around 10,200 and 16,000 kWh, respectively. Furthermore, favorable electricity tariffs were introduced for houses with electric heating [1][2].
In some energy-strapped regions, mining has been banned altogether. Effective from January 1, 2025, to March 31, 2031, mining will be banned in six republics of the North Caucasus Federal District, four new regions, and parts of the Irkutsk Oblast. Additionally, a seasonal ban will apply in Buryatia and Zabaykalsky Krai [3].
AKRA experts suggest that, in 2025, the Republic of Khakassia is the most attractive region for an ASIC miner device owner. annual electricity consumption costs for such a device in Khakassia hover around 56 thousand rubles, regardless of housing type. Tiumen and Murmansk Oblasts complete the top 3, with annual energy costs of 72 thousand and 75 thousand rubles, respectively [2].
With a monthly consumption of 6 thousand kWh, equivalent to the threshold for crypto mining without registry, the cost remains the least in Khakassia, despite housing two mining devices. In this case, an owner can expect to shell out 162 thousand rubles or 157 thousand rubles for a house with electric heating annually. Other appealing options include Murmansk Oblast, the Republic of Bashkortostan, and Chelyabinsk Oblast [2].
For a miner owning more than three ASIC devices, registry registration is mandatory. In this scenario, the cost of maintaining three to twelve devices remains the least in Khakassia. A whopping annual cost of 1.311 million rubles to maintain twelve devices. The maintenance of these machines in quantities exceeding 13 is cheapest in Krasnoyarsk Krai, although slightly pricier than in the Republic of Khakassia when operating up to 12 machines [2].
[1] https://ria.ru/2025/01/01/1102256641.html[2] https://akra.ru/news/crypto/[3] https://rbc.ru/rbcfresh/621e62bc9a79473d3388aced
Finance and technology intertwine in the mining industry of Russia in 2025, as electricity costs for miners reveal a significant impact on the financial landscape. The use of advanced technology in mining operations, like ASIC devices, necessitates higher electricity consumption, which is often facilitated by technology-driven legislation and electricity tariffs. Despite the ban on mining in certain regions and legislative measures to curb excessive consumption, technology-savvy miners continue to explore finance-efficient regions for their operations, such as Khakassia, Tiumen, and Murmansk Oblasts, where technology-friendly electricity tariffs offer cost advantages.
