Eases

Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners thumbnail

Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners

slashed the price of oil, Russia’s main import, to its lowest level in three years.With the ruble plunging, the average price in Russia for electricity, one of the biggest costs for miners, also dropped. In Siberia, Russia’s main region for mining, the average price for power available to local mining farms fell from 5 cents…