Is cryptocurrency mining legal in Russia?
- Cryptocurrency mining is legal in most regions of Russia. Some areas, like Siberia, are more commonly used due to cheaper electricity.
What licenses are required for hospitality establishments to operate?
Hosting centers must have the relevant licenses related to energy and industrial activities.
Is Aryahesh Company legally registered?
Yes, this company is legally registered in both Iran and Russia and has obtained the necessary licenses from the relevant authorities.
What is the electricity tariff for mining in these establishments?
The electricity tariff varies depending on the region; areas like Irkutsk have the cheapest rates, around 6 cents per kilowatt.
How is the hospitality cost calculated per device or per month?
The hosting cost is $170 per month per device with approximately 200TH, which includes maintenance and electricity services.
Does the hospitality cost change during the contract period?
No, the cost is fixed.
How does Russia's natural climate affect cooling costs?
Russia’s natural cold climate, especially in Siberia, significantly reduces cooling costs. Many facilities use simple ventilation systems.
Does low temperature have a positive effect on the performance of devices?
Yes, low temperatures improve device efficiency and reduce malfunctions, making the climatic conditions ideal for miners.
What measures have been taken for the security of the devices?
Professional facilities are equipped with surveillance cameras, 24-hour physical security, and advanced protection systems.
Are there insurance services available for mining devices?
Yes, the devices are insured, and the insurance covers damage, theft, or natural disasters.
Is a stable and uninterrupted power supply guaranteed in the facilities?
Reputable facilities provide stable and uninterrupted power supply, as they use industrial-grade infrastructure.
What is the uptime rate of the facilities?
The uptime rate is usually above 99%.
Do international sanctions affect mining equipment?
No, sanctions have no effect on mining.
How can international payments be managed?
International payments are usually made with Tether (USDT) to avoid banking restrictions.
Are detailed reports of device performance provided?
Professional facilities provide detailed performance reports of the devices, including energy consumption and hash rate. An investment account is set up on the device, and a full performance report is available for viewing.
Is there a local technical team for the repair and maintenance of the devices?
Yes, the facilities usually have local technical teams that quickly address issues.
The devices come with a one-year manufacturer warranty, and the service centers replace defective parts free of charge.
Are spare parts easily available in Russia?
Yes, spare parts are usually imported from China and are available.
What are the best regions for hosting in Russia?
Irkutsk, Krasnoyarsk, Abakan, and Yakutsk are the best regions due to cheap electricity and natural cold temperatures.
Does the geographic distance affect the costs?
Yes, remote areas have higher transportation costs, but the cheaper electricity offsets these expenses.
What is the minimum contract duration?
The minimum contract duration is between 1 to 3 years.
What guarantee is provided to the customer regarding the devices?
Aryahesh Company, in addition to formal contracts, provides a guarantee note for the delivery of devices to the customer. For amounts exceeding 10 billion IRR, a property guarantee is offered, and for amounts over 500,000 USD, a company is registered in Russia for the investor. All customs documents, insurance contracts, and farm agreements are registered in the name of the company.
How long does it take for the mined Bitcoin to be delivered to the customer?
Mining is set up on the customer’s personal pool, and the mined amounts are transferred to the customer’s wallet daily, where they can be withdrawn.