The cost of ASIC equipment has come as close as possible to the cost of production in Russia
Russian crypto miners seem unbothered by the ongoing crypto mining crisis, as the demand for special mining hardware has been on the rise in the last quarter of 2022.
As per the Russian news agency Kommersant, there has been a huge spike in demand for application-specific integrated circuit (ASIC) for crypto mining in Russia. This is happening due to a reduction in the prices of these ASIC devices as well as low-cost energy.