The Internet Ombudsman told, for what period of time pays off mining

© RIA Novosti / Vladimir Astapkovich in fotobabbles. Archival photoThe Internet Ombudsman told, for what period of time pays off mining© RIA Novosti / Vladimir Astapkovich the image Bank

The start date of the profit from the mining process (cryptocurrency mining) to date is from 8 to 12 months, the statements of the Internet Ombudsman Dmitry Marinicheva.

«The profitability of mining for today based on the rate and cost of equipment from 8 to 12 months makes. This is payback, direct such return calculated from the cost of equipment, cost of maintenance, clearance,» he said during a press Breakfast ahead of the world summit on the cryptocurrency and the blockchain WBCSummit, which will be held may 19-20.

Marinichev also noted that the exact yield when mining is not easy to calculate. The main problem with counting is that the cost part is calculated in dollars.

Also, according to him, while the profitability of such projects is unstable. «To the recoupment of mining equipment even three years, when the yield will be imputed, when you stop to throw bitcoin (cryptocurrency price up and down — ed.) and the market stabiliziruemost. Up to this point at least three to five years,» said Marinichev.

The Internet Ombudsman added that mining, in its opinion, «can be a sector». «Because it’s a classic element of support», — he explained his point of view.

Currently, the legal status of cryptocurrencies in Russia is not defined. In March, the Duma introduced two bills that are expected to regulate the new market. The draft law «On digital of financial assets», provides a definition of such assets, referring to them bitcoin and the token. In this case clearly establishes that digital financial assets are not legal tender in the territory of the Russian Federation.

The Internet Ombudsman told, for what period of time pays off mining© Integratiebeleid and bitcoin

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