President Vladimir Putin signed a law that will legalize

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session "Industrial Mining: A New Driver of the Digital Economy and International Cooperation" was held at the "VEF-2024". Director of the Industrial Mining Association Sergey Bezdelov believes that the adopted law will increase the amount of 50 billion rubles of taxes paid for mining to the state treasury in 2023, will help attract new infrastructure investors, provide salaries at the local level, change the structure of the workforce, become a magnet for youth, create new IT professions and help in the development of artificial intelligence. Among the unaccounted for points in the law, he noted the regulation of taxes and the formation of the register of the Ministry of Digital Development.

General Director of Intelion Mine LLC Timofey Semenov said: "We are waiting for amendments to the new code. It is necessary to distribute taxes to the regional budget, where data centers operate, in accordance with the capacities they consume."

Valery Petrov, a member of the expert council of the Russian Association of Cryptocurrency and Blockchain, believes that the law on mining will, first of all, provide legal certainty in this industry, which will now allow many countries to invest in the domestic mining industry. "Also, thanks to this law, computing centers may appear that will not only deal with mining, but also with solving other complex computational problems that are especially relevant in the era of the creation and development of artificial intelligence," Valery Petrov noted.

He also mentioned that in order for the law to work effectively, it is necessary to create all the by-laws it provides for, and above all, to create transparent tax rules for companies engaged in mining. "It is also important to minimize unjustified tax audits that hinder business development. As for the use of artificial intelligence for cryptocurrency transactions, it is necessary to understand that such solutions already exist, but they cannot yet function effectively without human participation," said Valery Petrov.

In law
cryptocurrency mining in azerbaijan whatsapp resource Russia from November 1. In the law, deputies established the procedure and conditions for conducting such activities. "Russian legal entities and individual entrepreneurs (IE) included in the register of the Ministry of Digital Development will be able to engage in mining. Russians who do not have the status of IE will be allowed to mine digital currency without being included in the register, if they do not exceed the energy consumption limits set by the government. Legal entities and IE will have the right to operate a mining infrastructure operator after being included in the register of such operators, which will also be maintained by the Ministry of Digital Development," RIA Novosti reported.

Artificial Intelligence in Mining

Experts from BSS LLC believe that over time, given the general trend, the role of artificial intelligence in mining will only increase: "In particular, AI can be used to optimize mining processes, analyze cryptocurrency market data, and forecast cryptocurrency prices, which will help miners make more informed decisions in real time. In addition, AI can help in developing more efficient mining algorithms and in managing complex cooling and power systems used in mining, including increasing equipment efficiency and reducing energy consumption. In general, the use of AI can lead to increased productivity and profitability of the business."

BSS experts also believe that the development of AI in mining can have an impact on other industries: “For example, AI can be used to analyze big data on energy consumption and equipment efficiency in mining, which can help develop more efficient solutions for other energy-intensive industries, such as manufacturing and processing. In addition, AI can be used to monitor and manage mining infrastructure, which can lead to the development of new infrastructure management solutions in other industries, such as telecommunications and transportation. In general, the development of AI in mining can lead to new technologies and solutions that can be used in other industries to improve efficiency and productivity.”