A new report by Kommersant revealed that sales of Bitcoin mining machines in the country surged rapidly in the fourth quarter, a trend backed by a resurgence of demand, despite the chaotic price action of the crypto-asset.Chilkoot, which happens to be one of the official distributors of crypto mining rigs in Russia, witnessed more sales during the first two months of Q4 compared to the entire Q3.
As per Chilkoot’s data, mining prices fell by almost 20% during August and October. The prices, however, remained the same over the past month. BitRiver financial analyst Vladislav Antonov believes the price of ASIC mining rigs being close to the cost of production provides a good entry point for investment.
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