Rosneft proposes mining cryptocurrency from oil wells

On October 22, Russian oil companies proposed to organize cryptocurrency mining next to their oil fields, which can use the excess gas released during oil extraction to provide power, otherwise these gases will be wasted.

Currently, various Russian departments and the central bank are reviewing the project, and the Ministry of Industry and Trade has asked the Ministry of Digital Development and the central bank to provide feedback on this idea. Experts analyze that the project may attract a large number of foreign investors after passing the review.