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Bitcoin Mining News: Russia and the USA Discuss Joint BTC Mining at Nuclear Power Plant
Recent reports indicate that Russia is in discussions with the United States regarding the joint management of Bitcoin mining operations at a well-known nuclear power plant. Both countries are exploring ways to manage the facility and reinvest some of the excess energy into cryptocurrency mining. However, Russia has yet to confirm whether these discussions will lead to a pilot project or a formal proposal.
According to Russian President Vladimir Putin, the United States has expressed interest in utilizing electricity from the Zaporizhzhia nuclear power plant for mining purposes. The two nations are looking for new ways to manage the facility, including the possibility of directing some of the energy towards crypto operations. These comments were reported by the Russian newspaper Kommersant amidst broader discussions about the future of the plant and potential collaboration between the USA and Russia.
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“The nuclear power plant remains a critical asset amid increasing geopolitical tensions. Any changes in management or energy usage could have far-reaching implications for the entire region.”
Despite the ongoing discussions, no formal agreements or pilot projects have been established yet. There is currently no clear plan to connect the plant's electricity with Bitcoin mining, and U.S. officials have not publicly commented on any mining interest in Zaporizhzhia. The situation remains fluid, with the discussions primarily focused on initial talks rather than concrete actions.
Key Takeaways:
- Russia and the USA are discussing joint management of Bitcoin mining at the Zaporizhzhia nuclear power plant.
- No formal agreements or pilot projects have been established yet.
VanEck Analysis: Slowing Bitcoin Mining Activity as a Bullish Signal
The news regarding Bitcoin mining comes shortly after a new analysis from VanEck, which suggested that the recent slowdown in mining activities could signal a bullish turn for Bitcoin. The report highlights that Bitcoin mining often yields higher returns during periods of decreasing network activity, reminiscent of patterns observed in past market cycles.
Historically, the data shows that Bitcoin's 90-day returns were positive in 65% of cases when the network's hash rate declined. In contrast, returns were positive in only 54% of cases when the hash rate increased. VanEck characterized this trend as a contrarian signal, typically occurring during phases of capitulation among mining companies when weaker operators are forced to exit under financial pressure.
According to VanEck, such moments often favor long-term holders. The analysis noted that Bitcoin's hash rate fell by 4% in the month leading up to December 15, marking the most significant decline since April 2024. If this hash rate compression persists, the company indicated that positive returns have historically been more frequent and pronounced.
Key Takeaways:
- VanEck suggests that slowing Bitcoin mining activity may indicate a bullish trend for Bitcoin.
- Historical data supports the notion that declining hash rates can lead to higher returns.
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