🗞️ From Ban to Boom & Antminer S23, This Week in Crypto Mining

GM ☕

Leader, welcome back to MinerHunt - Here’s what we’ve got for you today:

🔥 Major Headlines in Crypto Mining

• Russia Enforces Six-Year Crypto Mining Ban in Key Regions

• Pakistan Launches National Bitcoin Reserve and Allocates 2,000 MW for Mining

• U.S. Administration Embraces Cryptocurrency

• New Drop: Antminer S23 Model

• 😂 Meme of the Week

❌ Russia Drops the Hammer, 6-Year Mining Ban

Russia has issued a 6-year crypto mining ban in power-strapped regions like Irkutsk. This move could displace around 20 EH/s (~3% of global hashpower).

🚫 Potential hashrate impact: ~20 EH/s, or around 3% of global share

📍 Affected Regions

The ban applies to both individual miners and mining pools in the following areas:

1. Dagestan

2. Ingushetia

3. Kabardino-Balkaria

4. Karachay-Cherkessia

5. North Ossetia

6. Chechnya

7. Donetsk People's Republic

8. Luhansk People's Republic

9. Zaporizhzhia

10. Kherson

Additionally, seasonal mining restrictions have been implemented in parts of the Irkutsk Region, Buryatia, and the Trans-Baikal Territory. These restrictions are set to run from November 15 to March 15 each year, starting in 2025.

⚡ Why the Ban?

Russia’s cracking down on crypto mining mainly because of power crunches. Mining rigs suck up a ton of electricity, especially during peak times, causing energy shortages in several regions. The government wants to keep the lights on for everyone, so they’re hitting pause on mining to ease the strain.

🔄 What’s Next?

The ban might spread to more areas struggling with power issues. Officials are even thinking about moving mining farms up north, where old oil facilities left behind unused energy. That way, miners can keep hashing away without making the power grid sweat.

🌐 Pakistan Launches National Bitcoin Reserve

Pakistan's government announced the formation of its first state-backed Bitcoin reserve and dedicated 2,000 MW of power to crypto mining that’s nearly double Kazakhstan’s mining allocation.

🧊 Fun stat: That’s nearly double what Kazakhstan allocates to mining.

📊 To compare: At 50 J/TH efficiency, 2,000 MW could power 40 EH/s of hashrate — roughly 6.3% of Bitcoin's global hashpower.

U.S. Administration Embraces Crypto

The U.S. government is warming up to crypto again. While nothing’s signed in stone yet, the recent statements show a clear shift toward regulatory support for mining and blockchain innovation.

Public mining stocks like Marathon Digital and Riot Platforms popped 12–15% this week.

🗽 U.S. Hashpower Share: Still leading at 38% globally.
🔌 Texas miners? Already celebrating with low-cost energy and big plans.

Sergey Nazarov says the U.S. is now focused on crypto and blockchain through a new executive order and task force.

New Drop: Antminer S23 Model

Bitmain just launched the Antminer S23, and it’s already stealing the spotlight. Perfect timing for the post-halving squeeze.

Antminer S23 Hyd (3U) – Specs Breakdown

🧠 Hashrate: 1,160 TH/s
⚡ Efficiency: 9.5 J/TH
🔋 Power Consumption: ~11,020W
🏋️‍♂️ Weight: 18.2 kg
🔈 Noise Level: 50 dB

💬 Mind-blowing stat: A 1 MW farm running S23s can crank out ~57 PH/s, mining around 0.18 BTC/month ($12.6k) with up to 35% profit margin at sub-$0.07 power.

🧊 Also cool: Better heat control = fewer shutdowns = more uptime = more sats.

🧠 Miner_Hunter Weekly Pulse

Mining farms moving north: Countries with cold climates (and cheap hydro) are becoming mining hotspots again. Russia’s ban might only speed this trend up.

🤯 Did You Know?

• A single S23 Hyd miner makes more in a day than an S19 XP does in a whole week. Power matters. Efficiency matters more.

• Mining at $0.06/kWh vs $0.03/kWh can double your break-even time. Cheap power isn’t just a bonus — it’s survival.

😂 Meme of the Week

Source: @BitcoinMemesIRL

Source: @Mr_Meme_Machine

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Stay curious, leaders!

PS. If you missed yesterday’s issue, you can find it here.