Bitcoin mining is one of the most profitable ways to earn bitcoin for free
Recently Russia announced to ban bitcoin mining inside the country
Bitcoin miners from russia may soon face the situation of zero profit for mining bitcoin
A new bill submitted by country's ministry of finance will make it illegal for miners to receive rewards in crypto currency
It applies for both bitcoin and ethereum where miners can't receive rewards for mining crypto
According to local news outlet Izvestia there will be only three acceptable scenarios for reviewing rewards in crypto currency
If the new proposed law on digital financial asset comes into effect miners won't be receiving crypto for mining bitcoin or ethereum
The three acceptable scenarios are receipt of digital assets, inheritance, framework of bankruptcy.
In all other scenarios including crypto rewards for mining will be considered as illegal for russian citizens and enterprises.
Residents and enterprises that will go against this law will face upto 7 years in prison and 100k rubble ($1,325 dollar) in fine
Illegal entities will face upto 1 million rubble or ($13,250) dollar in fine
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