https://s26.postimg.org/iha0e3top/Russia-_Discusses-_Starting-_Cryptocurrency-_Mining-.png

According to data provided by Google, searches for Bitcoin, Ethereum, and for the crypto space in general have been sky rocketing.

That doesn't sound all that surprising but let me put that statement into context for you.

Bitcoin was created in 2009, yet the greatest interest from Russian users came within the first 6 months of 2017. The number of searches for the industry as a whole grew by more than 250% in the last 6 months alone.

That means that at no no point since it's creation has cryptocurrency ever been more popular than it is right now, and it's by a wide margin!

To further put things into perspective.

Check out this chart released by Google of the search analytics by topic:

https://s26.postimg.org/tti0i5czt/google-chart-mining.png

As you can see the largest increase is being seen in Ethereum.

Searches about mining are the second highest searched item.

This is all very interesting considering cryptocurrency in Russia was once on the verge of being banned in 2016. That legislation didn't pass and then later the possibility of outlawing mining was discussed.

Not surprise that mining is being heavily searched.

Russia has gone from the currency and mining possibly being outlawed to legalizing in a matter of months.

Now it appears the country is seriously considering creating a state backed mining center with a potential goal of 30% of global Bitcoin mining share.

More on that can be read here:

https://news.bitcoin.com/russia-discusses-starting-cryptocurrency-mining-with-its-20-gigawatt-surplus/

If Bitcoin and cryptocurrency were to be legalized, and then potentially state backed, that would provide another huge source of demand going forward.

Stay informed my friends.

Sources:

https://news.bitcoin.com/google-says-russias-interest-in-bitcoin-up-220-mining-560-ethereum-760/

Image Sources:

https://news.bitcoin.com/russia-discusses-starting-cryptocurrency-mining-with-its-20-gigawatt-surplus/

https://news.bitcoin.com/google-says-russias-interest-in-bitcoin-up-220-mining-560-ethereum-760/

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