March 30, 2021

Mines from Aluminum to Crypto


Mines from Aluminum to Crypto
Nadvoitsy has been called the Pripyat of the Arctic; this is what a post-Chernobyl Pripyat classroom looked like in 2011. Wikimedia Commons user Shanomag

What's more mysterious than a nearly abandoned Soviet-era ghost town in the Arctic? A nearly-abandoned Soviet-era ghost town in the Arctic that's seeing an uncanny resurgence through internet wizardry.

The town of Nadvoitsy developed around an aluminum factory planted in the Arctic by the Soviets. At its height, it had more than 10,000 residents. Now, apartments are on sale for R150,000-R400,000 ($1,973-$5,262), and no one buys them. For comparison, the cost of an entire apartment in Nadvoitsy would buy a person root canals and crowns on two teeth in St. Petersburg, as this author knows from recent personal experience.

Now that the aluminum factory is closed, who wants to stay in the Arctic? No one, really. The Komsomolskaya Pravda writer who investigated the story contends that, "According to all the laws of economics, [Nadvoitsy] had to die."

But investors recently spent $5 billion dollars to keep this monotown from turning into a ghost town. Why?

The old factory is now a data center. After all, "every pie shop now has an online store." That digital data has to be stored somewhere!

Cryptocurrencies like Bitcoin can also be mined there, meaning that a town that was once close to being forgotten is now becoming more and more valuable. With a hydroelectric plant nearby, electricity is cheap. Servers and mining release enormous amounts of heat, but in the Arctic, there is no need for expensive coolers.

Since a data center pretty much runs itself, thousands of factory jobs have been replaced with only hundreds of high-tech ones. Still, the new facility is pumping a lot of money into the local economy.

Like this post? Get a weekly email digest + member-only deals

Some of our Books

Bears in the Caviar
May 01, 2015

Bears in the Caviar

Bears in the Caviar is a hilarious and insightful memoir by a diplomat who was “present at the creation” of US-Soviet relations. Charles Thayer headed off to Russia in 1933, calculating that if he could just learn Russian and be on the spot when the US and USSR established relations, he could make himself indispensable and start a career in the foreign service. Remarkably, he pulled it of.

Survival Russian
February 01, 2009

Survival Russian

Survival Russian is an intensely practical guide to conversational, colloquial and culture-rich Russian. It uses humor, current events and thematically-driven essays to deepen readers’ understanding of Russian language and culture. This enlarged Second Edition of Survival Russian includes over 90 essays and illuminates over 2000 invaluable Russian phrases and words.

Life Stories
September 01, 2009

Life Stories

The Life Stories collection is a nice introduction to contemporary Russian fiction: many of the 19 authors featured here have won major Russian literary prizes and/or become bestsellers. These are life-affirming stories of love, family, hope, rebirth, mystery and imagination, masterfully translated by some of the best Russian-English translators working today. The selections reassert the power of Russian literature to affect readers of all cultures in profound and lasting ways. Best of all, 100% of the profits from the sale of this book are going to benefit Russian hospice—not-for-profit care for fellow human beings who are nearing the end of their own life stories.

Steppe
July 15, 2022

Steppe

This is the work that made Chekhov, launching his career as a writer and playwright of national and international renown. Retranslated and updated, this new bilingual edition is a super way to improve your Russian.

Moscow and Muscovites
November 26, 2013

Moscow and Muscovites

Vladimir Gilyarovsky's classic portrait of the Russian capital is one of Russians’ most beloved books. Yet it has never before been translated into English. Until now! It is a spectactular verbal pastiche: conversation, from gutter gibberish to the drawing room; oratory, from illiterates to aristocrats; prose, from boilerplate to Tolstoy; poetry, from earthy humor to Pushkin. 

Russian Rules
November 16, 2011

Russian Rules

From the shores of the White Sea to Moscow and the Northern Caucasus, Russian Rules is a high-speed thriller based on actual events, terrifying possibilities, and some really stupid decisions.

Davai! The Russians and Their Vodka
November 01, 2012

Davai! The Russians and Their Vodka

In this comprehensive, quixotic and addictive book, Edwin Trommelen explores all facets of the Russian obsession with vodka. Peering chiefly through the lenses of history and literature, Trommelen offers up an appropriately complex, rich and bittersweet portrait, based on great respect for Russian culture.

A Taste of Russia
November 01, 2012

A Taste of Russia

The definitive modern cookbook on Russian cuisine has been totally updated and redesigned in a 30th Anniversary Edition. Layering superbly researched recipes with informative essays on the dishes' rich historical and cultural context, A Taste of Russia includes over 200 recipes on everything from borshch to blini, from Salmon Coulibiac to Beef Stew with Rum, from Marinated Mushrooms to Walnut-honey Filled Pies. A Taste of Russia shows off the best that Russian cooking has to offer. Full of great quotes from Russian literature about Russian food and designed in a convenient wide format that stays open during use.

About Us

Russian Life is a publication of a 30-year-young, award-winning publishing house that creates a bimonthly magazine, books, maps, and other products for Russophiles the world over.

Latest Posts

Our Contacts

Russian Life
73 Main Street, Suite 402
Montpelier VT 05602

802-223-4955