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Russia bans digging BTC! 10 areas in the territory are completely banned from digging for 6 years, and some areas have power rationing in winter
The Russian government announced on 12/24 that it will completely ban Crypto Mining in 10 regions from New Year's Day in 2025 for 6 years, and implement winter Mining power restriction policies in some regions to avoid energy shortages.
Mining is completely banned in ten regions, affecting individual and mining pool operations.
According to local media reports, from January 1/1, 2025 New Year's Day to March 15, 2031, a total of 6 years, Dagestan, Ingushetia, Chechnya, Luhansk People's Republic and other 10 regions in Russia have completely banned any form of CryptocurrencyMining, affecting personal mining and mining pool activities.
Winter is a peak period of energy consumption for Russia, so the Russian government also implements seasonal restrictions on key mining areas such as Irkutsk, Buryatia, and Transbaikal to prevent local power systems from being overwhelmed.
The adjustment affected by the new policy has attracted attention to the encryption Mining stronghold in Irkutsk
Irkutsk is a key region for Cryptocurrency Mining in Russia, known for its cheap electricity prices. The large mining company BitRiver was attracted to set up data centers in the area. The Russian government originally planned to include Irkutsk in the mining ban zone, but ultimately modified it to implement seasonal restrictions, flexibly retaining some mining space. BitRiver has not commented specifically on the impact of this policy.
The new mining ban continues the spirit of the policy and guarantees energy stability
The mining ban is a continuation and refinement of Russian President Vladimir Putin's CryptocurrencyMining Law in August and October this year, which emphasizes that while ensuring a stable supply of energy, some mining business space is still retained. For the impact of the cryptocurrency industry and the local economy, the policy effect needs to be further observed. Please provide the text to be translated. The picture shows the Cryptocurrency Mining Act signed by Russian President Vladimir Putin in October.
(Former US presidential candidate Kennedy Jr. refutes the British "Economist" Bitcoin mining energy consumption fallacy)
Article Russia bans bitcoin mining! 10 areas in the territory have been completely banned from digging for 6 years, and winter power rationing in some areas Mining first appeared in chain news ABMedia.