The Russian government has banned crypto mining in ten regions for a period of six years, according to reporting by the state-owned news agency Tass. Russia has cited the industry’s high power consumption rates as the primary reason behind the ban. Crypto is particularly power-hungry, as mining operations already account for nearly 2.5 percent of US energy use.
Knowing Russia has been endorsing mining for years, that means their economy is so severely damaged it’s on brink of collapsing
They have? I’d like to know.
I mean, they were glad to host few of the largest bitcoin mining companies and they claim to use Bitcoin themselves so…
After a global ban in China may farms moved to Kazakhstan and Eastern Russia.