Reported 16 days ago
In response to significant blackouts linked to high energy consumption from crypto mining, Russia is contemplating restrictions on mining activities in key regions. With crypto mines projected to consume around 16 billion kilowatt-hours annually, accounting for nearly 1.5% of the country's energy usage, President Putin warned that uncontrolled mining could result in power shortages, impacting businesses and infrastructure projects. Although crypto mining is not legalized, new legislation may empower Moscow to impose restrictions in energy-deprived areas.
Source: YAHOO