Russia prohibits crypto mining in several areas, mentioning energy issues
The Russian federal government has actually prohibited crypto mining in 10 areas for a duration of 6 years, according to reporting by the state-owned news company TassRussia has actually mentioned the market's high power usage rates as the main factor behind the restriction. Crypto is especially power-hungry, as mining operations currently represent almost 2.5 percent of United States energy usage.This restriction works on January 1 and lasts till March 15, 2031. The nation's Council of Ministers has actually likewise specified that extra restrictions might be needed in other areas throughout durations of peak energy need. It might likewise go the other method. The restriction might be momentarily raised or changed in specific areas if a federal government commission analyzes modifications...