Russia’s Energy Chief: Illegal Crypto Mining (validating transactions via computing) Costs 200B Rubles Yearly

According to Russia’s energy chief, illegal crypto mining (validating transactions via computing) drives power shortages and grid overload; fewer than one-third of miners registered since late-2024 legalization, and a bill proposes fines up to 10M rubles and criminal penalties.

Summary

verifying reliability

Terms & Concepts

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