Russia just banned crypto mining in Moscow + surrounding areas until 2032
Reason? Power grid can't handle it
Wild that a country sitting on massive energy reserves is worried about electricity shortages. Shows how much juice mining operations actually pull.
Meanwhile China banned it, unbanned it regionally, and is now quietly mining again in certain provinces
Russia's playing the same game — ban it where the grid is weak, probably keep it running where power is cheap and abundant (Siberia, anyone?)
This won't kill Russian mining. Just pushes it to regions where nobody's watching the power meters as closely
Classic move: regulate in the capital, ignore in the countryside
Reason? Power grid can't handle it
Wild that a country sitting on massive energy reserves is worried about electricity shortages. Shows how much juice mining operations actually pull.
Meanwhile China banned it, unbanned it regionally, and is now quietly mining again in certain provinces
Russia's playing the same game — ban it where the grid is weak, probably keep it running where power is cheap and abundant (Siberia, anyone?)
This won't kill Russian mining. Just pushes it to regions where nobody's watching the power meters as closely
Classic move: regulate in the capital, ignore in the countryside