$Crypto miners in Russia are facing more challenges as three new regions seek to ban mining operations. Here's what you need to know:
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New Mining Ban Requests:
Officials from the following regions are pushing for restrictions:
Northern Karelia
Penza Oblast
Parts of Khakassia (Southern Siberia)
The Russian government commission will review these proposals in May.
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What’s Already Banned?
Crypto mining is already fully or partially banned in over a dozen Russian regions, including:
Dagestan, Chechnya, North Ossetia
Buryatia, Transbaikal, and parts of Donetsk and Luhansk (annexed areas)
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Irkutsk Gets Hit Hard
South Irkutsk has a permanent ban on mining until March 2031.
Why? The region's power grid was overloaded by mining farms.
However, the ban caused $9.6 million in losses for the local power distributor due to unused electricity.
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The Underground Mining Threat
Industry leaders warn that miners may go underground, setting up illegal farms in basements and garages. This could strain local grids even more.
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Mining Still Legal – With Limits
Russia recognizes crypto mining as a legal business.
Registered miners must report to the Federal Tax Service (FNS).
Citizens can mine, but only up to 6,000 kWh/month.
As of April 1:
722 miners are officially registered.
Hotspots: Krasnoyarsk Krai, Irkutsk, Tatarstan
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Bottom Line:
Crypto mining in Russia is getting squeezed. More bans may follow, pushing miners back into the shadows. If you're mining or investing in mining projects, keep your eyes on Russian policy updates.
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