Russia Bolsters Crypto Mining Capacity to 500 Megawatts
Russian crypto mining farms have increased in operation and capacity in 2022 despite sanctions and dismal crypto market performance.
Russian crypto mining farms have increased in operation and capacity in 2022 despite sanctions and dismal crypto market performance.
Legislators in Russia have said that the proposal to control the mining of cryptocurrencies has been delayed due to fears of a flight of capital. Read CNL.
Russian government is looking forward to passing bill legalizing Bitcoin (BTC) mining. Read CNL for more info.
Russia’s low energy prices were a major factor in the enormous increase in demand for discounted ASIC crypto-mining equipment in Q4.
Russian access to European crypto services will be hampered by new sanctions being debated in light of the ongoing escalation of the situation in Ukraine.
Russian leaders have just announced that the nation will allow international trade in Bitcoin and other cryptos without industry restriction.
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