In <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a>, a bold new proposal has surfaced, aimed at addressing the <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> crunch caused by crypto mining. The National Research University Higher School of Economics suggests disconnecting miners for at least 500 hours annually. This initiative would classify miners as a distinct consumer category, subject to unique power cut rules. Presently, Russian households face a maximum of 72-hour annual electricity disruption. Miners would become the fourth category, enduring longer disconnections, according to <a href="https://bits.media/smi-rossiyskikh-maynerov-predlozhili-vremenno-otklyuchat-ot-elektrichestva/" rel="noopener noreferrer nofollow">Bits.media</a>.
Sergei Bezdelov of the Industrial Mining Association sees this as a win-win. It's a practical compromise for businesses, and miners seem ready for it. Valery Seleznev of the State Duma Energy Committee notes <a href="https://ultramining.com/news/en/hut-8s-q2-2023-a-bitcoin-mining-marvel/" rel="noopener noreferrer nofollow">crypto miners</a>' adaptability to power outages.
This initiative could counter the Energy Ministry's plan to hike mining tariffs in energy-scarce regions. Post-<a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">China</a>'s mining ban and <a href="https://ultramining.com/news/en/global-bitcoin-mining-activity-soars-hashrate-hits-record-high/" rel="noopener noreferrer nofollow">Kazakhstan</a>'s strict regulations, many crypto miners have migrated to <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Siberia</a>. This influx has strained the region's power supply, prompting the Ministry to consider regulatory changes and increased tariffs for crypto farms in energy-deficient areas.
Meanwhile, Irkutskenergosbyt is taking legal action against <a href="https://ultramining.com/news/en/abkhazia-intensifies-crackdown-on-illegal-crypto-mining/" rel="noopener noreferrer nofollow">illegal mining</a> operations. Since the year's start, 794 lawsuits have been filed against these miners. In five years, 1,882 cases have been initiated, with 1,074 recognized as legitimate, leading to over 480 million rubles in fines.

Russia’s Crypto Miners Face Disconnection Challenge

Ultramining_Eng

Các bài viết khác được xuất bản trên 24 thg 1, 2024

Dubai to Hold Global Blockchain Show – A Grand Blockchain Meet of Experts

General Dynamics (GD) Reports Q4 Results, $11.67B in Revenue and EPS of $3.64

BREAKING NEWS: SEC Postpones Verdict on Fidelity’s Ethereum ETF

Turn $1K Into $100K with These 4 Coins: ($IOTX, $WIF, $DYDX, $GFOX)

KuCoin launches Apple pay integration for crypto debit card

QCP Analysts Share Latest Predictions on Cryptocurrency Markets

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!