According to the latest estimates from the Russian government, cryptocurrency mining accounts for 2% of the country’s total electricity consumption.
Russian authorities, cryptocurrency mining more than 2% of the country’s total electricity consumption created and leaving the agricultural sector behind says.
Deputy Minister of Trade and Industry of Russia Vasily Shpakin line with the latest mining estimates for the mining industry to be covered by the law he called.
Do you know how much of the general electricity produced in our country mining is used? Let me tell you, more than 2%. This amount is more than the electricity consumed for the agricultural sector. In this respect, it is impossible not to see mining as a sector or a sectoral activity.
The deputy minister also added that “if the cryptocurrency mining sector is regulated, it will be more “energy-intensive methods“He promised to go.
Cryptocurrency mining, which has not been regulated yet, although it is not banned in Russia, is in the “grey zone” and poses a risk for those involved in the industry. Russian authorities recently submitted a revised version of the cryptocurrency mining bill to parliament. In the proposed bill,will require adenists to register privately and a one-year tax settlement with enrollees containing substances were removed.
Cambridge Bitcoin Electricity Consumption Index (CBECI) According to the latest data, its share in Bitcoin hash rate is percent. 4.55regressing to Russiain terms of Bitcoin hash rate USA, China, Kazakhstan and Canadaafter fifth place is located.