Russia Crypto Mining Faces Seasonal Bans Amid Winter Energy Crisis

Quick Summary:

The Moscow Times reports that these restrictions will particularly impact Siberia and certain occupied Ukrainian territories.

While domestic crypto payments remain illegal, lawmakers view these rules as a potential means to sidestep international sanctions.

Since mid-2024, the difficulty has risen nearly 20%, driven by intense global competition, alongside Bitcoin’s hash rate peaking above 900 EH/s before stabilizing at 730 EH/s.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United StatesCanadaChinaKazakhstan

Topics: Mining News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-20 @ 09:41:29 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 329 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23717690

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #112

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