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Bitcoin & Crypto Mining Costs Might Increase in Russia As Regions Complain
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cryptonews.comBitcoin (BTC) and crypto mining is causing power shortages in parts of Russia – and political leaders are wading in with interventions that could seek to limit miners’ output or crank up their energy costs.
Per Vedemosti, Igor Kobzev, the Governor of the Irkutsk Oblast in southeastern Siberia, has written a letter to the Deputy Prime Minister Alexander Novak to “complain about illicit cryptocurrency miners” operating in the area – stating that they are causing spikes in consumption.
Novak served as the Minister of Energy from 2012 until last year, when he was appointed Deputy Prime Minister. However, he still wields considerable power over the energy industry – and there are signs that his successor may be ready to respond with new tariffs
Read more on cryptonews.comAbout this in other media
Russian crypto market worth $500B despite bad regulation, says exec cointelegraph.com /2 years ago
Putin’s internet ombudsman pessimistic about crypto regulation cointelegraph.com /2 years ago
Crypto investments a financial back up for Facebook whistleblower cointelegraph.com /2 years ago
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