Prohibition of crypto mining in residential areas in Russia-mining Bitcoin messages

Prohibition of crypto mining in residential areas in Russia-mining Bitcoin messages

consultant of the Kremlin have proposed that the home crypto mining in Russia or in some of its regions should be banned. The declared motive for the proposal is the prevention of fires in residential buildings. Amateur mountain people were held responsible for high network loads that led to failures and power failures.

energy experts want to ban mining cryptocurrency in Russian houses

The energy committee of the State Council , a advisory committee of the Russian president, has recommended that to prohibit the form of digital currencies in residential areas. Their members believe that the measure will reduce the risk of fire, local media reported.

The idea is to completely ban the production of cryptocurrencies in apartment blocks and houses in the country or at least in parts of Russia with energy deficits. Among them are Moscow and the Moscow Oblast, the region adjacent to the Russian capital.

The crypto -related activity, which is an additional source of income for many ordinary Russians, especially in places with access to cheap electricity, has not yet been regulated. A Invoice A design tailored to it is currently being checked in the state duma, the lower house of the Russian parliament.

The energy experts also suggested that the Federal Government should give regional authorities to raise additional taxes on the digging of cryptocurrencies, the daily newspaper Izvestia revealed in a report and quoted the minutes of a meeting of the committee that took place in mid -December.

Anton Tkachev, member of the State Duma Committee for Information Policy, Information Technologies and Communication, considers the advance of prohibiting mining in residential areas and regions with an energy deficiency, as a logical step, since industrial mining companies are already consuming critical amounts of energy.

He also emphasized that energy security was an acute problem, especially for small cities with inadequate budgets to finance the proper repair and maintenance of energy systems and systems. As with private houses, there was also a risk that the mining machines cause fires, the legislator added.

The Russian Ministry of Energy, which supports the legal regulation of crypto mining, found that distribution networks in residential areas are not designed to do the overload due to too cope with coin in households, as Russian energy companies emphasize.

area irkutsk has become Russia's hotspot for home mining Residents benefit from some of the lowest electricity tariffs in the country that are subsidized for the population and set up crypto farms in cellars and garages. According to media reports, mining hardware was found in the places of 23 fires in the region in the first half of 2022.

Do you believe that the Russian authorities will ban the digging of cryptocurrencies in residential areas? Share your expectations in the comment area below.

lubomir Taskensev

lubomir Taskensev is a journalist from the technically experienced Eastern Europe, to the Hitchen's quote: "To be a writer is what I am and not what I do." In addition to crypto, Blockchain and fintech, international politics and business are two other sources of inspiration.


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