Vladimir Putin Warns of Energy Crisis Due to Surge in Bitcoin Mining in Russia

Russian President Vladimir Putin has raised alarms regarding a looming energy crisis attributed to the surging growth of bitcoin mining activities within Russia. He emphasized that bitcoin mining now accounts for approximately 1.5% of Russia’s entire electricity consumption, equating to an astounding 16 billion kilowatt-hours annually. Particularly affected are regions such as Irkutsk, Buryatia, and

Source: CoinOtag