Russian President warns of power shortages due to cryptocurrency mining, consuming 1.5% of total electricity.

Russian President Vladimir Putin has warned about the risks of cryptocurrency mining in Russia, stating that it could lead to regional power shortages as it consumes almost 1.5% of the country's total electricity. Russia is one of the world's top cryptocurrency miners, with the Kremlin sceptical of the unregulated industry.

July 17, 2024
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