Russia’s Rosseti eyes Bitcoin mining to harness surplus energy and boost local growth

Rosseti, Russia’s state-owned electricity giant, is reportedly evaluating Bitcoin mining to enhance energy utilization in areas with surplus capacity, local news agency TASS reported. According to the report, the power grid operator plans to establish mining infrastructure in regions with low energy demand.

253 +

Russia’s Rosseti to launch crypto mining operations in low-demand areas

Rosseti, Russia’s largest energy provider, is taking a bold step by entering the crypto mining sector, aiming to repurpose idle power capacity to boost revenue and address economic challenges. The initiative comes amid Russia’s evolving approach to cryptocurrency regulation, signalling a shift in strategy as the nation seeks to modernise its economy and leverage untapped […]

187 +

Russian power grid titan eyes Bitcoin mining ventures

Rosseti's move into crypto mining could boost Russia's economy by utilizing excess power capacity, despite regional mining restrictions. The post Russian power grid titan eyes Bitcoin mining ventures appeared first on Crypto Briefing.

167 +

Russia to ban Bitcoin mining in select regions due to power shortages

The ban on Bitcoin mining in certain Russian regions highlights the tension between energy demands and the sustainability of crypto activities. The post Russia to ban Bitcoin mining in select regions due to power shortages appeared first on Crypto Briefing.

165 +

Bitcoin mining: Can Russia’s new plant solve energy issues for miners?

Russia is building a new power plant in Buryatia to support Bitcoin mining, addressing energy strain. Recent developments, including crypto mining legislation and a digital ruble pilot, highligThe post Bitcoin mining: Can Russia’s new plant solve energy issues for miners? appeared first on AMBCrypto.

225 +

Russia becomes 2nd most powerful BTC miner in the world

As of the end of the first quarter of 2023, Russia ranked as the world’s second most powerful Bitcoin (BTC) mining provider, according to the Moscow Times, citing data from Bitriver. During the first three months of the year, Russia generated one gigawatt (GW) of mining power, according to the Moscow Times report.

394 +

Ukraine Raised $212 Million In Crypto Since War Broke Out, Study Shows

The conflict between Ukraine and its invading power Russia has been raging on for a little over a year, with no end in sight. Both sides have been relying on every available resource to support their military and humanitarian activities, and it seems that crypto assets and technology have become the latest tools in their […]

293 +

Crypto Miners From US, EU Stay Put in Russia Despite War, Sanctions

The war in Ukraine may have undermined many Russian companies, but not mining facilities: clients from the West keep coming to the country for cheap power and reliable uptime.

325 +

BitRiver And Russian Oil Giant Team Up To Power Data Centers

The third-largest oil producer in Russia has joined forces with BitRiver, a bitcoin mining business based in Switzerland, to mine bitcoin utilizing spare resources. BitRiver will construct the digital infrastructure at the Russian oil fields of Gazpromneft as part of a new partnership.

355 +

Crypto Ukraine v Bankers Russia, Who Gone Win?

234 +

If Russia Invites Bitcoin Adoption, The Global Arms Race Will Begin

Recent pro-Bitcoin developments from Russia could put the Eastern power in a lead position as inflation grows. How will other powers react?

218 +

Russia considers using oil field by-products for 'hybrid modules' of Bitcoin mining

The exodus of Bitcoin miners from Chinese mining hotbeds has left a vacuum that many global players are scrambling to fill. It was recently noted that most of the lost hash power has been restored, thThe post Russia considers using oil field by-products for 'hybrid modules' of Bitcoin mining appeared first on AMBCrypto.

432 +

Crypto Miner Tariffs Proposed by Russian Minister of Energy Following Chinese Migration

Due to the recent bans on crypto mining in China, many have picked up shop and moved to Russia. This has caused significant power issues in those regions. The post Crypto Miner Tariffs Proposed by Russian Minister of Energy Following Chinese Migration appeared first on BeInCrypto.

284 +

Governor of Siberian region warns of possible power outages due to illegal mining

The governor of the Irkutsk region in Russia complained to the government about illegal miners. Because of them, power outages may begin in the region.

221 +

Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister

A Siberian region, which relies heavily on hydroelectric power and is known for its cheap electricity, also saw its energy consumption surging 159% due to an “avalanche” of crypto-mining. The post Russia Has No Plans to Ban Cryptocurrencies Unlike China, says Deputy Finance Minister first appeared on BitcoinExchangeGuide.

453 +

Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners

The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor.

277 +

Massive 70 MW Bitcoin Mining Rig Shipped to Russia

Big moves are happening within the bitcoin mining industry in Russia. An unnamed miner sent what seems to be the largest single batch of mining equipment to the country. Delivery Took Place at the End of 2020 According to Kommersant, the unknown miner shipped almost 20,000 devices on 14 trucks, which have a total power […]

470 +

Binance Pool Set to Scale Hashrate in Russia as Physical Node Gets Added by BitRiver

BitRiver, one of the leading BTC mining hosting provider, has added a Binance physical node to its data center based in Bratsk, Russia. The move will see Binance increase its hashrate power in the Central Asia region and Russia as the CZ led exchange looks to scale its footprint in crypto mining activities. This comes […]

677 +

Illegal Miners in Russia Stole $6.6M Worth of Electricity, Power Grid Firm Says

Electricity thieves built their own illicit power stations to connect hidden mining farms with the local energy grid, a state-owned provider says.

457 +

Putin Causes Russian Cabinet to Resign, Bitcoin Prices Spike

Russian President Vladimir Putin has triggered the resignation of his entire cabinet today, after laying out plans for Russia’s future political power balance. This political change has caused Bitcoin to begin trading at a premium on Russian exchanges.

249 +

A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners

A state-owned nuclear power plant in Russia may soon fuel a bitcoin mining hub.

340 +

Russia’s Power Grid Company Tests Blockchain for Power Meter Data

Russia’s national power grid company Rosseti is testing a system for electricity bill payments based on a distributed ledger by Waves.

299 +

Putin – this is serious! Real crypto will start to rise from Russia: exclusive

The Russian statement on the tokenization of strategically important metals, including palladium, platinum and gold, can play a decisive role in the development of the cryptocurrency market. In Russia, formally operates the form of government “republic”.

297 +

New Siberian Bitcoin Mining Farm is Russia’s Largest

BitRiver, the newly launched mining farm in Siberia, is now Russia’s largest bitcoin (BTC) mining facility. Mining billionaire Oleg Deripaska’s venture is already attracting large-scale clients, reports Bloomberg.

406 +

The Blockchain Chessboard OR How China, US, Russia, Europe Win Tomorrow

It is starting to look like China is going full blockchain with plans to issue a central bank stablecoin, presumably to regain power from WeChat et al which controls the... The post The Blockchain Chessboard OR How China, US, Russia, Europe Win Tomorrow appeared first on Trustnodes.

385 +

They steal! Did Bitcoin (BTC) take-off happens due to power thieves?

– If you want to express in a word what is being done in Russia, you should say: they steal! (Nikolai Karamzin, Russian historian of the 18th century) Now the words of the Russian historian can be attributed to Asia and Bitcoin.

294 +

Anti-Corruption Group Proves Crypto’s True Power: You Can’t Confiscate Math

Last week in Russia, state agents tore apart the offices of FBK, a privately funded anti-corruption foundation, freezing group assets and more than 100 bank accounts. Officials are using suspicion of money laundering as justification for targeting the largely bitcoin-funded group, possibly in a bid to quell their hand in upsetting Moscow politics.

389 +

From Booze to Bitcoin Mining – Why Violent Prohibition Is Always Harmful

Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region.

341 +

Booze and Bitcoin Mining – Why Violent Prohibition Is Always Harmful

Stories continue to emerge about newly discovered illegal mining operations being busted by state and corporate authorities. Just last week Iranian media reported the seizure of 177 Bitcoin mining units worth over $270,000 being smuggled via truck in the Arak region.

351 +

China, U.S and Hong Kong account for 70% of the world’s mining pools, report reveals

Mining pools have been the backbone of the crypto-ecosystem, owing to their inherited duty to fuel transactions and ensure immutable credibility. Given the power mining pools hold in the space, countries like China, U.

400 +

Power Grid Hacking Attacks in the US and Russia are Bound to Escalate

Our society lives in an era where hacking attacks are almost a part of daily life. It seems even the world’s biggest governments don’t shy away from exploring options in this regard. Power grids in both the US and Russia are being targeted once again.

296 +

Bank of Russia: We are Opposed to Crypto, But May Consider Gold-Backed Digi-Asset

According to local news publication TASS, the Bank of Russia will consider a gold-backed digital currency for use in international settlements. However, the institution remains opposed to truly decentralised crypto assets.

307 +

Iran’s First Ever Bitcoin ATM Unveiled in Tehran

On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.

529 +

Russian Lawmakers Approve Bill Seeking Increased Government Control on the Internet

A report published by ABC News on April 16, 2019, states that Russia’s lower chamber of parliament has passed a bill that gives more power to the Russian government over the country’s Internet traffic.

379 +

Trump Triggers Diplomacy for Secretive ‘Nuclear Alliance’ with Saudi Arabia

A document first witnessed by Reuters claims that U. S. companies have been given the go-ahead to sell nuclear power assistance and technology to Saudi Arabia. The U. S. has been in direct competition with countries like South Korea and Russia regarding a deal to sell and share information to and with the Saudi government.

267 +

India Just Triggered a Ballistic ‘Space Weapon’ and Pakistan Should Be Terrified

The escalating arms race between India and Pakistan reached a dangerous pinnacle on Wednesday as India deployed a ballistic space missile. Using an anti-satellite weapon dubbed ‘Mission Shakti’, India’s military forces successfully shot down a low-orbit satellite.

273 +

India Just Triggered a Ballistic “Space Weapon” and Pakistan Should Be Terrified

The escalating arms race between India and Pakistan reached a dangerous pinnacle on Wednesday as India deployed a ballistic space missile. Using an anti-satellite weapon dubbed ‘Mission Shakti’, India’s military forces successfully shot down a low-orbit satellite.

298 +

Smart grids are essential to prevent old power infrastructure from holding back the US economy

In March 2018, the FBI and Department of Homeland Security (DHS) released a report detailing how Russian operatives had launched a handful of attacks across segments of the US’s critical infrastructure, including the power grid.

261 +

Russia Studying Proposal for New and Better Crypto Regulations. Oil-backed Crypto May Be a Possibility

The Russian Duma (a division of the country’s legislative power) is studying the possibility of changing its political position on crypto; a decision that could be one of the most important resolutions regarding the adoption.

382 +

China’s moon landing could launch a new space race

China became the third country to land a probe on the Moon on January 2. But, more importantly, it became the first to do so on the far side of the moon — often called the dark side. The ability to land on the far side of the moon is a technical achievement in its own right, one that neither Russia nor the United States has pursued.

296 +

Russia to Buy Billions of Dollars Worth in BTC Next Month, Russian Economist Says

The Russian government is unwilling to allow the unilateral economic sanctions imposed by Donald Trump’s government to further affect its economy and may be considering a forceful measure to combat American power in this current diplomatic war.

383 +

You Got The Power: Heat Energy From 46,000 People Mines One Bitcoin

In the search for ever more environmentally and ethically friendly ways to mine Bitcoin, everyone has largely ignored perhaps the most obvious solution… until now. You Literally Got The Power It seems like every week there is a more outlandish piece of hyperbole, regarding the energy used to mine bitcoin.

375 +

Cryptocurrency Mining Could Crash The Entire Power Grid Of Abkhazia

The tiny Republic of Abkhazia has high hopes that cryptocurrency mining and operations could be its solution to economic woes. But the rickety ex-Soviet electricity network is already at capacity, leaving risks of blackouts if a cold snap hits.

320 +

Russia’s Tretyakov Gallery in Moscow to Trial Blockchain Art Patronage Project

Art is the expression of human creativity. It is appreciated, not only for beauty but also emotional power it might have attached. Works of Da Vinci and Van Gough continue to inspire and amaze generations of people.

342 +

Investments, Offshores, Foreign Trade – Russia Planning for Crypto

With regulations on the horizon, high-ranking officials in Russia have come up with ideas on how to harness cryptocurrencies when, hopefully, they are finally legalized. The need of finding ways to circumvent sanctions on several fronts seems to be the main incentive for the ingenuity in the corridors of power in Moscow.

320 +