Crypto Mining In Russia: Putin Warns Of Potential Energy Catastrophe

Russian President Vladimir Putin has cautioned of an impending energy problem brought about by the unbridled growth of bitcoin mining in his nation. Emphasizing the enormous power consumption of mining activities, Putin said that these operations account for about 1.5% of Russia’s overall electricity consumption. This translates to a whopping 16 billion kilowatt-hours yearly. The […] source: https://bitcoinist.com/crypto-mining-in-russia-putin-warns-of-potential-energy-catastrophe/