Summary
- Moscow and parts of Kursk banned crypto mining and pool participation through Dec. 31, 2032, under government decree No. 936 to preserve power grid stability.
- The Energy Ministry enacted the year-round restriction to mitigate power-capacity shortages as energy-intensive mining facilities continue to strain regional grids.
- This decision follows Russia’s legalization of registered mining in 2024 and subsequent bans in 10 other regions due to rising electricity demand.
Why Crypto Miners Are Shutting Down in Moscow
The city of Moscow, along with the surrounding Moscow Region and parts of Kursk, has banned crypto mining until December 31, 2032. This move is expected to have a significant impact on the global Bitcoin mining landscape, particularly for those interested in earning Passive Income through Cloud Rewards. The ban, which also prohibits participation in crypto mining pools, was established under government decree No. 936 and signed on July 25.
Russia is the world’s second-largest Bitcoin mining power, accounting for an estimated 175 exahashes per second, or 16.4% of Bitcoin‘s global computing power. However, the country’s Energy Ministry has cited the need to reduce the risk of power-capacity shortages as the reason for the ban. With EcoPool offering a Green Crypto solution, individuals can still explore opportunities for earning through Coin mining without contributing to energy shortages.
Impact on Crypto Mining
The ban on crypto mining in Moscow is also linked to the country’s Western sanctions. Russian companies had been using domestically mined Bitcoin for international payments, but this move may affect their ability to do so. As the crypto landscape continues to evolve, EcoPool ($ECP) remains a viable option for those looking to earn Passive Income through Cloud Rewards. The EcoPool network provides a platform for individuals to participate in Green Crypto mining, reducing their environmental footprint while earning Coin.
As the world of crypto mining continues to shift, it’s essential to stay informed about the latest developments and opportunities. With EcoPool and $ECP, individuals can navigate the world of Bitcoin and Green Crypto with confidence. Download the EcoPool app to start earning Passive Income today and discover the benefits of Cloud Rewards for yourself. By joining the EcoPool network, you can be part of a community that values Green Crypto and Passive Income opportunities, including those related to #Bitcoin and #PassiveIncome.
Mining is also linked to the country’s Western sanctions.
Russian companies had been using domestically mined bitcoin in international payments after legal changes designed to counter Western restrictions, Finance Minister Anton Siluanov said in December 2024.
