#russia mining regulation

An electrified pick axe with a gauge on it. Red cave looking background. How to boost mining power? Russia's Tech savvy make a move.

Power Stations Being Purchased in Russia by Private Investors for Cryptocurrency Mining

January 16, 2018 by Priyeshu Garg at Bitcoin, Business, Finance, Mining, News, Regulation, Tech

The process of mining cryptocurrencies takes a lot of energy for the high-powered computers to complete the algorithms associated with approving transactions through the blockchain. Moving Public Crypto Mining, Private These expenses are why there have been two electric power stations sold in Russia to private investors for the process...

Putin Requests Russian Government to Regulate Bitcoin Mining by Mid-2018

October 30, 2017 by Joseph Young at Bitcoin, Mining, News, Regulation

According to a series of orders translated by Motherboard, Russian President Vladimir Putin has tasked the Russian government to introduce regulatory frameworks around bitcoin and cryptocurrencies by mid-2018. Specifically, Putin requested the impose a licensing program for cryptocurrency miners, requiring them to register with the government within the next 12...