Crypto Miners Account for 2% of Total Electricity Usage in Russia

  • Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate.
  • The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia fell out of the top three in the global Bitcoin mining hash rate share.
  • The calls for regulating the crypto mining industry come just days after legislators in the country introduced an updated version of the crypto mining bill.