Russia's Energy Ministry

Seven Years Dark: Inside Moscow’s Bitcoin Mining Shutdown

Moscow has banned cryptocurrency mining, including participation in mining pools, until December 31, 2032, citing the need to prevent power-capacity shortfalls. This decision impacts a significant portion of Bitcoin's global hashrate originating from Russia. The ban occurs amidst discussions of using domestically mined Bitcoin for international payments to circumvent Western sanctions, a move previously targeted by U.S. sanctions against firms like BitRiver.