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Monday, September 4, 2017

Russia May Ban Bitcoin Mining In Residential Homes Over Electricity Costs, Heating

Russia May Ban Bitcoin Mining In Residential Homes Over Electricity Costs, Heating

Russia is considering a ban on Bitcoin mining in private homes, despite electricity companies holding talks on giving miners spare capacity.

According to Russia Today and local news outlet RIA Novosti, the governmental Informational Democracy Fund will recommend banning participation in mining pools from private addresses at an upcoming meeting of a working group on Internet growth.

“Anything [mining-related] that continues inside the country is a waste of electricity,” RIA quotesthe Fund’s president Ilya Massukh as saying.

“It’s somewhat doubtful in terms of efficiency for the Russian economy.”


Full story at http://bit.ly/2wAAozw


Source: CoinTelegraph


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