The Russian government announced on 12/24 that starting from 1/1/2025, a 6-year comprehensive Bit mining ban will be implemented in 10 domestic regions, while also imposing winter Bit mining power rationing policies in certain areas to avoid energy shortages.
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ToggleComprehensive Bit mining ban in ten regions, affecting individuals and mining pools
According to local media reports, from 1/1/2025 to 3/15/2031, a total of 6 years, 10 regions within Russia, including Dagestan, Ingushetia, Chechnya, and the Luhansk People's Republic, will implement a comprehensive Bit mining ban, affecting both individual Bit mining and mining pool operations.
Winter is the peak energy consumption period for Russia, so the Russian government is also implementing seasonal restrictions on key domestic Bit mining regions, such as Irkutsk, Buryatia, and Trans-Baikal, to prevent local power grids from being overburdened.
Policy adjustments impact, Irkutsk, a major Bit mining hub, under scrutiny
Irkutsk is a key region for Bit mining in Russia, known for its low electricity prices, which has attracted large mining operators like BitRiver to set up data centers there. The Russian government originally planned to include Irkutsk in the mining ban, but ultimately modified it to implement seasonal restrictions, flexibly reserving some mining space. BitRiver has not yet commented on the specific impact of this policy.
New Bit mining ban extends policy spirit, ensuring energy stability
This Bit mining ban is an extension and refinement of the Bit mining laws signed by Russian President Putin in August and October of this year, which emphasize maintaining energy supply stability while reserving some mining business space. The policy's impact on the Bit currency industry and the local economy requires further observation.
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