💨 Abstract

Russia has imposed a ban on cryptocurrency mining in several Siberian regions during the winter to prevent power shortages, and has also restricted it in annexed areas of Ukraine due to power shortages caused by infrastructure damage. The ban affects regions near Lake Baikal, where mining has been popular due to cheap electricity from hydropower plants. Cryptocurrency mining in Russia consumes around 1.5%

Courtesy: theprint.in

Summarized by Einstein Beta 🤖