News Snapshot:
The Russian Ministry of Energy is looking to introduce special electricity tariffs for cryptocurrency miners following a migration of the industry into the country from nearby China. Russian Energy Minister Nikolai Shulginov announced Wednesday that the authority is working on a new framework to differentiate tariffs between general usage and cryptocurrency mining, local news agency RBC reported on Wednesday. Shulginov said that cryptocurrency miners in Russia should not consume electricity at residential tariffs, stating: “We can’t let miners capitalize on the situation at the expense of low residential electricity tariffs […] In order to maintain the reliability and quality of...
