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The Kremlin expressed concern about the development of mining in the country

The Kremlin expressed concern about the development of mining in the country

HappyCoinNewsHappyCoinNews2024/11/14 00:55
By:HappyCoinNews

The Kremlin expressed concern that the rapid development of mining in the country could lead to a significant energy deficit in the economy in 5-10 years.

About it said Deputy Chief of Staff of the Presidential Administration of the Russian Federation Maxim Oreshkin at the Sberbank conference "FI day. Blockchain: on the threshold of the financial era." According to the official, there are currently no problems with the utilization of electrical energy in industry, while individual components of the national energy system have begun to experience energy shortages due to mining.

He emphasized that in the next 5-10 years, due to the growth of mining capacities, the Russian economy will face an extremely serious issue of electricity shortages.

According to the Deputy Chairman of the Kremlin Administration, it is necessary to work out the issue of whether it is possible in the future to create capacities at a price that would be competitive for companies engaged in cryptocurrency mining.

In other words, the official said that mining is generally useful, but in the medium term it could do more harm to the national energy system than good.

Perhaps by that time a solution will be found that will suit everyone, both miners and energy market operators, especially since the authorities expect to receive multi-billion dollar revenues from mining for the budget.

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