Russian officials propose building dedicated power plants for cryptocurrency mining to address the issue of uncontrolled energy use
News on February 18th, Aisen Nikolaev, the chairman of the Russian State Council Energy Committee, proposed a plan to establish a dedicated power station for cryptocurrency mining activities. This power station will specifically serve the cryptocurrency miner community and will not be connected to the public grid.
Nikolaev stated that the State Council Energy Committee is communicating with the Ministry of Energy about issues related to cryptocurrency mining. He believes that innovative solutions will emerge in the near future, enabling Moscow to develop its cryptocurrency mining business while protecting public interests. It is reported that electricity consumption for mining in some parts of Russia has become "out of control", leading to capacity shortages and affecting supply quality for residents and businesses.
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