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Benzinga
Benzinga
Business
Navdeep Yadav

Russia Estimates That Bitcoin, Ethereum, Crypto Mining Consumes 2% Of Total Electricity

Mining Crypto Electricity Russia Bitcoin Ethereum Dogecoin

A recent government estimate shows that nearly 2% of the total electricity consumption in Russia goes into crypto mining.

What Happened: According to a CoinTelegraph report, Vasily Shpak, the Russian deputy minister for trade and industry, called for bringing the cryptocurrency mining industry under the purview of the law. 

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