Russia Imposes Energy Consumption Limit for Individual Miners

The Russian government has set requirements for miners and infrastructure operators involved in the extraction of digital assets, as reported by Interfax.

The monthly energy consumption limit for individual miners without sole proprietorship status is 6000 kWh. Exceeding this limit necessitates registration as a sole proprietor to be included in the registry.

Entities may be removed from the registry if false information is discovered, if there are repeated violations of anti-money laundering laws, or if there is non-compliance with electricity consumption regulations in areas where cryptocurrency mining is prohibited.

Miners are required to provide the FTS with information on the volume of digital assets received and the address to which they are credited.

The government has also signed decrees approving rules for imposing bans on cryptocurrency mining. Restrictions may be introduced for a certain period if there are risks of electricity shortages. The decision is made by the cabinet.

On November 1, a provision for creating a registry of miners came into effect in Russia. Basic regulation of cryptocurrency mining in the country was adopted in July. ForkLog examined its impact on the industry in a separate article.

Additional amendments outline the government’s authority to restrict mining in certain areas.

Earlier, the Russian Ministry of Energy identified regions for potential cryptocurrency mining bans.