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In Bitcoin mining, the US has overtaken China to become the top – Breaking News

In Russia, lower energy costs allowed some companies to take advantage of soaring Bitcoin prices earlier this year. But concerns about illegal mining in the country are growing.

In a letter to the government in Moscow at the end of September, Russia’s governor of the Irkutsk region, Igor Kobzev, made the underground mining of cryptocurrencies responsible and referred to the “avalanche growth” in energy consumption.

“The situation is made worse by the mining ban imposed by the Chinese authorities and the transportation of a significant amount of equipment to the Irkutsk region,” Kobzev said in a letter from Vedomosti newspaper.

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