Russia expands crypto mining ban to Moscow, affecting 17% of global hash rate
Russia extends its crypto mining ban to Moscow and nearby regions. ⚡ The restriction covers areas with 17% of global Bitcoin hash rate, effective from August 15. Recent bans impacted about 50,000 Russian miners, driving capacity to the US and Central Asia. $BTC network faces lower mining difficulty, benefiting efficient miners worldwide.
Russia extends its crypto mining ban to Moscow and nearby regions. ⚡ The restriction covers areas with 17% of global Bitcoin hash rate, effective from August 15. Recent bans impacted about 50,000 Russian miners, driving capacity to the US and Central Asia. $BTC network faces lower mining difficulty, benefiting efficient miners worldwide.
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Russia's expansion of its crypto mining ban to Moscow, affecting 17% of the global Bitcoin hash rate, could lead to reduced mining activity and bearish sentiment in the Bitcoin market.
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