CandleFocus Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining
2024-09-07
Author: Content Editor
The Russian Ministry of Energy has stated that it will prioritize using its energy for social development initiatives instead of Bitcoin mining. Energy Minister Sergei Tsivilev explained that surplus energy from power plants could be supplied to legally registered miners operating outside the "gray" zone. While experts believe that Russia could become a major player in Bitcoin mining, the government wants to focus on supporting the country's social development and industry. Miners must be registered legally and pay taxes to be eligible for the surplus energy.
Related News
XRP Whales Resume Dumping Amid SEC Appeal Woes, Is $0.50 Next? Roblox will allow devs to skip Robux and charge players in fiat money Mike Novogratz's Galaxy Digital Sells $89 Million in Bitcoin, Community Stunned Tether uses gold to back new synthetic dollar as gold is less volatile than Bitcoin, says Paolo Ardoino Switzerland’s Fourth Largest Bank Announces Its Involvement in the Cryptocurrency Market – Here are the Details Bitcoin Price Reversal Confirmed? This 100% Accurate Indicator Says Yes PEPE Faces Key Support Test At $0.00000589 – Will Bulls Hold The Line? $XZK Soars 96.7%, Leading Crypto Gainers on September 7 Break or Bounce: Solana (SOL) Price Faces Critical Test Biggest Altcoin Gainers of the First Week of September 2024 Cardano (ADA) Bulls Aim for $70 Million Move Ahead of Potential Rally Meta AI builds ideal portfolio for the 2024 crypto bull run IOTA News: Introducing Two New Bonds with IOLend and RustyRobot – Exciting Opportunities Ahead AAVE Crypto Surges 10% As Investors Hold Strong: What Next? POPCAT Price Reaches Key Support As Struggle Continues Ethereum Price Could Sink to $1,500, Here’s Why TRON Price Rebounds As Market Shows Signs of Bullish Momentum; Is $0.3 The Next Stop? Analyst says Bitcoin’s 2024 ‘capitulation is not over’, sets new bearish targets XRP News: Top Crypto Founder Claims XRP Can Become “World Money” Ethereum Price Analysis: Critical Technical Warning Flashes for ETH as $2.1K Seems Imminent Top 5 Crypto Losers of the Week: September 2024 Ethereum NFT Project Sends DECENTRALIZED to Satoshi, Token Plunges 25% Upton Finance Partners with CryptoPia to Enhance DeFi and GameFi on Telegram XRP Prediction for September 7 Brace for Bitcoin’s Fall: Analyst’ Strategies as $44K Collapse Looms Ethereum (ETH) Could Soon Say Goodbye to the Bull Market Manipulation alert on Donald Trump vs. Kamala Harris prediction market Starknet enjoys 11% surge, decouples from altcoin downturn Thoma Bravo founder says firm permanently exits crypto post-FTX fiasco Is XRP price quietly setting up for a rally toward $1? Solana (SOL) Might Drop to $90, per This Market Prediction Polkadot Eyes Upside After Correction: Key Resistance Targets to Watch XRP Price Facing Major Problem NFT Sales Slip 7.69% in Early September as Digital Collectible Market Adjusts Bitcoin Hashrate Hits Record High as Prices Drop Below $55K Roaring Kitty returns with cryptic X post, Solana-based CHEWY memecoin soars 28% Will XRP Price Bounce Back Stronger After Whale Activity? Michael Saylor Reacts to BTC Price Drop With Urgent Warning Users Slam NFT Marketplace Magic Eden After Domain Changes Top 3 Artificial Intelligence (AI) Coins of the First Week of September 2024 Extreme Fear Grips BNB Traders as Price Fights to Break $500 Barrier Key Fed Statement Rocks Markets, Crypto Awaits Reaction Polygon Price Prediction: Is POL Migration Enough For MATIC Recovery Rally? El Salvador marks 3 years of Bitcoin adoption with $31M profit Cardano (ADA) Just Hit All Time High in Daily Trades Here’s the Only Reason Shiba Inu Cannot Surge to $1, $0.01, or $0.001 Trader Forecasts 20% Bitcoin Fall, Updates Outlook on Solana Rival That ‘Still Looks Good’ and One More Altcoin XRP vs Solana: Where Should You Invest? Analyst Says Top Ethereum Competitor To Plunge by Over 36% Before Bouncing Higher, Updates Outlook on Bitcoin Stablecoin Economy Expands $1.08B in 2 Weeks Despite Reductions in Key Coins September Crypto Crash Wipes Out $170B, Bitcoin and Ethereum Take the Biggest Hit Peter Brandt Clashes With Peter Schiff Over BTC/Gold Debate Dogecoin (DOGE) Skyrockets 87% in Trading Volume Crypto Market Crash: Here's Why BTC, ETH, And Other Altcoins Are Falling Crypto Market Crash: Why BTC, ETH, BNB, XRP Prices Are Plunging Shiba Inu to Surge 7,167% to $0.00094035 if Ethereum Hits $166K as Predicted by Ark Invest ‘Bitcoin Surge Is Close’: Crypto Analyst Michaël van de Poppe Says BTC Primed for a Massive Rally – Here’s Why Cardano Founder Congratulates Cardano for This New Achievement XRP Fair Market Value Stands at $4,813, Per Athey and Mitchnick Model Will Cryptocurrencies Take the Throne of the Dollar? BNY Mellon CEO Speaks Is Bitcoin Price Correction Over After $300M Liquidations & Worrying US Jobs Data? Elon Musk lost his power? Posts about DOGE, nothing happens Here’s XRP Price if Bitcoin Market Cap Hits $61 Trillion Bitcoin and Ethereum ETFs Record Weekly Outflows of $706M as Investor Caution Rises Sub $50K Bitcoin correction remains in play as whales look to sell BTC 3 cryptocurrencies to avoid trading next week Shiba Inu Burn Rate Spikes 1,664% as Single Wallet Destroys 250M SHIB Bitcoin Holds Above $53,000 And Shows A Positive Trend Power Law Analysis Predicts XRP to Surge 9,355% to $50 in Months Crypto Whales Bought These Altcoins in the First Week of September 2024 Will Cardano Hold $0.30 For Recovery? Serial Entrepreneur: Digital Ecosystem Favors Data Distributors Over Creators Bitcoin Prices Plunge Below $53,000 As Multiple Factors Fuel Losses Russia to Prioritize Supplying Energy for Social Development Over Bitcoin Mining First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation Coinbase Stock Slips As Court Sides With US SEC In Document Seal Best ERC-20 Tokens in 2024: How USDT, USDC, stETH, LINK, and UNI Shape the Crypto Market Just-In: Bybit and Binance Receives Full Regulatory Nod in Kazakhstan Alchemy Pay price prediction 2024-2030: Is ACH a good investment? AI-Crypto Market Cap Plummets $7B: Dip or Death Knell? BONK Price Defies Bears with 4% Surge, Open Interest Signals Massive Rally Why Has Bitcoin Been Bearish Lately? CryptoQuant Head Chimes In 10 Prominent zkSync Era-Based Protocols in Terms of Total Value Locked Top 5 XRP Holders Shaping the Market: Who Holds the Most Power? Solana (SOL) 180-Day Consolidation Set to Break: Massive Rally Just Around the Corner? Bitcoin bears base $40K prediction on 'self induced fear' — Samson Mow How Might Donald Trump's Crypto Token Fit Into Regulations? Projected Timelines for XRP 44,463% Rise to $250 and 62,288% Rise to $350 Vitalik Buterin Pledges L2 Tokens to Support Public Goods in the Ethereum Ecosystem CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days Why Crypto Market is Down Today? Fear and Greed Index Signals Extreme Caution Marlin Partners With U2DPN to Enhance Decentralized VPN Security and Scalability