Putin just admitted to the world that he is a massive cuck that doesn't understand anything about technology, finance. He lost the war, has no electricity and can't even mine a bitcoin. WHAT A FUCKING RETARD!!!! Russians will all gobble the Ruble ₽ CBDC because they are all brainwashed sheep just like Putler
President Vladimir Putin warned on Wednesday that unregulated cryptocurrency mining risks overloading Russia’s electrical grid and causing widespread power outages.
“An uncontrolled increase in electricity consumption for mining cryptocurrencies can lead to power shortages in certain regions,” Putin told senior government officials at a meeting focused on the economy.
Russia’s Energy Ministry estimates that crypto mining consumes on average 16 billion kilowatt-hours per year — or almost 1.5% of Russia’s total electricity consumption.
“The figure continues to go up,” Putin said, listing the relatively cheap cost of electricity in Russia and access to equipment as some of the factors leading to an increase in crypto mining.
Despite its restrictive laws on cryptocurrencies, Russia was the world’s second-largest crypto mining country after the United States in 2023. The previous leaders, China and Kazakhstan, have restricted crypto mining activities in recent years.
It's totally not all the drones exploding at the oil refineries causing this, DOn"T LOOK OVER THERE!!! LOOK OVER HERE!!
Do you need internet service in order to use Bitcoin? No. Do you need power from the grid? No. The idea of “off-grid” Bitcoin usage is one that encompasses many different rabbit holes which we’ll be exploring. This article is an attempt to answer a hypothetical question and to show that there are already different options to send bitcoin which don’t depend on the internet or power grid.
Bitcoin is apocalypse-resistant money. This is a result of the many different resources, ideas and accomplishments that hardworking and innovative Bitcoiners have made.
Originally posted by the man who put it in my hood
just design the coins to use 1/100th of the electricity, problem solved. THe US Government can stop developing power grid software to detect bitcoin mining farms "unfairly using the grid" now
