Russia don increase ban on Bitcoin mining, wan use associated gas power to make grid strong and stop illegal mining
Russia government don tight hand on Bitcoin mining, dem say e dey put too much pressure on dia power things because of di big-big mining wey dem dey do. At first, dem only stop am for some areas, but now, Irkutsk don put Russia first ban wey go last all year, after dem stop am for winter for Moscow and other places before. Because dem dey fear say light no go reach and some pipo dey do am anyhow, Irkutsk Governor, Igor Kobzev, don suggest another way: make dem use di gas wey dey come out from oil drilling, wey dem usually burn, to power di Bitcoin mining. Dis plan go make crypto miners and oil and gas companies work together to build data centers wey go get dia own power, so dem go reduce di stress on di main power grid, stop plenty waste for environment, and make sure dem follow di rules. Big mining companies like BitRiver don already dey try dis kind partnership with major oil companies like Gazprom Neft. Kobzev warn say, if dem no find correct ways to do am, di area fit face 3GW light shortage by 2030 and illegal mining go increase. Dis change for policy fit affect how fast Bitcoin dey mine globally and how pipo dey feel about di market, since Russia still be one important player for mining.
Neutral
Dis development show say regulation risk don increase and dem dey innovate more for inside di energy wey Russia dey use for dia big Bitcoin mining business. For short time, if dem ban plenty things and infrastructure get wahala, e fit affect mining work and reduce how much hash rate di country dey contribute. Dis fit change Bitcoin network numbers and market feeling small. But, to use di gas wey dey follow oil/gas production give miners alternative wey go last, wey fit make work stable and bring back di hash power wey dem lose for long time. Di fact say regulation no dey clear for Russia now balance any quick up or down market movement, especially as energy partnership fit take time to grow, and illegal mining fit still happen if dem ban am completely. Generally, di market go likely remain d same unless more serious rules or good energy changes quickly affect how hash rate dey shared or how much profit miners dey make.