Market
First region to report decreased energy consumption due to crypto ban by June 30, 2025?
2
Resolution / Starting Odds
Dagestan • 13%
Chechnya • 13%
Donetsk People's Republic • 13%
Other • 63%
Reports from regional energy companies or news outlets
Story
Russia Bans Cryptocurrency Mining in 10 Regions, Including Dagestan and Chechnya, from January 1, 2025, Until March 15, 2031
Dec 24, 2024, 10:17 AM
The Russian government has approved a ban on cryptocurrency mining in ten regions, effective from January 1, 2025, until March 15, 2031. This decision aims to address energy consumption concerns, particularly in regions experiencing high demand. The affected areas include Dagestan, Ingushetia, Kabardino-Balkaria, Karachay-Cherkessia, North Ossetia, Chechnya, and the self-proclaimed Donetsk and Luhansk People's Republics, as well as parts of Zaporizhia and Kherson. The ban follows the recent legalization of cryptocurrency mining in July 2024, highlighting the government's ongoing struggle to balance energy needs with industrial demands. Seasonal restrictions will also be implemented in major mining areas to prevent power outages.
View original story
Similar markets
Asia • 25%
North America • 25%
Europe • 25%
Other • 25%
New York • 33%
Michigan • 33%
Wisconsin • 33%
Asia • 25%
Other • 25%
European Union • 25%
United States • 25%
North America • 25%
Asia • 25%
Europe • 25%
Other • 25%
None • 25%
Asia • 25%
US • 25%
EU • 25%
Coal • 25%
Renewable Energy • 25%
Nuclear • 25%
Natural Gas • 25%
China • 25%
United States • 25%
Russia • 25%
European Union • 25%
Lviv • 25%
Kharkiv • 25%
Other • 25%
Kyiv • 25%
No • 50%
Yes • 50%
Nuclear energy • 25%
Other • 25%
Fossil fuels • 25%
Renewable energy • 25%
Sumy • 17%
Kirovohrad • 17%
Kharkiv • 17%
Zaporizhzhia • 17%
Poltava • 17%
Dnipropetrovsk • 17%