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Russia holds 16% of the global hash rate: natural resources, low costs, and clear regulations drive the industry.
Russia is emerging as one of the major players in the global Bitcoin mining landscape. With abundant natural resources, competitive energy costs, favorable climate conditions, robust energy infrastructure, and a defined regulatory framework, the country is solidifying its position as the second-largest player in the industry, following the United States.
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However, there are certain restrictions, including regional bans in areas with energy shortages and a temporary ban from 2025 to 2031 in Dagestan, Ingushetia, Chechnya, and the self-proclaimed republics of Donetsk and Lugansk, as well as other partially occupied Ukrainian regions such as Zaporizhzhia and Kherson.
So: no mining in places where Putin is afraid of capital flight? Or the financial empowerment of people w/ questionable loyalty?
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