Russian authorities are set to ban cryptocurrency mining in data centers to enhance the country's capabilities in big data and artificial intelligence. The new draft law is already in progress.
Objectives of Mining Ban in Data Centers
The ban on cryptocurrency mining in data centers is motivated by the need to prevent the exploitation of beneficial electricity intended for AI development and data storage. This measure aims to support further digital advancements in Russia.
Amendments to the Data Center Law
The draft law includes modifications that designate data centers as communication facilities. These entities will not be allowed to have mining infrastructure or engage in mining activities. The State Duma is expected to vote on these amendments by the end of this month.
Impact on Mining and Data Center Industry
Many data center operators have mining hardware, and the new prohibition may lead to financial losses for these companies. The future will reveal how these measures develop and their overall effect on the industry.
The ban on mining in data centers in Russia reflects an effort to optimize the use of the country's resources amid the growing demand for computing power. The implications of these measures for the cryptocurrency and data center markets require further examination.
