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autotldr Bot ,

This is the best summary I could come up with:

Russia could face electricity disruptions if the government doesn’t get crypto mining under control, Russian President Vladimir Putin said on Wednesday.

Crypto is often used by Russians who live abroad to bypass Western sanctions which prevent them from accessing normal banking services.

“I have already given instructions to regulate the mining of digital currencies in Russia, including issues of taxation of this activity and tariff decisions.”

New enterprises and residential districts will face electricity shortages if cryptocurrency mining farms take over all the free energy capacity, and investment projects will be put on pause, Putin added, per Ria news agency.

His claim came the same day Russia was forced to introduce electricity cutoffs in several regions due to a glitch at the Rostov nuclear power plant.

Crypto mining is extremely energy-intensive, causing electricity supply challenges even in energy giants like Russia and the United States.

The original article contains 290 words, the summary contains 145 words. Saved 50%. I’m a bot and I’m open source!

jeena ,
@jeena@piefed.jeena.net avatar

He is probably right.

FartsWithAnAccent ,
@FartsWithAnAccent@lemmy.world avatar

Maybe he should conserve Russia’s energy and get the fuck out of Ukraine.

bob_lemon ,

Finally a good use for crypto.

Blizzard ,

Russia urgently needs money so they are introducing another tax. And if Ukraine keeps hitting their power grid leaving them literally powerless, Putin can lie that it’s because of crypto miners.

macrocephalic ,

Russia are a huge exporter of fuels used for energy production though.

Shard ,

I’m so conflicted. The Russian government can eat a bag of dicks but at the same time crypto is a useless drain on our limited stores of fusil fuel.

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