Russian miners keep running, may see pivot to Bitcoin in response to sanctions

by Aurelia Butler 25 February 2022, 04:00 199 Views

According to estimates from the Cambridge Bitcoin Electricity Consumption index, miners in Russia accounted for around 11.2% of the global BTC hash rate as of August 2021. With sanctions on the Russian government coming from the U.S. and allied NATO nations, it is unclear how the local BTC sector and the broader market will be impacted.

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Source: Cryptocurrency - investing.com

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Russian miners keep running, may see pivot to Bitcoin in response to sanctions

China's property market expected to rebound this year

How will Russia’s invasion of Ukraine hit the global economy?

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