2025-12-09 11:26:17

Russia’s mining scene is about to change dramatically. Although mining hasn’t been illegal for a while, less than 30% of mining companies have actually registered or filed with authorities. The rest are either mining with stolen electricity or don’t even realize they’re supposed to register. Now, Deputy Prime Minister Alexander Novak has made it clear: next year, things are getting serious—illegal mining using stolen electricity will lead directly to criminal charges, and other violations won’t escape administrative penalties.

In short, the whole digital currency circulation sector is about to come under strict regulation. Unregistered mining farms are probably getting nervous, especially since some regions already have electricity shortages and have started banning mining altogether. This time it’s no joke; from legislation to enforcement, everything is getting stricter. The days of wild, unchecked growth are likely coming to an end.

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PortfolioAlert

· 12-11 20:21

This wave of Russia really means business. Those mining operators stealing electricity are probably going to get into trouble. Is stealing electricity for mining now a criminal offense? The era of wild growth is finally over. Registration and filing are less than 30%. A lot of people are waiting to be investigated. This round of law enforcement will probably take six months to organize. Wait, will Russia's mining ban really affect the global hash rate distribution? It seems BTC difficulty is about to adjust. Mining farms without registration should hurry up and find a solution, or prepare to run. From legislation to enforcement, it's becoming stricter. This is true regulatory implementation; all previous efforts were just bluff. Mining costs are going to rise again. Small miners are having an increasingly tough time.

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MEVEye

· 12-09 11:55

Electricity theft will now be directly prosecuted as a criminal offense—this time Russia is really getting tough. Those sneaky mining farms need to wake up: either become legitimate or get out of the game. Still getting fined during a bear market—how can anyone do business like this... The era of wild growth is over; the era of regulation has arrived. Seventy percent unregistered? That number seems pretty inflated.

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Ser_Liquidated

· 12-09 11:52

Russian miners need to wake up—the days of stealing electricity are really over. --- Stealing electricity leads directly to criminal charges? This time it's really tough, unlike those previous empty threats. --- 70% haven't registered? That number is a bit outrageous, feels like a lot are going to get wiped out. --- Another country is tightening up, the golden age of mining is over. --- A mining ban wave is coming, mining machine prices are going to plummet. --- Now those electricity-stealing mining farms really need to seriously consider pivoting. --- Feels like the whole world is guarding against crypto, this move by Russia is pretty tough. --- If you haven't registered, better clean up your act quickly, or else you're really going to be in trouble.

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DataChief

· 12-09 11:39

Now those electricity-stealing guys in Russia must be really panicking—Novak is serious this time. That’s really how mining works: the compliant ones are always the minority, most are operating in gray areas. With a registration rate of less than 30%, it shows how chaotic this space is. Now the net is being pulled in. If you ask me, this should have been regulated a long time ago, otherwise these people would eat up all the electricity bills. The era of wild growth is over; the next stage will be the real test. A mining ban plus criminal liability—this time it’s really tough. We’ll have to see how it’s enforced. I’m a bit curious how many electricity thieves Russia can actually catch. Feels like it’s not a small number.

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