Russia wants to stop the mining of Bitcoin, making it illegal for Bitcoin to be mined in residential spaces, basically due to high electricity consumption, the heat it generates and the risk of fire.

It seems like an attack on the Bitcoin waterline from all possible flanks and is that according to Russia Today, the Russian authorities would be considering the possibility of prohibiting mining [amazon_textlink asin = 'B0088IG0UA' text = 'Bitcoin' template = ' ProductLink 'store =' hardwa028-21 ′ marketplace = 'ES' link_id = '21e60672-9219-11e7-a2ea-9dc60caffc86 ′] [amazon_textlink asin =' B0088IG0UA 'text =' Bitcoin 'template =' ProductLink 'store =' hardwa028- 21 ′ marketplace = 'ES' link_id = '22384456-9219-11e7-afc1-8de8c681c1e7 ′] in residential spaces. This is not firm at all, as it will have to be discussed in the Internet Presidential Council. The President of the Information Democracy Foundation, Ilya Massukh, wants to propose that mining be prohibited in residential spaces, since these are not suitable for mining tasks. Above all, it is argued that mining generates a lot of heat and can cause fires, which makes sense.

Massukh also commented that 'It is unlikely that the electrical networks in blocks of houses support such consumption; ventilation systems are not capable of handling the heat generated, either. This could start a fire. ' Russia, through the Ministry of Finance, also wants to keep Bitcoin away from the general public, allowing only investors who have knowledge to buy and sell Bitcoin through exchanges, so that the general public, with little knowledge, can end up losing large sums of money.

We must highlight that the Russian Ministry of Finance drafted a bill that would punish the adoption of Bitcoin and the mining of this cryptocurrency with up to seven years in prison, but nothing else was known. At the same time, it should be noted Vladimir Putin is trying to get one hundred million dollars in an ICO to finance a mining macroproject within Russia, since among other things, electricity in the country is much cheaper than in China, which would make mining more profitable and Russia would make money and who knows what else.