Russia is now planning to explicitly include illegal mining in criminal law, which makes me feel like mining is no longer considered a fringe industry.

In the past, many places implicitly tolerated mining as long as it wasn't too high-profile, and they generally didn't enforce strict regulations because the scale wasn't as large as it is now.
But now, things are different.
The Russian government’s own data indicates that approximately 50k entities are involved in mining, but only 1,489 are officially registered.
This means that the vast majority of mining farms have always operated outside regulatory oversight.
The problem is, mining farms are not ordinary internet projects.
They constantly consume electricity, and the mined coins can be directly converted into global liquid assets.
When the scale is small, it can be somewhat overlooked, but as it grows larger, issues like energy consumption, taxes, and capital flows can no longer be ignored.
One point that left a deep impression on me is that they will not only impose fines but also confiscate the mined cryptocurrencies.
Regulation is no longer just about controlling mining machines or sites; it’s starting to include on-chain assets themselves.
Actually, many countries’ attitudes toward crypto now resemble this approach.
It’s not about completely opening up or banning outright, but gradually allowing it to operate within a regulated framework.
In the future, the competition in mining may not just be about electricity prices.
Who can secure long-term access to energy, licenses, and stable policies will be the ones who can continue doing it.
#比特币挖矿 #Crypto Regulation