EU carbon pricing may be influencing where Bitcoin mining activity runs, according to a study by three Vietnamese researchers. Their analysis examined daily power-sector emissions in the EU and Russia from 2019 through 2025, alongside Bitcoin prices. It found a statistical relationship between higher European carbon allowance prices and increased emissions in Russia, suggesting mining operations may shift jurisdictions when costs and Bitcoin prices rise.
The researchers say this does not necessarily mean machines were physically moved. Companies with equipment in multiple countries could reduce output at EU sites and activate Russian capacity, where there is no comparable carbon-pricing system. The study notes limits, including the impact of China’s 2021 mining ban.
Russia’s restrictions could weaken the strategy. Since 2025, Moscow has banned crypto mining in some regions, with restrictions expanded to the capital this year. Those measures may limit Russia’s ability to absorb mining activity displaced by Europe’s carbon costs.
https://news.bitcoin.com/mining/eu-carbon-taxes-push-bitcoin-mining-to-russia-study-claims/
oxhak / Ox HaK
npub1sx…dz7z7
2026-08-23 07:37:30 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://nos.lolPublished at
2026-08-23 07:37:30 UTCEvent JSON
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"content": "EU carbon pricing may be influencing where Bitcoin mining activity runs, according to a study by three Vietnamese researchers. Their analysis examined daily power-sector emissions in the EU and Russia from 2019 through 2025, alongside Bitcoin prices. It found a statistical relationship between higher European carbon allowance prices and increased emissions in Russia, suggesting mining operations may shift jurisdictions when costs and Bitcoin prices rise.\n\nThe researchers say this does not necessarily mean machines were physically moved. Companies with equipment in multiple countries could reduce output at EU sites and activate Russian capacity, where there is no comparable carbon-pricing system. The study notes limits, including the impact of China’s 2021 mining ban.\n\nRussia’s restrictions could weaken the strategy. Since 2025, Moscow has banned crypto mining in some regions, with restrictions expanded to the capital this year. Those measures may limit Russia’s ability to absorb mining activity displaced by Europe’s carbon costs.\n\nhttps://news.bitcoin.com/mining/eu-carbon-taxes-push-bitcoin-mining-to-russia-study-claims/",
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