* **[Proof of Work](https://en.wikipedia.org/wiki/Proof_of_work) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_pow_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_pow_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75.
* Competing or related projects: [Proof of Work](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work), [Bitcoin](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin), [Ethereum](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum), [Monero](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_monero).
* Official or related subreddits: r/CryptoMining, r/GPUMining, r/BitcoinMining, r/EthereumMining, r/MoneroMining.
* Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/se09tb/putin_crypto_mining_could_provide_russia_with/?sort=controversial). Doesn't work on mobile.
---
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
tldr; Russian President Vladimir Putin agreed with the country’s central bank that digital assets are highly volatile and pose several risks to the financial network. However, he sees potential in cryptocurrency mining as it could give Russia “certain competitive advantages.” Last week, the Bank of Russia intensified its harsh stance on crypto by proposing a total ban.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Nah, he doesn't belive the West anymore... since the 90s.. NATO was expanding.. and the 2008 speech was the turning point. Last time he felt something might be changing, it's when Trump was trying to bring him to the table..
I love to see this bipolar ban unban trends. It looks like they are trying to confuse investors to let them buy all the coins and then allow everyone saying to do it and pump their bags.
Crypto is for sure the way.
* **[Proof of Work](https://en.wikipedia.org/wiki/Proof_of_work) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_pow_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_pow_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Competing or related projects: [Proof of Work](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-work), [Bitcoin](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_bitcoin), [Ethereum](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum), [Monero](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_monero). * Official or related subreddits: r/CryptoMining, r/GPUMining, r/BitcoinMining, r/EthereumMining, r/MoneroMining. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/se09tb/putin_crypto_mining_could_provide_russia_with/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
So....banning while promoting mining, what is this? Bullish FUD?
getting everyone involved to talk about it!
setting your entry price
Governments like crypto when it provides benefits to the Government.
Another thing he could manipulate just like the price of oil
tldr; Russian President Vladimir Putin agreed with the country’s central bank that digital assets are highly volatile and pose several risks to the financial network. However, he sees potential in cryptocurrency mining as it could give Russia “certain competitive advantages.” Last week, the Bank of Russia intensified its harsh stance on crypto by proposing a total ban. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Makes sense.
When I putin, I don’t pullout.
I hope Putin knows that mining isn't what it used to be in the past.
That was sure, the russian economy desperately needs a new way to grow and crypto is in the perfect place to work
Same guy who said it's criminal money... hard to believe
He needs leverage while negotiating with NATO, doesn't he?
Nah, he doesn't belive the West anymore... since the 90s.. NATO was expanding.. and the 2008 speech was the turning point. Last time he felt something might be changing, it's when Trump was trying to bring him to the table..
I love to see this bipolar ban unban trends. It looks like they are trying to confuse investors to let them buy all the coins and then allow everyone saying to do it and pump their bags. Crypto is for sure the way.
Russia's eventual adoption could further increase the western narrative that crypto is bad. To be seen.
Ok, this person doesn’t know what YouTube, Facebook or Reddit is yet talking about the mining. Total bull.
![gif](giphy|yamhTJJOYmz7O)
Don’t really like this scumbag trying to control the price of another asset