Power company hid illegal crypto mine that may have caused outages

Power company hid illegal crypto mine that may have caused outages

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Russia most likely gets no taxes on prohibited crypto mining, and power blackouts can be pricey for everybody in an area. Next year, Russia will prohibit crypto mining in 10 areas for 6 years and location seasonal constraints that would interfere with some crypto mining operations throughout the coldest winter season months in areas like Irkutsk, CoinTelegraph reported.

Prohibited mining is still apparently growing in Irkutsk, however, regardless of the federal government’s efforts to close down secret farms. To prevent any prohibited crypto mining interrupting power grids in 2015, authorities took numerous crypto mining rigs in Irkutsk, Crypto News reported.

In July, Russian president Vladimir Putin connected blackouts to unlawful crypto mines, alerting that crypto mining presently takes in “almost 1.5 percent of Russia’s total electricity consumption,” “the figure continues to go up,” the Moscow Times reported. And in September, Reuters reported that unlawful mines were actually holing up to prevent detection as Russia’s crackdown continues.

Despite the fact that unlawful mines are apparently typical in parts of Siberia and progressively running out of the general public eye, discovering an unlawful mine concealed on state land managed by an electrical energy was most likely unexpected to authorities.

The power company was not called in the statement, and there are numerous in the area, so it’s not presently clear which one made the questionable choice to rent state land to an unlawful mining operation.

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