It is prosecuting miners who are extracting cryptocurrencies using it for the population, according to a senior Energy Department official. Power companies are aware of the increased consumption and are trying to force you to pay at commercial rates.
Amateur cryptocurrency miners in Russia are under pressure despite lack of regulation of home mining
, has begun to identify improvised mining farms in residential buildings The deputy energy ministry’s Pavel Snikkars told the Russian press about the increased consumption and load on the grid at substations.
A senior government official told the daily Izvestia that authorities were chasing “illegal miners.” While cryptocurrency mining is not yet regulated and such activities are not expressly prohibited at this time, power companies have found that these consumers do not use electricity for domestic purposes in court. I can prove it.
In at least 10 cases so far, according to lawyers interviewed by the Times, suppliers have paid the difference between the preferential tariffs for the general public and the higher rates demanded by companies to their mines. He said he was able to make the workers pay for it. pay.
If an increase in power consumption arouses their suspicions, the power company will first send an inspector to investigate and issue a new bill based on the price of the power used for commercial purposes. He does, Snikkars explained. Ultimately, they were able to try to prove their case in court.
Irkutskenergosbyt, the electricity distribution company for the energy-rich region of Irkutsk, dubbed “the mining capital of Russia,” was one of the first companies to address the issue in 2021. According to a report in August of this year, a cryptocurrency miner in Siberia said that in rural areas the fees will be as little as $0.01 per kWh, and he has already paid a fine of 100 million rubles (the amount at that time). about $1.7 million).
Power supply problems in some regions are blamed on Home He Crypto He Mining announced a significant increase in the proportion of He also stressed that home mining is a major problem in certain areas where infrastructure cannot handle the load and energy companies are taking steps to ensure reliable supply for other users.
According to Oleg Ogienko, Director of Government Relations at Bitriver, one of Russia’s largest mining farms, cryptocurrency mining in Russia requires about 1.7 GW of electricity, which 50-60% are used in the industrial segment of the market. operator.
Mining is a cryptocurrency that the Russian government wants to legalize and regulate to take advantage of the country’s competitive advantages in the industry, such as cheap energy resources and cool climate conditions. One of the related activities.
In November, a group of parliamentarians proposed a bill aimed at regulating the minting of digital currencies like Bitcoin by amending the country’s existing laws “on digital financial assets.” submitted to the House of Commons. The bill is backed by the Bank of Russia and is expected to be adopted by the end of the year.
Image Credits: Shutterstock, Pixabay, Wiki Commons
