1. Illegal Crypto Mining in Irkutsk Region
2. Damage to Electrical Grids and Criminal Cases
3. Surge in Cryptocurrency Mining in Russia

Russian authorities have confiscated 238 cryptocurrency mining rigs from a village in the Irkutsk region. The illegal activities caused significant damage to the region’s electrical grids, leading to criminal charges against the miners.

Illegal Crypto Mining in Irkutsk Region

In the Irkutsk region, which has become the unofficial capital of Russian Bitcoin mining due to low energy rates and cold winters, illegal crypto mining continues. Authorities seized 238 units of mining equipment from residents of the Angarsky Bereg village.

Damage to Electrical Grids and Criminal Cases

The illegal mining activities have caused damages of over 68 million rubles. The miners connected their equipment to household electricity networks to benefit from discounted rates. Prosecutors have launched a criminal case against the miners for fraud.

Surge in Cryptocurrency Mining in Russia

Russia is setting up special organizations to mine and transfer cryptocurrencies to foreign entities. The Russian president warns that cryptocurrency mining risks overloading Russia’s electrical grid and could lead to power shortages in certain regions. Russian miners actively install equipment in homes and garages, taking advantage of lower electricity rates.

The illegal cryptocurrency mining in the Irkutsk region continues to cause significant damage to electrical grids. The Ministry of Justice and prosecutors are continuing their investigation.