Mobile cryptocurrency mining operations are posing threats to the energy infrastructure in Russia. This article will discuss recent incidents and the measures taken by authorities.
Discovery of Illegal Mobile Mining in Buryatia
In the Pribaikalsky District of the Republic of Buryatia, authorities uncovered an illegal mobile cryptocurrency mining operation during a routine inspection of a 10-kilovolt power line. Inspectors found a parked KamAZ truck containing 95 mining rigs and a mobile transformer station, secretly connected to the local power grid. The operation consumed enough electricity to supply a small village, raising concerns among utility officials.
Seasonal and Regional Mining Bans
Russia has implemented seasonal and regional restrictions on cryptocurrency mining due to concerns about energy theft and grid instability. In Buryatia, a mining ban is in effect from November 15 to March 15 each year to protect energy supply during harsh winters. Only registered companies are allowed to mine in designated areas to prevent unauthorized use of subsidized electricity.
Legal vs. Illegal Mining
While illegal mining operations continue to strain Russia's energy grid, BitRiver serves as an example of regulated, large-scale mining. BitRiver legally operates using electricity from local hydroelectric plants, ensuring compliance with regulations and avoiding overburdening public infrastructure.
The issues surrounding mobile crypto mining in Russia highlight the need for stronger enforcement measures and cooperation between the government, utility companies, and law enforcement to establish a sustainable and secure cryptocurrency economy.
