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Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto MinersThe anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says Russia’s Federal […]

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Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says

Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer SaysUniversity students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy in residential areas. Mining May Turn Into Risky Undertaking for Russian Students As more and […]

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Power Outages in Russia’s Irkutsk Region Blamed on Home Miners

Power Outages in Russia’s Irkutsk Region Blamed on Home MinersRussians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals. Electricity Consumption Spikes Amid Spread […]

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Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity RatesA Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power […]

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