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At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region

At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk RegionAuthorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto Miners Sued in Irkutsk for Extracting Digital […]

Russia Cautious on Tokenizing Real-World Assets

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining CryptocurrencyElectricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also increased significantly. Irkutsk Dealing With Rising Electricity Needs Amid Growing […]

Russia Cautious on Tokenizing Real-World Assets

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

Utility Seeks 0,000 From Russians Mining Crypto With Cheap PowerThe main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court […]

Russia Cautious on Tokenizing Real-World Assets