The reports of the Russian power company ₽.3B Roble losing illegal encryption mining in 2024

The Russian Energy Network operator, Russian, reported losses of more than 1.3 billion rubles in 2024 due to the illegal encryption mining operations that mocked electricity through unauthorized contacts.

Russian Energy Network Russian I mentioned Losses exceeding 1.3 billion rubles in 2024 due to illegal ties by unauthorized encryption miners. The highest losses in the North Caucasus occurred, where Russian Ambassador Kavkaz told more than 600 million rubles in compensation. In Novosibirsk, the losses amounted to 400 million rubles, while the Russian and Privolzhye center recorded 120 million rubles in the loss.

Rosseti confirmed that 130 cases of unauthorized network connections, unauthorized electricity consumption and closure have been identified. More than 40 criminal cases were started under Russian criminal law.

Unorganized encryption mining and its effect on the energy network was a growing concern for Russia. In response, Russia launched a national record of encryption mines in November 2024. By asking miners to provide their information, including portfolio addresses, the government aims to put the industry under official supervision. However, although the record aims to prevent illegal energy consumption, miners fear that if their data leaks, they may become goals International sanctions.

Regardless of Russia, unauthorized coding mining was tension in Iran, Malaysiaand ThailandVenezuela in recent years, with authorities through multiple judicial authorities trying to eliminate this practice.