Mining News

Russian reports Russia $ 14.2 million losses of encryption mining

The Russian Russian Group, the state -owned energy network operator, stated that illegal encryption mining networks caused losses exceeding 1.3 billion rubles (14.2 million dollars) in 2024, according to a report issued by Tass.

The damage spread in multiple areas, with the largest effect in the North Caucasus, where Unauthorized mining operations It led to more than 600 million rubles in losses. Novosibirsk has recorded 400 million rubles in damage, while the center and the Volga area recorded 120 million rubles in losses.

The largest individual situation was detected in Novosibersk, where an illegal mining farm runs 3200 mining devices, and electricity climbed to what the authorities described on a industrial scale. The estimated loss from that process alone reached 197 million rubles ($ 2.2 million).

Russian warned that underground mining farms create energy congestion, leading to voltage drops that can harm electrical infrastructure and home appliances.

The authorities are collapsing Illegal encryption Mining operations, closing 130 cases of unauthorized communications and stealing electricity. More than 40 cases are now subject to criminal investigation, with those involved in the face of prison sentences.

Earlier this month, the Russian Ministry of Energy announced plans to enter a mandatory record of cryptocurrency mining equipment to improve the supervision of local mining activities and prevent more losses in the energy network.

To reduce the theft of electricity, the Russian authorities have brought a ban on coded currency mining in 10 regions, which will last for six years until March 2031.

The ban on the blanket will be applied to Dagestan, Engusheetia, Kabardino-Balkaria, Karachay-Chairkessia, North Ossetia, Chechnya, Donetsk and Lugansk People People, as well as Zaborisvia and Jechison areas. These restrictions will target both Mining bathrooms Individual miners.

In addition to the full ban, partial seasonal restrictions will affect mining operations in three Siberian regions – Irkutsk, Buryatia, and Zabaikalsky – during winter energy consumption peaks. Over the course of 2025, restrictions will be from January 1 to March 15, and in subsequent years, it will be extended from November 15 to 15.

Russia has decided to maintain mining activities in the main areas, including IRKUTSK, which hosts the main data centers of mining companies such as Bitriver. The IRKUTSK region, known as low -cost electricity, is still a decisive center for the country mining industry.

During, Russia I moved to introduce new taxes on cryptocurrencies, as Bitcoin reaches record levels against the robe.

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