Russian utilities cracking down on crypto miners minting in residential areas, report.
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates.
When increased power consumption triggers their suspicions, the utilities would initially send an inspector to check and issue a new invoice based on the price of electricity used for commercial purposes, Snikkars explained. Eventually, they could try to prove their claims in court. in August of this year, crypto miners in the Siberian oblast, where rates start at just $0.01 per kWh in rural districts, have already paid 100 million rubles in fines .unveiled
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