Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12837
Markets: 99741
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12837
Cryptocurrencies
60.66%
Bitcoin Share
crypto.news 2025-02-18 12:23:10

Russian power company reports ₽1.3b ruble loss from Illegal crypto mining in 2024

Russian power company reports ₽1.3b ruble loss from Illegal crypto mining in 2024

Russian power grid operator Rosseti reported losses of over 1.3 billion rubles in 2024 due to illegal crypto mining operations that siphoned electricity through unauthorized connections. The Russian power grid company Rosseti reported losses exceeding 1.3 billion rubles in 2024 due to illegal connections by unauthorized crypto miners. The highest recorded losses occurred in the North Caucasus, where Rosseti Severny Kavkaz reported more than 600 million rubles in damages. In Novosibirsk, losses amounted to 400 million rubles, while Rosseti Center and Privolzhye registered 120 million rubles in loss. Rosseti confirmed that 130 cases of unauthorized network connections and unaccounted electricity consumption were identified and shut down. Over 40 criminal cases under the Russian Criminal Code were initiated. You might also like: News Thai authorities bust illegal Bitcoin mining rigs, charge two over $280k theft: report Unregulated crypto mining and its impact on the power grid has been a growing concern for Russia. In response, Russia launched a national registry for crypto miners in Nov. 2024. By requiring miners to submit their information, including wallet addresses, the government aims to bring the industry under official oversight. However, while the registry is intended to prevent illegal energy consumption, miners fear that if their data leaks, they could become targets for international sanctions . Aside from Russia, unauthorized crypto mining has been straining power grids in Iran, Malaysia , Thailand , and Venezuela in recent years, with authorities across multiple jurisdictions attempting to crack down on the practice. Read more: Illegal Bitcoin mining operation explodes in Malaysia

Most Read News



Cryptohopper
Market Cap
24h Vol
60.66%
Bitcoin Share
515
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.