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Siberian Power Company Finds Illegal Crypto Mining 'Farm' On Its Own Property
lundi 30 décembre 2024, 21:40 , par Slashdot
The prosecutors explained that the state had set aside the plot to help provide 'public utilities.' Instead, however, the unnamed company leased the land to crypto miners, who built a 'mining farm' on the property. The office said that it had fined the power provider 330 thousand rubles (over $3,120) and censured the firm. Prosecutors have also opened an administrative case against the power company. The report notes that Siberia's cheap electricity and cold winters have attracted crypto miners, causing grid instability and power outages in regions like Irkutsk. 'Miners favor the low operating costs of crypto mining farms in Siberia,' reports Crypto News. 'They also favor the area's cheap power costs and famously low winter temperatures, which help reduce cooling fees.' Despite temporary mining bans from Moscow, illegal operations persist, prompting local crackdowns. Read more of this story at Slashdot.
https://slashdot.org/story/24/12/30/2032223/siberian-power-company-finds-illegal-crypto-mining-farm-...
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