Illegal Cryptocurrency Mining Operation Uncovered in Russia
An illegal cryptocurrency mining operation was discovered on the premises of an energy provider in Siberia, as reported by WinFuture. The company had leased public land to crypto miners without authorization, leading to a hefty fine of 330,000 rubles and the initiation of administrative proceedings against them.
Siberia is known for its appeal to cryptocurrency miners due to low electricity costs and cold temperatures that help with cooling systems. However, this high concentration of mining farms has resulted in network overloads in regions like Irkutsk. Despite Moscow's attempts to impose bans on unauthorized mining activities, these measures have proven largely ineffective. Meanwhile, BitRiver continues its expansion efforts by constructing a new 100-megawatt data center in the Republic of Buryatia.
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