Mining
In the Uysky District of Russia's Chelyabinsk Region, a criminal case has been opened against a kindergarten teacher for using electricity compensation to cover the costs of her family's mining farm. According to investigators, the woman had the right to receive…
In the village of Maidanskoye in the Untsukulsky District of Dagestan, employees of Rosseti North Caucasus, together with security forces, discovered and destroyed three cryptocurrency mining rigs. Power engineers reported that 103 units of equipment were seized. The largest farm, discovered…
According to calculations based on data from data center operator Intelion, mining profitability remained high in September despite increased network difficulty and a stronger ruble. Top-end ASIC miners have delivered over 50% annual returns for investors. We explore which devices were…
On October 1, following another recalculation, the mining difficulty of the first cryptocurrency reached 150.8 T. The indicator increased by 5.9%, setting a new all-time high. Difficulty has been increasing since mid-July. The inter-block interval has been consistently below 10 minutes,…
Rosseti North Caucasus specialists stated that 58 cases of illegal connections to power grids for cryptocurrency mining have been recorded in the Republic of Dagestan since the beginning of the year. This is the highest figure in the North Caucasus Federal…
The Russian Ministry of Energy does not expect new restrictions on cryptocurrency mining, said Andrey Maksimov, Director of the Ministry's Department of Electric Power Development. During his speech at the annual professional conference of the Energy Producers Council association, Maksimov emphasized…
Since the beginning of September, three cases of finding a Bitcoin block by single miners have become known. Each of them mined the cryptocurrency on equipment with different computing power, which means that each one’s chances were significantly different. A few…
Russian President Vladimir Putin explained the government's decision to ban cryptocurrency mining at the government's discretion in any region of the country. The decision is due to the growing shortage of electricity, Putin said. According to him, governors have started to…
A lone miner mined a Bitcoin block and earned almost $350,000 for it. The probability of such an event for him was estimated at approximately once every eight years, writes RBC Crypto. Around midnight on July 3-4, a miner added block…
Representatives of the company “Dagenergo” together with employees of the security department of the company “Rosseti North Caucasus”, as well as the department of economic security and anti-corruption of the Ministry of Internal Affairs discovered a mining farm in the Babayurtovsky…
The Government believes that punishment for illegal connection to power grids should be stricter, and expects more detailed regulations from the Ministry of Energy. The Russian government plans to toughen penalties for violating the ban on cryptocurrency mining. This was reported…
Russia has been consistently ranked second in the world in terms of mining volume for two years now, and the industry’s growth rate exceeds that of its competitors, experts say. In recent years, Russia has consistently ranked second in the world…