Irkutsk crypto miners pay 100 million rubles in fines in 2022 alone.
This year alone, local power distribution companies have filed 400 lawsuits against miners who unlawfully took advantage of subsidized electricity meant for the population or illegally connected their hardware to the grid.
Meanwhile, courts have imposed fines for almost 100 million rubles . According to a report from January, the Irkutskenergosbyt utility alone sought to recover 63 million rubles from illegal miners. During recent raids, more than 9,000 units of mining equipment have been dismantled and removed from the Baikalsk thermal power plant and the village of Ust-Ordynsky, the regional Prosecutor’s Office announced this week, quoted by the Federal Press portal. Shutting down the underground mining farms will prevent accidents at the heat supply facility, a press release noted.
Mining is among those crypto-related activities that still await comprehensive regulation in Russia, with many officials in Moscow sharing a view that it should be recognized as an industrial activity and taxed accordingly, while citing Russia’s competitive advantages such as cheap energy and cool climate. In March, the Russian Ministry of Energy called for its urgent legalization andAt-home mining, on the other hand, is a phenomenon that Russian authorities want to limit.
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