Daily power outages in Irkutsk, Russia blamed on crypto mining in homes and basements.
Russians mining cryptocurrency in their homes have been blamed for the problems with the electricity supply in Irkutsk. Power outages have become a frequent occurrence in the region which maintains the lowest electricity rates in Russia. Subsidized household energy has turned mining into a source of income for many locals.Power grid operators in Irkutsk have been dealing with a growing number of outages.
As a way out of the exacerbating situation, they are now proposing a set of measures to address the challenges. Authorities want to upgrade the capacity of the distribution network in Irkutsk Oblast, introduce higher tariffs for crypto miners and establish special platforms to host their activities, the Russian business daily Kommersant reported.
In December, various parts of Irkutsk experienced either planned or emergency outages, the publication reveals. Since June, there has been a sharp increase in the pressure on the grid in residential areas, the local utility told the newspaper. “Despite the warm weather in November, the load increased by almost 40% compared to last year. The significant loads on the power networks and the growing number of outages are associated with the activities of miners,” the Irkutsk Electric Grid Company explained. Its calculations show that consumption in the city of Irkutsk has surged by 108% for the whole of 2021.
IESC emphasized that coin minting is very energy-intensive as the equipment operates around the clock. Engineers warn that the existing electrical networks in towns and cities are not designed for the constant, “industrial” load that the mining hardware creates. The company has been forced to cut off the supply in many areas to replace fuses and install power lines with higher capacity.
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