Auto Added by WPeMatico

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region.…

Continue ReadingUtility Seeks $800,000 From Russians Mining Crypto With Cheap Power

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to…

Continue ReadingPower Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates