CryptoMediaClub
Monday, February 23, 2026
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Russian Crypto Mining Hotspot Cracks Down on Illegal Miners

21.03.2024
A A
0
122
VIEWS
ShareShare

The Russian crypto mining hotspot of Irkutsk appears to be cracking down on illegal and quasi-legal miners.

Per a Telegram post from the Irkutsk Prosecution Service, an unnamed crypto miner, aged 35, will “stand trial for stealing electricity” in the town of Cheremkhovo.

Irkutsk: Russian Crypto Mining Hotspot Hopes to Avoid Power Drain

The move comes shortly after the power provider Rosseti closed down 17 illegal crypto mining farms in Krasnoyarsk, Omsk, and Khakassia.

Rosseti also announced it had shut down 36 “illegal” crypto mining farms in the Republic of Dagestan since 2022.

Similar crackdowns have been carried out in the nearby de facto nation of Abkhazia, another unofficial crypto mining hub.

The Irkutsk Oblast is hopeful that the Russian energy ministry will press ahead with its controversial plans to hike energy prices for miners.

Oblast officials hope this move will help stem the flow of new miners to the region. They also hope this will relieve the pressure on its power grids.

Irkutsk Looks to Shut Down ‘Grey’ Miners

Prosecution officials released photographs of the equipment they seized in a raid on the 35-year-old’s mining “farm” in Cheremkhovo.

Crypto mining equipment seized by Russian prosecution officials in a raid in the Irkutsk Region.
Crypto mining equipment seized by Russian prosecution officials in a raid in the Irkutsk Region. (Source: Irkutsk Prosecution Service)

Prosecutors think the miner “caused damage” worth around $11,000, and have indicted him for “causing property damage by deception or abuse of trust.”

Investigators said the miner was active in early 2023 in Cheremkhovo. They claimed the man rented a plot of land with the intention of building a mining farm.

The plot included “a non-residential building with an integrated transformer substation.”

The man allegedly “installed 214 pieces of computer equipment, which was used for mining cryptocurrency.”

In itself, this is not a crime, as crypto mining still has no legal status in Russia. However, many so-called “grey” miners use illegal grid connections.

Cheremkhovo on a map of Russia.
Source: Google Maps/Map Data ©2024 Google

The prosecution claimed that the miner “illegally connected jumper wires to the substation’s current transformers.”

This allowed him to “unaccountably consume electricity” without “proper payment.” Police swooped on the farm in February 2023.

However, the case has taken over a year to process, due mainly to the fact that the man can only be charged with energy theft-related offenses.

The US government wants to seize Russian sovereign assets to help Ukraine fight and support its shattered economy. Some allies are wary of such a move and the precedent it might set https://t.co/waRdky97B4

— Bloomberg Economics (@economics) March 16, 2024

In Krasnoyarsk, prosecutors said that a group of illegal crypto mining farm operators stole $434,800 worth of electricity from the local grid.

Energy providers say they have developed new tools and methods that allow them to identify illegal miners faster.

The post Russian Crypto Mining Hotspot Cracks Down on Illegal Miners appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

Vitalik Buterin Supports Ethereum Protocol Upgrade for Censorship Resistance
All news

Vitalik Buterin Supports Ethereum Protocol Upgrade for Censorship Resistance

22.02.2026
0

Ethereum co-founder Vitalik Buterin has thrown his support behind the Fork-Choice Enforced Inclusion Lists (FOCIL) upgrade, calling it a critical...

Read moreDetails
Elliptic Flags Network of Russian Crypto Platforms Bypassing Sanctions

Elliptic Flags Network of Russian Crypto Platforms Bypassing Sanctions

22.02.2026
Spot Bitcoin ETFs Log Fifth Straight Week of Outflows as Institutional Demand Cools

Spot Bitcoin ETFs Log Fifth Straight Week of Outflows as Institutional Demand Cools

22.02.2026
SBI Holdings Launches 10B Yen Blockchain Bond With XRP Rewards

SBI Holdings Launches 10B Yen Blockchain Bond With XRP Rewards

22.02.2026
Bitcoin Lightning Network Exceeds $1B in Monthly Volume – A Major Layer-2 Win

Bitcoin Lightning Network Exceeds $1B in Monthly Volume – A Major Layer-2 Win

21.02.2026
Load More
Next Post
Top Crypto Gainers Today on DEXScreener – PIPI, PNUT, FAP

Top Crypto Gainers Today on DEXScreener – PIPI, PNUT, FAP

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

North Korea’s Lazarus Group responsible for $55M CoinEx hack: Report

North Korea’s Lazarus Group responsible for $55M CoinEx hack: Report

2 years ago
Bitcoin’s Bullish Trend Eyes Resistance Beyond $27,200

Bitcoin’s Bullish Trend Eyes Resistance Beyond $27,200

2 years ago
BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

BTC price risks new sub-$29K dip as Binance fears test Bitcoin bulls

3 years ago
STX, BCH, and XDC Rise Most on Bullish News

STX, BCH, and XDC Rise Most on Bullish News

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Vitalik Buterin Supports Ethereum Protocol Upgrade for Censorship Resistance

Bitcoin enters a 150-day danger zone as Trump pivots to a 1974 trade law the Supreme Court hasn’t touched yet

Elliptic Flags Network of Russian Crypto Platforms Bypassing Sanctions

862k jobs vanished, CPI cooled, and Bitcoin now trades like a bond – What Would Satoshi Say?

Spot Bitcoin ETFs Log Fifth Straight Week of Outflows as Institutional Demand Cools

SBI Holdings Launches 10B Yen Blockchain Bond With XRP Rewards

Trending

Bitcoin’s calm price action is a trap: The steady ETF bid that supported it has already disappeared
Analysis

Bitcoin’s calm price action is a trap: The steady ETF bid that supported it has already disappeared

23.02.2026
0

Spot Bitcoin ETFs gave the market a clean, daily scoreboard: a green print meant fresh cash crossing...

Trump’s crypto firm made $1.2 billion in 16 months because it found a way to sell resort debt as tokens

Trump’s crypto firm made $1.2 billion in 16 months because it found a way to sell resort debt as tokens

22.02.2026
Bitcoin bulls could walk into a $1 billion liquidation trap as Bank of America warns multiples are about to compress

Bitcoin bulls could walk into a $1 billion liquidation trap as Bank of America warns multiples are about to compress

22.02.2026
Vitalik Buterin Supports Ethereum Protocol Upgrade for Censorship Resistance

Vitalik Buterin Supports Ethereum Protocol Upgrade for Censorship Resistance

22.02.2026
Bitcoin enters a 150-day danger zone as Trump pivots to a 1974 trade law the Supreme Court hasn’t touched yet

Bitcoin enters a 150-day danger zone as Trump pivots to a 1974 trade law the Supreme Court hasn’t touched yet

22.02.2026
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz