Meta Ventures into Power Trading to Fuel AI Ambitions
Meta will engage in electricity trading to expedite the construction of new stations in the US. These are crucial for its AI ambitions.
Meta Ventures into Power Trading to Fuel AI Ambitions
Meta will engage in electricity trading to expedite the construction of new stations in the US. These are crucial for its AI ambitions.
Americans Concerned About Rising Electricity Costs Due to AI
80% of electricity consumers in the United States are worried about the impact of data centers on their utility bills.
Ingushetia Farmers Caught Illegally Mining Cryptocurrency, Stealing 8 Million kWh of Electricity
In the Ingush village of Surkhakhi, energy officials uncovered illegal cryptocurrency mining operations at a livestock farm, leading to significant electricity theft. This was reported by Rosseti North Caucasus. The consumer initially used a transformer with a capacity of 100 kVA and a contractual load of up to 80 kW. Later, the owner unlawfully replaced […]
Bitcoin Miners in St. Petersburg Cause 8 Million Rubles in Damages
The police in St. Petersburg discovered 58 illegally connected ASIC miners at a local enterprise’s substation. The mining farm occupied several hundred square meters. Upon inspection, it was found that electricity was being used for the entire facility, including the mining equipment and ventilation system, bypassing metering devices. Energy company representatives have drawn up the […]
Expert Comments on En+’s 1.2 Billion Ruble Lawsuits Against BitRiver
En+ entities are engaged in legal battles with Russian data center operator BitRiver, seeking over 1.21 billion rubles in two separate cases, according to Kommersant. In late April, the Arbitration Court of the Irkutsk Region granted a claim by “Infrastructure of Siberia” (part of En+) to recover 954.4 million rubles from GC “Fox,” which owns […]
Developer Introduces Tool to Assess AI Energy Consumption
Hugging Face developer Julien Delavande has introduced the AI Energy Score tool, designed to estimate the electricity consumed by artificial intelligence queries. The service displays energy consumption by graphics processors in kilowatts or joules for each message sent. For convenience, it provides equivalents in other measurements, such as the percentage of a phone battery charge, […]
Kazakh Authorities Seize 1,257 ASIC Miners from Fake Motor Centre
A court in Kazakhstan has sentenced three organisers of a mining farm disguised as an engine processing centre in Astana. This was reported by the Financial Monitoring Agency (FMA). According to the case materials, from 2022 to May 2024, the suspects engaged in cryptocurrency mining without the necessary license. This activity earned them 143.2 million […]
Russia Enforces Complete Ban on Cryptocurrency Mining in Southern Irkutsk Region
On April 7th, the Russian government signed a decree imposing a complete ban on cryptocurrency mining in the southern part of the Irkutsk region. This ban will remain in effect until March 15, 2031. The region’s governor, Igor Kobzev, clarified on his Telegram channel that the restrictions apply to 21 districts, the city of Irkutsk, […]
Mining Ban in Russia Reduces Energy Consumption by 300 MW
Restrictions on cryptocurrency mining in several Russian regions have led to an average reduction in energy consumption of 300 MW. This was reported by Kommersant, citing data from the Ministry of Energy. The largest reduction—320 MW—occurred in Siberian regions: parts of the Irkutsk region, Buryatia, and the Trans-Baikal Territory. According to ministry representatives, the mining […]
250 Bitcoin Miners Shut Down in Irkutsk Region
An illegal mining farm with 250 devices was discovered in Shelekhov, Irkutsk region, according to a report by the city prosecutor’s office. The equipment was located in a non-residential building and belonged to an individual not listed in the registry of citizens engaged in cryptocurrency mining. Moreover, Shelekhov district is among the areas where digital […]
Russia’s ‘Grey’ Miners Cause Annual Losses of 10 Billion Rubles
Russian illegal miners steal electricity worth billions of rubles annually. MTS combats underground farms through a special energy consumption analysis system. The Ministry of Energy considers it prudent to ban cryptocurrency mining in certain regions until additional generating capacities are established. Billions in Losses The total damage from electricity theft for cryptocurrency mining in Russia […]
Irkutsk courts confirm 650 million rubles in damages from crypto mining
Over the past five years, Irkutskenergosbyt won 1,348 court cases against miners who illegally used electricity, for a total of nearly 650 million rubles. The rulings have taken effect and the defendants were ordered to pay damages. 104 claims were paid before judgments were handed down. In all, the utility filed 2,113 lawsuits against “grey” […]We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.