energy | ForkLog

ForkLog 9 22.05.2024

Authorities in Abkhazia’s Capital Shut Down 25 Illegal Bitcoin Miners

Police in Sukhumi, during raids to uncover illegal electricity connections and cryptocurrency mining, discovered three mining farms, according to the local Ministry of Internal Affairs. Nineteen devices were located in a repair workshop, four in a warehouse on a residential property, and two in the basement of a house. All equipment was confiscated. According to […]

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ForkLog 14 13.05.2024

Russia Proposes New Fines for Illicit Miners

The Expert Council under the Russian government has advocated for the implementation of remote energy consumption checks to combat illicit miners, according to Izvestia. In cases where actual power usage exceeds the amount declared in bills, it is proposed to fine violators, calculating the penalty based on industrial rates. Currently, bills for excessive electricity consumption […]

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ForkLog 8 30.04.2024

Alliance Resource Reports Holding 425 BTC

American public energy company Alliance Resource, known for its coal mining operations, has disclosed in its financial report that it holds 425 BTC. This was reported by CoinDesk. The company does not purchase the leading cryptocurrency but mines it using its own equipment and surplus generated energy. The coal giant, with a market capitalization of […]

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ForkLog 10 10.04.2024

Illegal Cryptocurrency Mining Farms Shut Down in Novosibirsk

Specialists from “Rosseti Novosibirsk,” in collaboration with the police, discovered four cryptocurrency mining farms illegally connected to the power grid. The premises housing the ASIC miners were scattered across the city — near sewage treatment facilities, in a forested area on the outskirts of the Leninsky district, near the city dump on the left bank, […]

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ForkLog 6 13.03.2024

Three Illegal Cryptocurrency Miners Apprehended in Uzbekistan

During official raids in the Tashkent region, three Uzbek citizens were detained on suspicion of stealing electricity for cryptocurrency mining. This was reported by the local State Security Service. One of the offenders, a 31-year-old resident of Yangiyul, illegally connected ten Antminer L3++ ASIC miners to the power grid. The damage to the energy company […]

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ForkLog 10 15.02.2024

Dagestan Leads in Electricity Theft by Miners

In 2023, the total volume of unaccounted electricity consumption by miners in the North Caucasus reached 22.5 million kWh, according to a report from the local branch of Rosseti. Company specialists halted 19 instances of energy theft, resulting in losses amounting to nearly 79.6 million rubles. Sixteen cases of unauthorized connections to power grids for […]

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ForkLog 41 03.02.2024

Illegal Mining Farm with 378 Devices Discovered in Dagestan

Police in the city of Kizilyurt uncovered illegally connected cryptocurrency mining equipment within an unnamed gardening association. This was reported by the press service of the Ministry of Internal Affairs for the Republic of Dagestan. The mining farm was located in an auxiliary room. Law enforcement seized 378 devices. “The connection to the power lines […]

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ForkLog 20 26.01.2024

Cryptocurrency Mining Farm with 620 Devices Discovered in Makhachkala Parking Garage

Police in Makhachkala, in collaboration with specialists from the Dagenergo branch, uncovered a cryptocurrency mining farm with 620 devices in the garage of an underground parking facility while investigating residents’ complaints about power surges in a multi-storey building. The equipment belonged to a 35-year-old local resident. An inspection revealed that he had connected the equipment […]

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ForkLog 9 24.01.2024

Russian Economists Propose Disconnecting Miners During Energy Shortages

The Higher School of Economics (HSE) has proposed forcibly disconnecting large-scale miners from electricity to address energy shortages in certain Russian regions, according to Izvestia. The initiative suggests categorizing cryptocurrency mining data centers as a separate group of consumers, which could be restricted from electricity supply for up to 500 hours annually (approximately 21 days). […]

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ForkLog 15 16.01.2024

Illegal Mining Farm Overloads Power Grid in Makhachkala

Energy officials in Dagestan, in collaboration with law enforcement, have uncovered an illegal mining farm in the Kirovsky district of Makhachkala, according to a report by the branch of “Rosseti North Caucasus” — “Dagenergo.” Experts observed a significant overload on the power line extending from the “Polygon ‘Solntse'” substation, which is equipped with two transformers, […]

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ForkLog 6 15.01.2024

Dagestan Bitcoin Miners Urged to Shut Down During Cold Spell

Owners of mining farms in Dagestan have been asked to shut down their equipment due to electrical grid overloads during the cold season. This request was issued by the Dagenergo branch of Rosseti North Caucasus. Experts assert that cryptocurrency mining is causing technological disruptions. “The dynamics of network load, which sharply increases over short periods, […]

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ForkLog 26 22.12.2023

Kazakhstan lowers tariffs for Bitcoin miners

From 1 January 2024, amendments aimed at reducing the financial burden on cryptocurrency exchanges and mining enterprises will come into force.

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