Thursday, August 18, 2022
Crypto News
Advertisement
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos
No Result
View All Result
Crypto News
No Result
View All Result
Home Bitcoin

Russia, Ukraine Shut Down Several Cryptocurrency Farms – Mining Bitcoin News

by Crypto News
December 5, 2021
in Bitcoin
0
Russia, Ukraine Shut Down Several Cryptocurrency Farms – Mining Bitcoin News
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

January 3, 2022
Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

January 3, 2022


Russia, Ukraine Shut Down Several Cryptocurrency Farms

Authorities in Russia and Ukraine have closed down various unlawful crypto mining amenities allegedly powered by stolen electrical energy. The underground farms have been found across the capital cities, Kyiv and Moscow, in addition to within the Russian republic of Dagestan.

Russia Busts Unlawful Mining Farms in Moscow Area and Dagestan

Russian regulation enforcement and customs brokers have lately uncovered the theft of a considerable amount of electrical energy from the community operated by Rosseti in Moscow Oblast, the area adjoining to Russia’s capital. Tass broke the information concerning the operation this week, quoting Ekaterina Korotkova from the Moscow Interregional Transport Prosecutor’s Workplace. The official defined:

An audit revealed an unauthorized connection to the ability grid, theft of electrical energy and unlawful seizure of land for the operation of kit designed to carry out cryptographic calculations associated to the mining of digital currencies.

The price of the illegally consumed electrical energy used to energy the mining {hardware} exceeds 500,000 rubles a day (virtually $7,000), Korotkova detailed. Authorities have launched a felony case and intend to prosecute the house owners of the coin minting facility.

Two cryptocurrency farms had been additionally busted in Dagestan, a republic of Russia located within the North Caucasus. In late November, the Komsomolskaya Pravda newspaper reported that a big mining operation had been present in a mountainous area. Preliminary knowledge from the investigation means that its unknown operators have brought about damages of an estimated 1 million rubles (over $13,000).

Native police have additionally uncovered a mining enterprise in Botlikh district the place miners had been related to the grid with out permission. Based on a report by Forklog quoting Dagestan’s inside ministry, the crypto farm had been arrange since November and run by a 35-year-old resident of Dakhadayevsky district who stole energy value 257,000 rubles (round $3,500).

The regulation “On Digital Monetary Property,” which went into drive in January, regulated some crypto-related actions within the Russian Federation however cryptocurrency mining, amongst others, isn’t one in every of them. Calls have been mounting amongst officers in Moscow this yr to recognize the enterprise as an entrepreneurial exercise and tax it accordingly.

Underground Crypto Farm Present in Kyiv Area, Ukraine

In the meantime, the Safety Service of Ukraine (SBU) announced Friday it had found an unlawful mining facility in Kyiv Oblast. Based on the primary Ukrainian regulation enforcement company, three native residents have put in various ASICs in a hangar they rented within the Buchansky district of the area bordering the capital. They’ve allegedly used electrical vitality value 3.5 million hryvnia (greater than $128,000).

Russia, Ukraine Shut Down Several Cryptocurrency Farms
Supply: SBU

The rising reputation of cryptocurrencies has turned Ukraine into a frontrunner in adoption lately and the federal government has been taking steps to legalize “digital belongings.” Whereas bitcoin mining is not banned, it isn’t but regulated. This yr, the SBU has been going after miners making the most of the nation’s electrical energy provide community, shutting down various crypto farms in varied areas, together with a large data center in central Ukraine final month.

Tags on this story
ASIC, Bitcoin, coin minting, criminal case, Crypto, crypto farms, Cryptocurrencies, Cryptocurrency, Dagestan, Digital Currencies, Digital Currency, Electricity, grid, illegal, Investigation, kyiv, Miners, mining, mining farms, Moscow, operation, power, prosecutor’s office, Russia, SBU, Theft, Ukraine, Underground

Do you anticipate Russia and Ukraine to control cryptocurrency mining within the close to future? Inform us within the feedback part under.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It’s not a direct provide or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, instantly or not directly, for any injury or loss brought about or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

Extra Standard Information

In Case You Missed It





Source link

Share76Tweet47

Related Posts

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

Bitcoin launched 13 years ago today⁠. 8 milestones from the past year

by Crypto News
January 3, 2022
0

13 years in the past at the moment, bitcoin formally launched after what's often known as the Genesis Block...

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

Why Bitcoin Price’s Tumble Is Good News for Coinbase Stock

by Crypto News
January 3, 2022
0

Textual content dimension Bitcoin's latest tumble might need brought on a rise in buying and selling quantity for Coinbase....

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

Now there are 3 provinces in Argentina that tax bitcoin – CVBJ

by Crypto News
January 3, 2022
0

Key details: La Pampa will cost Gross Earnings to all industrial actions with digital currencies. As in different provinces,...

I bought Bitcoin from PayPal. Here’s what happened

I bought Bitcoin from PayPal. Here’s what happened

by Crypto News
January 3, 2022
0

There isn't a doubt that cryptocurrency has traction within the monetary world. As of the second I am penning...

Multisig Setup Saves Bitcoin Stack from Home Burglary

Proof Of Keys Day And Quantum Computing

by Crypto News
January 3, 2022
0

When Satoshi Nakamoto mined the genesis block 13 years in the past right now, giving rise to the Bitcoin...

Load More
  • Trending
  • Comments
  • Latest
6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

6 Altcoins to Buy As Crypto Bull Market Gets Crazier: Banking Veteran

November 7, 2021
Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

Tesla To Accept Shiba Inu Coin and will hit $0.1 in 2021!!

November 1, 2021
Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

Bitcoin Mining Noise Drives Neighbors Nuts—a Giant Dentist Drill That Won’t Stop

November 12, 2021
First bitcoin. Then GameStop. Now tiny tungsten cubes

First bitcoin. Then GameStop. Now tiny tungsten cubes

October 29, 2021
5 Hotels Accepting Cryptocurrency as a Payment Method

5 Hotels Accepting Cryptocurrency as a Payment Method

0
Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

Top cryptocurrency prices today: Bitcoin, Dogecoin, Ethereum gain up to 5%

0
Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

Four Emerging Altcoins Soar 101% or More Within Seven Days As Crypto Markets Ignite

0
ADA Price Prediction: Cardano Sits and Waits

ADA Price Prediction: Cardano Sits and Waits

0
Cryptocurrency से जुड़े हर सवाल का जवाब आज आपको India TV के Kurukshetra में मिलेगा

Cryptocurrency से जुड़े हर सवाल का जवाब आज आपको India TV के Kurukshetra में मिलेगा

August 18, 2022
Aid for Ukraine’s $54M cryptocurrency fund buys vests, UAVs

Aid for Ukraine’s $54M cryptocurrency fund buys vests, UAVs

August 18, 2022
Two Unique Altcoins to Purchase in the Cryptocurrency Market in Q3 2022: Avalanche and Quilvius

Two Unique Altcoins to Purchase in the Cryptocurrency Market in Q3 2022: Avalanche and Quilvius

August 18, 2022
Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

Cardano Metaverse Pre-Sale Achieved More than 70% Allocation

August 18, 2022

Recent News

Cryptocurrency से जुड़े हर सवाल का जवाब आज आपको India TV के Kurukshetra में मिलेगा

Cryptocurrency से जुड़े हर सवाल का जवाब आज आपको India TV के Kurukshetra में मिलेगा

August 18, 2022
Aid for Ukraine’s $54M cryptocurrency fund buys vests, UAVs

Aid for Ukraine’s $54M cryptocurrency fund buys vests, UAVs

August 18, 2022

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cardano
  • Cryptocurrency
  • Ethereum
  • Ripple
  • Videos

Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib
  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright Crypto News

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Altcoin
  • Cardano
  • Ethereum
  • Blockchain
  • Ripple
  • Videos

© 2021 Copyright Crypto News