Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas due to crypto mining.
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
Oleg Prichko, CEO of the Baikal Energy Company, confirmed that the growth is largely due to “grey” mining. Commenting on its spread, he revealed that just in the first half of January, seven Boeing-737s, loaded with coin minting hardware, have arrived in Irkutsk. “A lot of trucks are transporting equipment from China that’s not needed there because of the ban. Practically free equipment migrates to Irkutsk region,” Prichko added.
Meanwhile, the number of cases involving theft of mining rigs has been on the rise as well. Last year, 344 such crimes were registered in the region. The losses amounted to 160 million rubles . Law enforcement officials have so far resolved 54 cases, with 66 perpetrators brought to justice. Andrey Zhbanov, head of Irkutsk Regional Criminal Investigation Department, said that in 2021, such crimes had been committed almost on a daily basis.
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