Close Menu
Cryprovideos
    What's Hot

    Bitcoin Recovers From $100K Dip Whereas On-Chain Knowledge Exhibits Rising Miner Exercise

    June 7, 2025

    Michael Saylor Points Victorious BTC Tweet: ‘Technique Is Absolutely Torqued Bitcoin’

    June 7, 2025

    Michael Saylor’s Technique Publicizes $979,700,000 Inventory Providing in a Bid to Purchase Extra Bitcoin (BTC) – The Day by day Hodl

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Russian power large Rosseti faces $14.2 million loss from unlawful crypto mining
    Russian power large Rosseti faces .2 million loss from unlawful crypto mining
    Crypto News

    Russian power large Rosseti faces $14.2 million loss from unlawful crypto mining

    By Crypto EditorFebruary 18, 2025No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Russian power supplier Rosseti reportedly noticed a major monetary hit as a result of unlawful crypto mining in 2024, with losses amounting to roughly 1.3 billion rubles ($14.2 million).

    On Feb. 18, native media outlet Tass reported that Rosseti stated these losses stem from unauthorized electrical energy consumption throughout a number of areas, with the North Caucasus Grid alone accounting for 600 million rubles ($6.6 million).

    Further losses have been recorded in Novosibirsk, the Heart, and the Volga areas, totaling 520 million rubles ($5.7 million).

    Authorities found one of many largest unlawful mining operations in Novosibirsk, the place 3,200 mining gadgets have been confiscated. This single operation resulted in a monetary lack of 197 million rubles ($2.2 million).

    In complete, Rosseti reportedly uncovered 130 instances of unauthorized grid connections linked to crypto mining. These incidents have been handed over to regulation enforcement, resulting in over 40 legal instances. These concerned may face authorized penalties underneath Russia’s legal code.

    In the meantime, the corporate has warned in regards to the risks of unlawful mining, stating that unauthorized electrical energy use can overload the grid, decrease voltage ranges, and injury electrical gear. These disruptions have an effect on each the corporate’s infrastructure and common customers.

    The power agency not too long ago revealed that it was exploring authorized Bitcoin mining tasks to optimize power use—the agency plans to ascertain mining operations in areas with extra electrical energy to enhance effectivity and increase income.

    Utilizing surplus power, Rosseti goals to strengthen its monetary place whereas addressing the challenges of unauthorized mining.

    Russia’s Bitcoin mining ecosystem

    The crackdown on unauthorized mining in sure areas comes amid rising demand for crypto-mining gear in Russia.

    In 2024, demand for industrial mining gear reportedly tripled in comparison with the earlier 12 months. The rise could be linked with Russia’s not too long ago launched regulatory framework, which offered extra readability for the mining trade and allowed digital property to be seen as taxable property.

    Nevertheless, authorities are tightening their grip on unauthorized operations. Efforts are underway to trace unlawful miners extra successfully, with regulators pushing for a nationwide registry of mining gear.

    Russian power large Rosseti faces .2 million loss from unlawful crypto miningRussian power large Rosseti faces .2 million loss from unlawful crypto mining



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    THORChain Integrates XRP Ledger to Facilitate Decentralized Swaps

    June 7, 2025

    UK FCA Proposes Lifting Ban on Retail Crypto ETN Funding

    June 7, 2025

    Binance Coin Battles Again—however Can It Actually Hit $700? – BlockNews

    June 7, 2025

    How DeFi Is Powering the Way forward for DAOs – The Each day Hodl

    June 7, 2025
    Latest Posts

    Bitcoin Recovers From $100K Dip Whereas On-Chain Knowledge Exhibits Rising Miner Exercise

    June 7, 2025

    Michael Saylor Points Victorious BTC Tweet: ‘Technique Is Absolutely Torqued Bitcoin’

    June 7, 2025

    Michael Saylor’s Technique Publicizes $979,700,000 Inventory Providing in a Bid to Purchase Extra Bitcoin (BTC) – The Day by day Hodl

    June 7, 2025

    Bitcoin Promote-Off Warning? Miner-To-Change Transfers Hit Historic Highs | Bitcoinist.com

    June 7, 2025

    Metaplanet Goals to Elevate $5.3 Billion to Purchase Extra Bitcoin – Decrypt

    June 7, 2025

    ‘Full porting Bitcoin’ might be Musk's Trump card in feud: Bitcoiners

    June 7, 2025

    Mapping Bitcoin’s Bull Cycle Potential

    June 7, 2025

    Kiyosaki Pushes Bitcoin, Silver as Trump-Musk Feud Roils Markets | US Crypto Information

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    How Good Crypto Insurance policies Can Preserve America Forward within the Tech Race

    February 6, 2025

    Blockchain Life 2025 hosts Worldwide crypto leaders in Moscow

    April 28, 2025

    BREAKING: Binance's CZ Reveals Title of His Canine Amid Memecoin Hypothesis

    February 13, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.