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‘black miners’ blamed for 1.3 trillion-ruble losses in Russia

In Russia’s terminology, small miners who mine at their homes are often called “gray” as they are not required to register as mining enterprises with the FNS if their consumption does not exceed 6,000 kWh of electricity monthly. Differential rates allow Russian utilities to keep their consumption in check as they are charged more than regular households for the larger amounts of electricity powering improvised mining rigs in basements and garages. Russian grid operator Rosseti has set out to hunt down what it calls “black miners,” or those mining cryptocurrencies on stolen electricity worth billions of rubles. The power company, one of the largest in the world, announced it’s now working with Russian telecoms to expand its toolkit for identifying illegal crypto mining farms across the vast country.State-controlled Rosseti, the energy giant uniting regional grid operators in Russia, is elaborating a new mechanism to pinpoint illegal mining facilities, do you think that the government should allow the small miners to thrive ?

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