A power provider in Siberia recently discovered an illegal cryptocurrency mining operation on its own property. The company, which was conducting routine checks on its power supply infrastructure, stumbled upon the unauthorized “farm” while inspecting a power substation.
The crypto miners had set up a sophisticated operation with numerous mining rigs that were consuming a significant amount of electricity. The power provider immediately shut down the illegal operation and reported the incident to the authorities.
Cryptocurrency mining requires a large amount of electricity to power the complex computer systems that solve mathematical equations to generate new coins. Illegal mining operations can cause disruptions to the power grid and result in higher electricity bills for legitimate customers.
The power provider in Siberia is cracking down on unauthorized crypto mining activities on its property to ensure the integrity of its power supply infrastructure. Authorities are investigating the incident and taking action against the individuals responsible for the illegal operation.
It serves as a reminder that crypto mining regulations are in place for a reason and that illegal activities will not be tolerated. Crypto miners must comply with local laws and regulations to avoid facing consequences for their actions.