Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also increased significantly.
Irkutsk Dealing With Rising Electricity Needs Amid Growing Popularity of Mining
Companies ensuring electricity supplies in the Russian region of Irkutsk have reported a fourfold increase in consumption by the population in 2021 over the previous year, blaming amateur crypto miners for the spike. Quoted by Tass, the Director for Development at Irkutsk Electric Grid Company, Evgeny Vechkanov, pointed to the high crypto prices and China’s mining ban as the main reasons.
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, lo
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