Russia Targets Illegal Miners with Tough New Rules
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Russia to cut electricity for illegal miners during high-demand power periods. New national registry launched to monitor crypto mining devices across Russia. Home crypto miners limited to 6,000 kWh monthly to prevent abuse. Russia is planning to tighten its rules for cryptocurrency miners. The government wants to stop illegal mining and protect the country’s power supply. Recently, in Moscow, there was a meeting of the Russian Cabinet of Ministers. Numerous officials were present. The deputy prime minister was briefed by major departments. These included the Ministry of Energy, the Federal Tax Service, and the agency for supervising communications and technology. They all discussed new ways to regulate crypto mining. Russia May Cut Power to Illegal Crypto Miners During Peak Hours A major idea is to cut off illegal miners to the grid. This will occur when there is high demand of electricity. This plan will be completed soon at the Ministry of Energy. This implies that the miners can be turned off during peak hours to conserve energy to the households and other basic necessities. Meanwhile, Russia has initiated a national crypto mining machinery registry. The Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development cooperate when it comes to creating this new registry. The objective is just easy. They just want to know precisely how many mining machines are operating in Russia. With the monitoring of these machines, they can control the stress of the power grid better. Moreover, the importation of mining equipment has new regulations. This has been changed as now any mining devices imported into Russia should be labeled and certified. This will assist the government in determining the legal and illegal activities. According to officials, this will prevent individuals from using uncertified gadgets that may consume enormous power. Alexander Novak, the…
