Cryptocurrency, Featured

Russian Church Fined One Mln Rubles For Utilising Sizeable Amounts Of Energy Towards Bitcoin Mining

A local utility company in Russia ordered a church to pay higher electricity rates, in line with Russia’s existing lawmaking. A Zealous Church in Irkutsk, Russia, which approved illegal bitcoin mining, has been told to make a payment of one million rubles fine, which is equal to $15,000. According to the sources the church came under the disbelief of authorities because it was using a big amount of energy, which let the surrounding areas to develop adversely affected.

The examination allowed officials to the mining process to run within a building lent by the church. Consequently, the administrators forced the church authorities to pay the electricity bill, which totaled 1 million rubles ($15,000).

This examination took place somewhere in the month of May till August 2017 when a power firm in Russia, Irkutskenergo, noticed that its electricity consumption raised at a higher speed. At the start of August, the consumption increased to two million kWh. Additionally, the local church stated that the huge electricity consumption was due to the central heating system and its printing office equipment.

However, the Irkutsk Regional Arbitration Court lined against the church, stating that the greater charges were simply lucid, as stated in CCN. However, this is not the first time that a group has been doing bitcoin mining when it mustn’t have in Russia, as Russian engineers at the Russian Nuclear Center are facing illegal charges for using a processor to mine bitcoin earlier this year.

One of Canada’s backwaters, Quebec, also decided to make electricity expensive for digital currency miners. According to Hydro-Quebec, it was looking for a technique to deal with the invasion of miners in the authority.

There have been a number of instances of much greater bitcoin mining facilities powered by stolen electricity. As stated in Crypto News Review, similar cases can be seen elsewhere. For instance, in Florida, one of the workers of the state’s Department of Citrus was under arrest having some connection with crypto mining. In March, two former government employees of Crimean were fined 30,000 rubles for apparently mining cryptocurrencies. Given the extreme electricity demands in cryptocurrency mining, hiding it from authorities is showing rather tricky.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
coinmag

Janhvi has been working as a content writer/editor for many years. With her interpersonal skills, she has the ability to generate content in a clear and precise manner. She is currently writing cryptocurrency news stories for OWLT Market.

Leave a Comment

Your email address will not be published. Required fields are marked *