Russian power grid operator Rostyy reported more than 1.3 billion rubles due to illegal crypto mining works in 2024, which surrounded power through unauthorized connections.
Russian power grid company Rostyy Informed Loss of more than 1.3 billion rubles in 2024 due to illegal connection by unauthorized crypto miners. The northern Caucasus caused the highest recorded disadvantages, where Rosty Sevary Kavkaj reported more than 600 million rubles. In Novosibirsk, the loss was 400 million rubles, while the Rosty Center and Prevolzhai recorded 120 million rubles in the loss.
Rostyy confirmed that 130 cases of unauthorized network connections and unaccounted power consumption were identified and closed. More than 40 criminal cases were initiated under the Russian Criminal Code.
Its impact on irregular crypto mining and power grid is an increasing concern for Russia. In response, Russia launched a national registry for crypto miners in November 2024. The miners were required to present their information, including wallet addresses, the purpose of the government is to bring the industry under official inspection. However, while the registry aims to prevent illegal energy consumption, the miners are afraid that if their data is leaked, they can become a goal for international sanctions.
Apart from Russia, unauthorized Crypto mining is emphasizing power grids in Iran, Malaysia, ThailandAnd in the recent years, Venezuela has been trying to tighten the practice with several court officials.
