Russian Energy Minister Says Miners Should Pay More for Electricity

Nikolay Shulginov, Russia’s minister of energy, informed the TASS firm on Wednesday that cryptocurrency miners must pay more than homes for electrical power in order to preserve the dependability of the electrical power grid.

The Ministry of Energy is dealing with services, he stated, though it’s uncertain if any specific costs or regulations will be carried out quickly.

The remark comes right after the head of Irkutsk, an area in Siberia popular with crypto miners, grumbled miners are running their operations in domestic structures and taking in big quantities of power at list prices.

Irkutsk Guv Igor Kobzev composed to vice prime minister Alexander Novak previously today, stating electrical power intake in the area has actually grown by 159% considering that in 2015. He blamed prohibited mining and the increase of miners from China following that nation’s regulative crackdown on crypto.

Roman Zabuga, a spokesperson for BitRiver, a significant mining farm in the area, stated crypto mining has actually grown, along with the growing bitcoin cost. He stated that development is originating from residents broadening existing mining operations or beginning brand-new ones.

“These miners are, in truth, utilizing electrical power for homes, on the cost that is supported by the local federal government, for organization functions,” he stated, including that unique tariffs for miners may be presented in the future.

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