The rising volume of energy consumption by power distribution companies in Russia and the high load on the grid in residential buildings has led firms to identify only those fit for the job, while Pavel Snickers, deputy minister of energy, told the Russian press that the government Authorities have started questioning daily illegal miners while crypto mining is not fully regulated yet and of course such activities are not clearly banned yet and can be proved in courts These consumers are not using electricity for gazal needs.
As you know, lawyers interviewed by the newspaper stated that in at least 10 cases, suppliers have been able to cover the difference between the reasonable rates domestic miners require for normal periods and otherwise It is required for payment of tariff and traders and increase in consumption of electricity sees their suspicion as protest whereas the electricity used for commercial purposes is subject to price verification and issue of a fresh invoice. And we know for sure that after all the courts have tried to prove their claims. According to Pawel Snickers it has certainly been proven.
Irkutskenergosbyt, which could be called the “mining capital of Russia” and was certainly one of the first to tackle the issue in 2021 and, according to this year’s report, the power distribution in the energy-rich region of Irkutsk in the Siberian region The crypto miner, who lives in rural districts with high rates starting at only $0.01 per kWh, has paid a fine of 100 million rubles. He has already paid a fine of 100 million rubles (about $1.7 million at the time).
Last week, Pavel Snikkars revealed how cryptocurrency increases Russia’s overall electricity consumption and can be expected to make that possible, stressing that some areas have Mining is a huge problem where the industry and infrastructure are not able to handle the load and new energy companies are looking for ways to ensure a reliable supply for other users.
Where Oleg Ogienko, director of government relations at Bitriver, one of Russia’s largest mining operators, states that Russian crypto mining requires approximately 1.7 GW of electricity and that 50 to 60% of the load is used in the industrial segment of the market. Is. Where mining is one of the two related activities and wants a strict and sound regulatory and strict enforcement to take advantage of the country’s competitive advantage such as cheap energy resources and cool climatic conditions in the other.
In November, a legislative move by a group of lawmakers to regulate digital currencies such as bitcoin and other currencies through amendments to the country’s existing law on digital financial assets and that of the Law of Russia Endorsed by and is expected to see 100% adoption by next year. Where power utilities are engaged to find out their increased consumption and try to pay them at commercial rates.
