Russia has always been an interesting country when it comes to cryptocurrency. Government officials remain on the fence about whether or not to allow this industry to thrive. The Russian Interior Ministry has suddenly decided to halt several Bitcoin mining operations due to the “misappropriation of electricity” in Orenburg. Bitcoin Mining in Orenburg is Problematic There have been many reports regarding the electricity use of Bitcoin mining operations. A lot of mining ventures use so much electricity that they can overload the power grid. Not every part of the world can deal with this increased demand for electricity, though. In Orenburg, Russia,Powered by WPeMatico
A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment. Also read: Bitmain Opens Repair Center […]