Russian utility takes 137 cryptocurrency miners to court over electricity bills.
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity.
The executive pointed out that cryptocurrency mining significantly increases the volume of consumed electrical energy in the region. While in 2020, Irkutskenergosbyt’s customers used about 7 billion kilowatt-hours , in 2021 the figure approached 8 billion kWh. At the same time, the number of private households and apartment buildings has remained almost unchanged.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: