Russian law enforcement officials are investigating a crypto mining operation at Butyrka, Russia’s oldest prison. A deputy warden has been accused of stealing electricity to mint digital coins with the help of unidentified accomplices.A high-ranking representative of the management of Butyrskaya prison, in the Tverskoy District of central Moscow, is under investigation for setting up a crypto mining farm.
The investigators have so far established that the official, together with his accomplices who are yet to be identified, installed the mining equipment in November 2021. The rigs were extracting cryptocurrency until February of this year. During that period, the machines consumed almost 8,400 kW of electricity paid by the government at a total cost of more than 62,000 rubles . For this, the deputy warden is accused of “actions that clearly go beyond his powers, thereby significantly violating the legally protected interests of the society or the state.”
Crypto mining with subsidized and sometimes stolen electricity has become an attractive source of additional income for many Russians. Regions such as Krasnoyarsk Krai and Irkutsk Oblast, which have historically maintained low electricity rates for the population and public institutions, have become hotspots of the unauthorized activity.
Crypto mining is a decentralised process of validating transactions on a blockchain network.For verifying each transaction, miners receive a reward which is where the profits come from.
Russia is shooting itself in the foot again by not allowing Russians to weaken the government power. More power for those corrupt official. They are the only one who are keeping russia's economy running.
YourCryptoFeed I'm sure there are a lot more government facilities in Russia doing the same thing
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This is a great illustration of how corruption flourishes.
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Instead of trading cigarettes, they're trading sats. 😂🤣
Lol, they just wanted to mine some sats
8400 Watts May Be no more than 2 3 btc machines
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I’ve always known they are up to no good, thanks to hiltonsbtc I’ve mined from his farm and earned for myself a token daily lol
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people just want to make some coins,lol
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3 of my customers got arrested in Russia too. But the big Question is why are they arresting miners when energy is actually cheaper over there. Pray4Russians
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