Power Utility Trial Mining Cryptocurrency by Russians at Their Homes, Raise Electricity Price

Power Utility Trial Mining Cryptocurrency by Russians at Their Homes, Raise Electricity Price

A Russian power utility has found a way to rise electricity rates for user mining cryptocurrency using household electricity. The zonal distribution company has taken dozens of amateur miners to court and has already won some of the cases.

A power wholesaler in the Russian zone of Irkutsk, has figured out how to get an increment of the power levies for crypto mining ranches set up in private homes. The utility had the option to demonstrate in court that their proprietors are completing business exercises while purchasing power at the low costs implied for family buyers.

The venture has documented 85 claims this year against individuals engaged with home crypto mining with claims adding up to 73.3 million rubles (more than $980,000). It has effectively won nine cases from which it is hoping to get 18.7 million rubles ($250,000), the Russian business every day Kommersant announced. The court has obliged these diggers to pay for power at business rates later on.