A Large Mining Farm Disclosed in Old Orenburg Factory in Russia

A Large Mining Farm Disclosed in Old Orenburg Factory in Russia

Russians keep showing interest in cryptos as more and more of miners are caught there for illegally producing bitcoins and consuming too much energy.

In the Russian city of Orenburg, a large mining farm was disclosed on the territory of a former factory of mechanical rubber products.

Not Mining – Electricity As The Reason For Suspension

According to several Russian local media reports, the local law enforcement representatives suspended the activity of the farm in Orenburg due to assumptions over the theft of electricity.

As local police officers unveiled, the power was allegedly being stolen from the transformer station, located nearby.

As of writing, it remains unknown how come precisely the crypto miners managed to connect to the electrical grid. It is also unclear whether they were using the power for free or not.

What Is The Damage?

As per preliminary estimates, the damage from illegal actions of the miners amounted to about 60 million roubles (over $1 million) .

Therefore, the Russian law enforcement authorities currently plan to institute criminal proceedings under article “Grand theft.” According to it, the crypto miners will have to face ten years of incarceration.

How Big Was The Farm?

In the photos, released by the city police, the crypto farm on the factory is enormous. In particular, it occupied the entire one-floor building.

There, were staying rows of ASIC, specialized equipment for mining bitcoins.

Because these facilities are so powerful and have increased productivity, they dissipate heat in vast quantities. To cool them down, Orenburg miners established in the building giant potent fans.

By the way, it is not the first case like this discovered in Russia. Some weeks ago, Russian scientists, who worked at the most secret nuclear center of the country in the city of Sarov, were caught for allegedly mining cryptos right on the supercomputer.

Robinhood Crypto and Libertyx Get Licenses From New York State Regulator
According to reports, The New York State Department of Financial Services has issued licenses to crypto-players Robinhood Crypto and Libertyx...
Crypto-Mogul McAfee Admits Not Paying Taxes for 8 Years, Flees the US
John McAfee, a controversial cryptocurrency personality, has fled the US upon being indicted by the country’s tax authorities. The American...
Holds 100 Cryptos, Bluetooth-Enabled: Ledger Presents New Hardware Wallet
As the entire crypto-market is struggling to recover, led by news.Bitcoin.com, Ledger, a hardware wallet producer, has...
In 2018 BTC «Died» 90 Times, While There Were 1,000 «Dead» Altcoins
2018 was a true challenge for bitcoin and its pals. It had many downs, which media and naysayers noted a lot. Many times they designated bitcoin...
Report: Survey Shows People Use Cryptos More For Remittances
People tend to send remittances using bitcoin and its brethren more shows new research by a BLT-centered research company. Such a spike can be...
Unknown Dev Mined Extra 2 Million Bitcoin Private Units, Secretly
Around 2 million coins of Bitcoin Private — an altcoin which bears the name of the «big daddy» — has been premined suspiciously when there was...
Facebook May Issue a Stablecoin to Send Money on WhatsApp — Bloomberg
Has the world just stopped discussing Facebook hiring five blockchain specialists as another news has arrived. Relying on anonymous sources...
«Why Didn’t I Buy it Then?»: As BTC’s $3,700, Experts Ponder on Its Future
As bitcoin has just celebrated the anniversary of its almost $20,000 record, the world does not stop talking about it. After a terrifying dip, on...
Final G-20 Summit Declaration Talks About Crypto-Regulation
G-20 countries might initiate a regulatory oversight regarding cyber-assets. This is an idea they incorporated in a final declaration signed upon the...
Here’s Why Crypto-Market Shed $700 bln Since January
The entire market of cyber-coins lost almost $700 billion since the beginning of 2018. At present, the crypto-ecosystem is going through a massive...