Russian Police Arrested 2 Individuals for Illegal Bitcoin Mining

Russian Police Arrested 2 Individuals for Illegal Bitcoin Mining

Russian police have shut down a makeshift crypto operation, arresting two individuals for engaging in illicit Bitcoin mining activities on […]

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19 Apr 2018 , 17:40 @ Adam

Russian Police Arrested 2 Individuals for Illegal Bitcoin Mining

Russian police have shut down a makeshift crypto operation, arresting two individuals for engaging in illicit Bitcoin mining activities on April 11, 2018.

The mining farm illegally consumed an estimated eight million kW/h worth of electricity which is roughly estimated at nearly 60 million rubles ($984,840).

In February 2018 sources emerged that the Kaliningrad and Leningrad regions, two provinces in the westernmost part of the Russian Federation, had thrown their doors wide open for large-scale crypto miners to come to mine in Russia.

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