Illegal crypto mining caught in Russia’s oldest prison, warden accused of electricity theft

Russia’s oldest prison, called Butyrka, has emerged as a site for illegal crypto mining activities. A high-ranking prison warden has also been accused of stealing electricity from other parts of the prison to facilitate crypto mining from within the facility. Built in 1771 in central Moscow, Butyrka is over 250 years old and holds 2,000 prisoners. For the time being, a police investigation has been started into the crypto mining activities inside the prison.

The matter came to light when mining equipment was seen inside a psychiatric clinic run by the Federal Penitentiary Service in prison.

Investigating officers suspect that cryptocurrency is being generated from inside the prison since November 2021, bitcoin.com said in a report.

More than 8,400 kW of electricity is estimated to be used by miners between November 2021 and February this year cryptocurrency from within a government facility. In a wider picture, Russia’s government actually paid for the electricity that was diverted to the facility. crypto mining Operation in prison.

As of now, the details about the warden facing the investigation and the associates concerned in the case are not clear.

The process of crypto mining is notorious huge power consumption and disrupting the power supply of the areas.

including many regions around the world China, Kazakhstanand Georgia Svaneti Town Cryptos have been crippled due to lack of electricity due to mining.

However, Russia wants to legalize crypto mining so that energy can be produced in the required capacity without disrupting the lives and industrial activities of its citizens.

In January this year, Russian President Vladimir Putin noted That the country has an advantage in mining cryptocurrencies.

Back in March, Russian Deputy Minister of Energy Evgeny Grabchak also batted during the First National Conference of Legal in favor of eliminating legal emptiness and regulating crypto mining. crypto miners In the Irkutsk region of Russia.

Grabchak has stated that it is essential to identify suitable mining sites in the country and manage the power, especially at regional levels, keeping in mind the crypto mining requirements.


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