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Illegal crypto mining farms drive Russian power concerns

Russia faces persistent issues with illegal crypto mining, especially in Siberia. The region’s low energy costs and cold temperatures attract miners but also lead to power outages. A recent fine of over 3,120 USD highlights ongoing violations involving public land.

Despite efforts to curb illegal mining, new projects are emerging. In regions like Tyumen and the Komi Republic, developers are exploring alternative mining sites. These initiatives aim to balance economic opportunities for miners with regional power supply challenges, emphasizing the complex state-mining industry relationship in Russia.

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