Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’
Sep 6, 2023
By Tim Alper | @tim-alper
An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed.
Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin Oblast (in the Russian Far East).
The power provider, Sakhalinenergo, said that its workers “discovered an illegally connected transformer substation” on the premises of a “construction company.”
The miner caused “a large amount of damage” to the provider’s networks, the media outlet noted.
The power provider stated that the miner connected an unspecified number of crypto mining rigs directly to the grid, which they housed in two container units.
The miner allegedly “illegally connected a transformer substation with a capacity of 1250 kVA” to the Sakhalinenergo networks.
The equipment’s total capacity was “about 4 million kW/h,” the firm noted.
The miner allegedly bypassed metering systems and did not declare their operations.
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