Nikolay Shulginov, Russia’s minister of power, informed the TASS company on Wednesday that cryptocurrency miners ought to pay greater than households for electrical energy so as to keep the reliability of the electrical energy grid.
The Ministry of Power is engaged on options, he mentioned, although it’s unclear if any explicit payments or directives might be applied quickly.
The comment comes quickly after the pinnacle of Irkutsk, a area in Siberia fashionable with crypto miners, complained miners are working their operations in residential buildings and consuming giant quantities of energy at retail costs.
Irkutsk Governor Igor Kobzev wrote to vice prime minister Alexander Novak earlier this week, saying electrical energy consumption within the area has grown by 159% since final 12 months. He blamed unlawful mining and the inflow of miners from China following that nation’s regulatory crackdown on crypto.
Roman Zabuga, a spokesman for BitRiver, a serious mining farm within the area, mentioned crypto mining has flourished, alongside the rising bitcoin value. He mentioned that progress is coming from locals increasing present mining operations or beginning new ones.
“These miners are, in reality, utilizing electrical energy for households, on the worth that’s backed by the regional authorities, for enterprise functions,” he mentioned, including that particular tariffs for miners may be launched sooner or later.