Crypto Mining News! Mining Hardware Thief Gets 3-Year Sentence in Russia

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Crypto Mining Information!

Crypto Mining News! Mining Hardware Thief Gets 3-Year Sentence in Russia

Russian authorities have investigated various circumstances involving the theft of crypto mining tools up to now months. A resident of Yaroslavl has simply been discovered responsible of stealing mining {hardware} value over $20,000 and sentenced to 3 years in jail.


Crypto Mining Information! Russian Convicted of Stealing Mining Rigs Receives Jail Sentence

A 34-year-old man from town of Yaroslavl, some 250 kilometers northeast of Moscow, has been discovered liable for the theft of kit for cryptocurrency mining. The {hardware}’s worth has been estimated at 1.6 million rubles (nearly $22,000), Forklog reported quoting an announcement by the regional prosecutor’s workplace.

Crypto Mining News! Mining Hardware Thief Gets 3-Year Sentence in Russia

Investigators had been capable of set up that in February of this yr the defendant managed to enter a buddy’s storage the place the units had been deployed. He later tried to mint digital cash on his personal however didn’t arrange the tools correctly.

Because the perpetrator admitted his guilt, the Zavolzhsky District Court docket gave him a suspended sentence of three years with a three-year probationary interval. The stolen mining rigs have already been returned to the proprietor.

Up to now few years, cryptocurrency mining in basements, garages and houses has grown in reputation within the Russian Federation as a further earnings supply. And because it entails the usage of comparatively costly pc tools, crime involving the theft of mining {hardware} has elevated as nicely.


Earlier in August, neighbors stole six rigs with 30 highly effective video playing cards from a room utilized by a crypto miner in Kursk. In line with a report by the native information portal Kurskie Izvestia, the tools was valued at over 4 million rubles (nearly $55,000). The thieves face attainable imprisonment for as much as seven years, the police mentioned.

A variety of related circumstances have been reported in Irkutsk, Forklog famous. In June, regulation enforcement officers detained a 21-year-old man accused of stealing mining {hardware} value 120,000 rubles (over $1,600). He was arrested days after police busted a bunch of a number of individuals liable for the theft of round two dozen mining rigs valued at 2 million rubles (roughly $27,000).

With lots of Russia’s areas offering entry to low cost electrical vitality and funky local weather situations, the nation has round 6.84% of the worldwide hashrate, in keeping with a latest report. Family electrical energy charges are additionally decrease compared with the tariffs in lots of different nations which makes house crypto mining worthwhile.

Do you suppose crime concentrating on crypto miners is on the rise in Russia? Share your ideas on the topic within the feedback part beneath.

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