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Video: Police catch clandestine farm with 500 bitcoin mining machines in Russia


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Police in Dagestan, a republic of Russia bordering Georgia and Azerbaijan, discovered a clandestine bitcoin mining farm in the city of Makhachkala that stole electricity from the local power grid.

According to information published on Saturday (06), by the Ministry of Internal Affairs of Dagestan, the loss in the electricity bill can reach 34 million rubles (about R $ 2.5 million).

According to the agency, the site used to extract bitcoin and litecoin is in the suburb of Nova Hushet and was rented last month by a 30-year-old man.

According to the publication, the man illegally connected the equipment to the city's power grid and took the cables to the third floor of the building.

At the site, 518 organized cryptocurrency miners were found in operation. In the space, fans suitable for activity were installed.

According to the ministry, a criminal case was opened based on a crime under the Russian Federation Penal Code.

According to the publication, a preliminary investigation is underway and the crime can be understood as "damage to property due to fraud or breach of trust".

Watch the video below:

Theft of electricity for mining

Last month, Rosseti, Russia's public electricity company, revealed a loss of about R $ 32 million (450 million Russian rubles) due to the illegal use of electricity in cryptocurrency mining.

According to a publication in the official Telegram of the state-owned company, the company considered only the last three years of activities in the sector in 20 regions of Russia; the country has 85.

According to the state-owned company, since 2017, when mining activity started to grow, the company has registered clandestine activities.

Theft of electricity took place by two means: construction of underground and underground energy networks; and tampering with meters.

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