Mining Hardware Thief Gets 3-Year Sentence in Russia – Mining Bitcoin News

1 month ago

Russian government have investigated quite a few instances involving the robbery of crypto mining apparatus prior to now months. A resident of Yaroslavl has simply been discovered responsible of stealing mining {hardware} price over $20,000 and sentenced to 3 years in jail.


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Russian Convicted of Stealing Mining Rigs Receives Jail Sentence

A 34-year-old guy from town of Yaroslavl, some 250 kilometers northeast of Moscow, has been discovered accountable for the robbery of apparatus for cryptocurrency mining. The {hardware}’s price has been estimated at 1.6 million rubles (virtually $22,000), Forklog reported quoting an announcement by way of the regional prosecutor’s administrative center.

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Investigators have been in a position to ascertain that during February of this 12 months the defendant controlled to go into a pal’s storage the place the units have been deployed. He later attempted to mint virtual cash on his personal however didn’t arrange the apparatus correctly.

Because the offender admitted his guilt, the Zavolzhsky District Courtroom gave him a suspended sentence of 3 years with a three-year probationary length. The stolen mining rigs have already been returned to the landlord.

Prior to now few years, cryptocurrency mining in basements, garages and houses has grown in reputation within the Russian Federation as an extra source of revenue supply. And because it comes to the usage of rather pricey pc apparatus, crime involving the robbery of mining {hardware} has higher as smartly.

Previous in August, neighbors stole six rigs with 30 robust video playing cards from a room utilized by a crypto miner in Kursk. In keeping with a file by way of the native information portal Kurskie Izvestia, the apparatus used to be valued at over 4 million rubles (virtually $55,000). The thieves face conceivable imprisonment for as much as seven years, the police stated.

Various equivalent instances were reported in Irkutsk, Forklog famous. In June, legislation enforcement officials detained a 21-year-old guy accused of stealing mining {hardware} price 120,000 rubles (over $1,600). He used to be arrested days after police busted a bunch of a number of other people accountable for the robbery of round two dozen mining rigs valued at 2 million rubles (roughly $27,000).

With lots of Russia’s areas offering get admission to to reasonable electric power and funky local weather prerequisites, the rustic has round 6.84% of the worldwide hashrate, consistent with a up to date file. Family electrical energy charges also are decrease compared to the price lists in lots of different international locations which makes house crypto mining winning.

Do you assume crime concentrated on crypto miners is on the upward push in Russia? Percentage your ideas at the matter within the feedback phase under. 

Tags on this tale

Arrested, convicted, Courtroom, Crypto, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, detained, Irkutsk, Kursk, Regulation Enforcement, Miners, mining, mining apparatus, mining {hardware}, mining rigs, officials, Police, prosecutor’s administrative center, Russia, russian, sentence, video playing cards, Yaroslavl 

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