Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Russia’s 17th-Century Prison Turns Into Crypto Mining Farm

Cryptocurrency May 23, 2022 07:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Russia’s 17th-Century Prison Turns Into Crypto Mining Farm

  • Illegal crypto mining farm uncovered in 1771-built Moscow prison.
  • Charges of illicit mining and stealing electricity have been pressed against a deputy warden.
  • The Deputy Energy Minister believes legalizing mining would reduce the problem of power shortage.

Russian Law Enforcement officials have uncovered an illegal crypto mining operation at Russia’s oldest prison. A deputy warden of Moscow’s Butyrskaya prison has been accused of setting up the mining farm by stealing electricity with the help of unauthorized accomplices.

The Russian Federation’s Investigative Committee confiscated digital coin mining hardware from the premises of the prison’s psychiatric clinic. The investigation revealed that the high-ranking representative of the management, the deputy warden, with the help of some coworkers, established this mining farm in November 2021 and carried out mining till February 2022.

During this period, the machines operated for mining used above 8,400 kW of electricity, which was paid for by the government at a cost of over 62,000 rubles ($1,000).

The accusation a ...

Continue reading on CoinQuora

Russia’s 17th-Century Prison Turns Into Crypto Mining Farm
 

Related Articles

DeSci: Tech trees to fund ambitious science and tech
DeSci: Tech trees to fund ambitious science and tech By Cointelegraph - Jul 03, 2022 1

Have you ever played the game series Civilization, created by designer Sid Meier? Through the years, much has changed, but one of the unchanging hallmarks of the series has been...

6 Questions for Alyssa Tsai of Panony
6 Questions for Alyssa Tsai of Panony By Cointelegraph - Jul 03, 2022 1

This week, our 6 Questions go to Alyssa Tsai, founder and CEO of Panony an incubator, investor and adviser for blockchain and Web3 business. My name is Alyssa Tsai, and Im the...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email