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

Russian authorities have investigated quite a lot of instances involving the theft of crypto mining gear previously 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.

Russian Convicted of Stealing Mining Rigs Receives Prison Sentence

A 34-year-old man from town of Yaroslavl, some 250 kilometers northeast of Moscow, has been discovered answerable for the theft of apparatus 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.

Investigators had been in a position to 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 did not arrange the gear correctly.

As the perpetrator admitted his guilt, the Zavolzhsky District Court 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.

In the previous few years, cryptocurrency mining in basements, garages and houses has grown in reputation within the Russian Federation as an extra income source. And because it includes using comparatively costly laptop gear, 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. According to a report by the native information portal Kurskie Izvestia, the gear was valued at over 4 million rubles (nearly $55,000). The thieves face potential imprisonment for as much as seven years, the police mentioned.

A variety of comparable instances 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 folks answerable for the theft of round two dozen mining rigs valued at 2 million rubles (roughly $27,000).

With a lot of Russia’s areas offering entry to low cost electrical power and funky local weather circumstances, the nation has round 6.84% of the worldwide hashrate, based on a latest report. Household electrical energy charges are additionally decrease as compared with the tariffs in lots of different international locations which makes home crypto mining worthwhile.

Do you assume crime focusing on crypto miners is on the rise in Russia? Share your ideas on the topic within the feedback part under.

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