RATE Group | Church Mining Cryptocurrency Told to Pay Higher Electricity Rates
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Church Mining Cryptocurrency Told to Pay Higher Electricity Rates

15 Oct Church Mining Cryptocurrency Told to Pay Higher Electricity Rates

Posted at 00:49h in Cryptocurrency News by

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Church Mining Cryptocurrency Told to Pay Higher Electricity Rates

Mining

The outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking advantage of lower prices offered to private consumers to mint digital coins. However, the region’s utility company says it should pay more because of the excessive energy consumption.   

Also read: Despite Setbacks Crypto Wages Still an Option for Russians, Poll Finds

Church Mines Cryptos, Wants Cheaper Electricity

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