15 Oct Russian Church Docked $15,000 for Illegal Bitcoin Mining
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A local utility company in Russia ordered a church to pay higher electricity rates, in line with Russia’s existing legislation.
Church Forced to Pay Higher Electricity Tariff
An Evangelical Church in Irkutsk, Russia, which carried out illegal Bitcoin mining, has been asked to pay a one million rubles fine, equivalent to $15,000. According to Today, local authorities visited the rented building used by the church and found mining equipment.
The local utility company, Irkutskenergo, which visited the building observed that the energy consumed adversely affected the local neighborhood. The utility company also noted an increase in power consumption in May 2017, reaching 2 million kWh by August.
Further investigation showed that the church took advantage of the low electricity tariffs offered to private cryptocurrency mining companies. Following Russia’s existing legislation on cryptocurrency mining, however, the church was ordered to pay higher electricity rates.
The protestant…
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