Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners


The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament.

Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says

Russia’s Federal Anti-monopoly Service (FAS) has designed a scheme to charge amateur crypto miners increased rates for the electricity they use. The agency insists its approach to solving the problem with rising consumption in residential areas, due in part to the growing popularity of mining, can reduce the load on the electrical networks.

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Authorities in the Russian Federation maintain differentiated electricity tariffs depending on the status and location of consumers, the

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