Masked Men Rob Large Crypto Mining Farm Near Moscow – Mining Bitcoin News

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Masked Men Rob Large Crypto Mining Farm Near Moscow – Mining Bitcoin News
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According to local media reports, armed robbers looted a large cryptocurrency mining facility not far from the Russian capital. Dozens of video cards have been stolen by unidentified perpetrators in the latest incident involving the theft of coin minting hardware, which has been on the rise in Russia.

Unknown attacker steals mining equipment from Russian crypto farm

A crypto mining farm in the village of Kuchino, near the city of Domodedovo in the Moscow region, was attacked by thieves, Russian crypto news outlet Bits.media reported on Wednesday. The mining facility is located in a warehouse owned by the Vkusvill supermarket chain.

Four people wearing masks entered the warehouse, threatening guards with weapons and handcuffing them, according to employees of the security company in charge of the compound.

The attackers then took four containers containing about 100 graphics processing units (GPUs) and other hardware used to extract digital currency. Law enforcement authorities estimate the value of the stolen mining equipment to be around 1 million rubles (over $18,000 at the time of writing).

Ledger

The perpetrators also tried to hide their tracks by stealing storage devices with video recordings from surveillance cameras. Russian police are now looking for the thieves, who could face up to 12 years in prison if they are caught.

It was another case of theft of minting hardware in Russia following the disappearance of the operator of a mining hotel in Irkutsk in June, with mining equipment worth about $1.9 million stolen from their customers. With the growing popularity of mining, the number of such incidents has increased over the past few years.

Bitcoin mining is one of the crypto-related activities not yet regulated in the Russian Federation. The cool climate and low energy prices in parts of the country are seen as a competitive advantage for the development of the industry.

At the same time, Russian authorities have been taking steps to limit the popularity of home crypto mining by raising the electricity bills that Russians temporarily install in basements and garages. This phenomenon has led to excessive electricity consumption and failures of residents in areas where residential electricity consumption is heavily subsidized.

tags in this story

crypto, crypto farm, crypto mining, cryptocurrency, cryptocurrency, mining equipment, mining equipment, mining farm, mining hardware, mining machines, moscow, regulations, robbery, russia, russia, theft, thieves

Do you expect theft of crypto mining hardware in Russia to continue to increase? Let us know in the comments section below.

Lubomir Tasev

Lubomir Tassev, a journalist from tech-savvy Eastern Europe, likes Hitchens’ famous quote: “Being a writer is who I am, not what I do.” Beyond crypto, blockchain and fintech, international politics and The economy is two other sources of inspiration.

Image credits: Shutterstock, Pixabay, Wiki Commons

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