The Ministry of Energy proposes to increase electricity transmission tariffs for industrial cryptocurrency mining farms by two to five times. Kommersant reports this with reference to sources.
According to their information, the increase in tariffs will primarily affect energy-deficient regions, including Buryatia, the Trans-Baikal Territory and the Irkutsk region. A significant portion of mining data centers are located there, which is already leading to a shortage of generation.
The ministry’s goal is to force miners to move to regions with excess capacity.
However, farm owners believe that the initiative discriminates against legal electricity consumers and will lead to a shutdown of the industry due to losses.
Earlier, the Ministry of Energy estimated that electricity consumption by cryptocurrency miners in the Russian Federation in 2023 reached 1.5 GW.
Let us remind you that the bill regulating the industry has been registered in the State Duma of the Russian Federation since mid-November 2022. It obliges individuals and legal entities to report to the tax service about mined cryptocurrencies, indicating the deposit address. Its adoption is expected in 2024.
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