russia

Russia's Crypto Heist Shows Why Mining Bans Backfire

Russia's Crypto Heist Shows Why Mining Bans Backfire

Necessity is the mother of invention, and I think that’s completely awesome, too, because desperation really does bring out the innovation. Sometimes, though, that innovation is very bad. Screening empty cities across Russia. One mobile crypto mining farm had hidden its setup inside a truck, authorities found, and was tapping...

Crypto Truck Heist: Russia's Wake-Up Call for Green Mining?

Crypto Truck Heist: Russia's Wake-Up Call for Green Mining?

Now picture a world in which cryptocurrency, rather than a black hole of investment, serves as the driving force behind the expansion of renewable energy. Sounds like a pipe dream, right? Maybe not. The recent crypto truck heist on the streets of Russia has renewed interest. This recent event in...

Russian Authorities Bust Mobile Crypto Mine Siphoning Village Electricity

Russian Authorities Bust Mobile Crypto Mine Siphoning Village Electricity

Russian law enforcement have recently discovered an illegal mobile cryptocurrency mining operation which had been siphoning power from a local village. Authorities found the installation in the Pribaikalsky District of the Republic of Buryatia, eastern Siberia. The odd turn of events is the sixth stolen electricity case tied to cryptocurrency...

Crypto Mine on Wheels Busted for Stealing Village Power in Russia

Crypto Mine on Wheels Busted for Stealing Village Power in Russia

Russian authorities have shut down one of the most unique illegal cryptocurrency mining operations ever seen—one that was hidden inside a KamAZ truck—located in Buryatia. Our covert operation had been stealing power from an adjacent community—wreaking havoc on the place’s grid. This marks the sixth documented case of electricity theft...

Russia's Crypto Truck: A Wake-Up Call on Mining's Real-World Risks

Russia's Crypto Truck: A Wake-Up Call on Mining's Real-World Risks

A KamAZ truck, loaded with 95 mining rigs, illegally draining power from a 10-kilovolt line in Buryatia. This may sound like the plot line of a terrible action movie, but it’s true. And it’s a lot more than an eccentric-niche news brief. The crypto gold rush has had unintended consequences,...

Truck-Based Crypto Mine Busted: Power Theft in Russia!

Truck-Based Crypto Mine Busted: Power Theft in Russia!

The world of cryptocurrency and blockchain technology is full of promise. One another such rising worry, though, is illegal crypto mining — especially where energy is cheap. For the past few years Russia has experienced an upsurge of these operations often resulting in severe environmental, social and economic repercussions. This...

Is Russia's Truck Crypto Mine Bust the Future of Decentralized Energy?

Is Russia's Truck Crypto Mine Bust the Future of Decentralized Energy?

Alright, a portable crypto mine stuffed into a KamAZ truck in Russia. As absurd as it may seem, this bona fide proposition sounds like something pulled directly from a terrible action-movie script. Rather than write it off as unadulterated foolishness, let’s stop and think. Might this strange action provide us...