Bitcoin

Tomskvodokanal, a water utility company, has admitted to <a href="https://ultramining.com/news/en/bitcoin-mining-reshaping-landscape-amid-global-interest-surge/" rel="noopener noreferrer nofollow">hosting</a> a cryptocurrency mining farm on its municipal water intake site. This move was made after a recent purchase of the site for nearly 200 million rubles. The noise from the operation has been causing sleepless nights for local residents, according to <a href="https://tomsk.mk.ru/social/2023/09/25/prokuratura-tomskogo-rayona-proveryaet-informaciyu-o-mayningferme-v-sele-kaydalovka.html" rel="noopener noreferrer nofollow">mk</a>. 
Interestingly, the crypto <a href="https://ultramining.com/news/en/immersion-cooling-transforms-chinas-crypto-mining-landscape/" rel="noopener noreferrer nofollow">mining equipment</a> is powered by modern gas-piston generators initially acquired to produce heat. The clever disguise allows the cost of <a href="https://ultramining.com/news/en/crypto-mining-with-flare-gas-a-green-solution-or-environmental-setback/" rel="noopener noreferrer nofollow">electricity</a> for crypto mining to be masked as heat consumption by the community. The mining farm comprises one thousand S19 miners for Bitcoin and one hundred L7 miners for <a href="https://ultramining.com/en/ratings/litecoin/" rel="noopener noreferrer nofollow">Litecoin</a>. According to the experts from the "People's Front," who discovered the farm, the mining activities earn the owners up to 800,000 rubles per day. 
This is not an isolated incident. In 2022, another major mining farm was found in the Makhachkalavodokanal territory. The discovery led to a hefty bill from "Rosseti" for <a href="https://ultramining.com/news/en/crypto-mining-with-flare-gas-a-green-solution-or-environmental-setback/" rel="noopener noreferrer nofollow">electricity</a> consumption amounting to 26 million rubles. Due to <a href="https://ultramining.com/news/en/russia-s-energy-ministry-charges-forward-to-legalize-crypto-mining/" rel="noopener noreferrer nofollow">Russia</a>'s low electricity costs, many see crypto mining as an attractive, albeit controversial, income stream. Although utilities could technically use mining profits for equipment repairs, they usually funnel the money elsewhere and seek state budget funds for modernization. 
These cases raise ethical and legal questions, as well as concerns over community well-being. Noise pollution and potential utility fraud are the immediate impacts.&nbsp;

Tomskvodokanal’s Covert Mining Farm Disrupts Neighborhood and Bypasses Utility Costs

Ultramining_Eng

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