The demand for GPUs in Russia has surged by 233% due to illegal mining activities. This increase is attributed to high crypto prices and low electricity rates, leading many to engage in ‘black mining,’ resulting in significant financial losses.
Illegal mining has inflicted over 10 billion rubles in damages. Experts warn that this trend could lead to broader energy crises similar to those experienced in Iran and Kazakhstan, highlighting the urgent need for regulatory measures.
The Russian government is taking steps to combat illegal mining, including prohibiting activities in various regions. Strategies include proposed bans on mining in data centers and measures to limit energy consumption during peak hours.
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