The Russian authorities have been investigating a number of cases relating to the theft of crypto mining devices over the past few months. A Yaroslavl resident has just been convicted of stealing mining hardware worth over $ 20,000 and sentenced to three years in prison.
Russian sentenced to prison for stealing mining platforms
A 34-year-old man from the city of Yaroslavl, around 250 kilometers northeast of Moscow, was held responsible for stealing equipment used to mine cryptocurrencies. The hardware was valued at 1.6 million rubles (nearly $ 22,000), Forklog reported, citing an announcement from the regional prosecutor’s office.
Investigators were able to determine that in February of this year the defendant managed to break into a friend’s garage where the devices were stationed. He later tried to mint digital coins himself but failed to set up the devices properly.
When the perpetrator admitted his guilt, the Zavolzhsky District Court sentenced him to a three-year suspended sentence with a three-year probationary period. The stolen mining rigs have already been returned to the owner.
In recent years, mining cryptocurrencies in basements, garages, and houses in the Russian Federation has grown in popularity as an additional source of income. And since it is relatively expensive computer equipment, crime related to mining hardware theft has also increased.
In early August, neighbors stole six rigs with 30 powerful graphics cards from a room used by a crypto miner in Kursk. The equipment was valued at over 4 million rubles (nearly $ 55,000), according to a report by local news portal Kurskie Izvestia. The thieves face a prison sentence of up to seven years, the police said.
A number of similar cases have been reported in Irkutsk, Forklog noted. In June, police officers arrested a 21-year-old man who was accused of stealing mining hardware worth 120,000 rubles (over $ 1,600). He was arrested days after police arrested a group of several people responsible for stealing around two dozen mining platforms worth 2 million rubles (about $ 27,000).
With many regions of Russia having access to cheap electrical energy and cool climates, the country has about 6.84% of the world’s hash rate, according to a recent report. Household electricity prices are also lower compared to tariffs in many other countries, which makes crypto mining profitable at home.
Do you think crime against crypto miners is increasing in Russia? Do share your thoughts on the matter in the comments below.
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