A man got apprehended for mining cryptocurrency secretly on a car manufacturing plant in Russia. The man had connected to the power supply of the car manufacturing plant to mine his cryptocurrencies.
Tltpravda, a local news outlet in Russia revealed that the security service of AVTOVAZ, a leading Russian car manufacturing firm recently discovered that a man hid a full-fledged cryptocurrency mining farm in an electric enclosure on its manufacturing plant located in Tolyatti. The identity of the culprit was unknown. However, he was discovered on the 14th of December.
This act indicated an intention to leech on the company’s electricity for two years. Also, the culprit used a 4G modem for connecting his mining farm to the internet.
Notably, the mining farm has been functioning since November 2017, and the miner from the mining activity has made a whopping sum of 1.2 mln Rubles (about $18,000).
The estimate of power consumed by the secret cryptocurrency mining farm seems something of less regard to those that do not know how energy consuming cryptocurrency mining could be. Meanwhile, the level of power consumption of the mining farm could have caused AVTOVAZ to launch an investigation into the cause, which led to the discovery of the mining farm.
Also, the measure taken to smuggle a whole cryptocurrency mining farm into the manufacturing plant is still bewildering, and how the security of the firm was unaware that such an illegal act could be going on under their territory.
Cryptocurrency Mining Farm Menace
Cryptocurrency mining firm menace is always prominent wherever they are located due to the high level of power consumption. This leads to high cost of power consumed by the mining firms, and it affects the community they are domiciled.
High level of power consumption has placed crypto mining farms and their domiciled community at loggerhead most times. This has led to ban of such act in some communities, increase of power charges on crypto mining, as well as placing of a moratorium on cryptocurrency mining in some places, such as Salamanca among others. High charges on power supply affect the profit made by cryptocurrency miners mostly.
Meanwhile, some communities or countries have devised creating special power plant to serve cryptocurrency mining, while some have adopted the use of renewable energy to avoid affecting their communities.