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Masked Men Rob Large Crypto Mining Farm Near Moscow

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According to local media reports, armed robbers robbed a large mining complex near the Russian capital. Dozens of video cards have been stolen by unidentified perpetrators in the latest incident involving the theft of coinage equipment, which is on the rise in Russia.

Unknown attackers stole mining equipment from a crypto farm in Russia

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A cryptocurrency farm in the village of Kuchino, near the city of Domodedovo in the Moscow region, was raided by thieves, Russian crypto news agency Bits.media reported on Wednesday. The mining complex was located in the warehouse of the VkusVill supermarket chain.

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According to employees of the security company responsible for the complex, four masked men entered the warehouse, threatened the guards with weapons and handcuffed them.

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The attackers then took four containers with approximately 100 graphics processing units (GPUs) and other hardware used to extract digital currencies. Law enforcement estimated the value of the stolen mining hardware at around 1 million rubles (more than $18,000 at the time of writing).

The criminals also tried to cover their tracks by stealing drives with video recordings from surveillance cameras. Russian police are now looking for the thieves, who, if caught, face up to 12 years in prison.

This is yet another case of theft of coinage equipment in Russia after the operators of a mining hotel in Irkutsk disappeared in June, stealing about $1.9 million worth of mining farms from their customers. The number of such incidents has increased over the past few years along with the growing popularity of mining.

Bitcoin mining is one of those cryptocurrency-related activities that have yet to be regulated in the Russian Federation. The cool climate and cheap energy resources in some regions of the country are considered as competitive advantages for the development of the industry.

At the same time, Russian authorities are taking steps to curb the spread of homemade crypto mining by raising electricity rates for Russians who mine with homemade rigs in their basements and garages. The phenomenon has caused overconsumption and accidents in residential areas in regions with heavily subsidized electricity for the population.

Do you expect the number of cases of theft of cryptocurrency mining equipment in Russia to continue to grow? Tell us in the comments section below.

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Credit : news.bitcoin.com

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