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Russian Church Sentenced To Pay A Fine Of One Million Rubles For Illegal Bitcoin Mining

Stefan by Stefan
21/10/2018
in Bitcoin News
Reading Time: 1 min read
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BTC Network Difficulty Drops, network, hash rate, bitcoin
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Russian Church from the city of Irkutsk, Russia made it to our crypto news today for unauthorized Bitcoin mining. The church is now facing charges and must pay a fine of approximately one million rubles which is about $15,000.

The church consumed insane amounts of electricity due to the mining process and in that same building, the police authorities found expensive mining equipment. The church must pay all of the electricity bills which they did eventually but later complained that the electricity tariffs are not legally determined.

In their defense, the church explained that the power consumption was a side effect of the malfunction of the central heating system and the old equipment in the printing office.

The legal frame in Russia for mining cryptocurrencies is such that all of the people that mine bitcoin must pay an extremely expensive electricity rate which is why it’s no wonder why the church denied the allegations.

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The regional electricity provider noticed that the church is using a lot of electricity even in 2017 so they decided to send inspectors to check the place out. The court of Irkutsk sided with the electricity provider despite the church denying the allegations.

In that part of the world, energy is much cheaper for individuals and such organizations like the church. The court decided that despite the church consuming so much electricity, it should be charged lower than the usual rate. Now, individual citizens wonder if they will start paying higher rates in order to mine Bitcoin.

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DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Tags: BitcoinBTCchurchIllegalminingRussian
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Stefan

Stefan

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.

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