Main navigation

Church in Russia Gets Fined for Illegal Bitcoin Mining

News
Tue, 10/09/2018 - 16:47
article image
Yuri Molchan
Evangelical church is sentenced to pay a fine totaling one mln for electricity. Authorities provided the necessary evidence that the community did unauthorized mining
Church in Russia Gets Fined for Illegal Bitcoin Mining
Cover image via U.Today
Read U.TODAY on
Google News

Evangelical church from the city of Irkutsk is sentenced to pay a fine totaling one mln rubles ($15,000) for consuming large amounts of electricity. Local authorities have provided the necessary evidence that the community did unauthorized Bitcoin mining.

In the building rented by the church, the police found a great deal of computing equipment necessary for minting BTC coins. Following the existing legislation, the authorities forced the church team to pay the bills. The latter did so but then decided to dispute this verdict in court, claiming the electricity tariffs to be illegal.

The church administration said to the media that the increase in the power consumption was due to the work of the central heating system, as well as the work of the equipment in the printing office. After a proper investigation, the charges were dismissed.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.