Authorities root out over 8,000 illegal miners in Irkutsk, Russia’s crypto mining capital

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Russian authorities have identified more than 8,000 miners minting cryptocurrencies outside the law in the Siberian crypto mining hotspot of Irkutsk. The region banned the activity in parts of its territory to deal with growing energy deficits and grid breakdowns blamed on the boom of both legal and illegal mining. Russia counts thousands of underground crypto farms in Irkutsk Officials in Russia’s Irkutsk Oblast have pinpointed several thousand locations with suspected illegal crypto mining fac...