Alexander Novak held a meeting on the issue of energy supply for mining activities

Translation. Region: Russian Federal

Source: Government of the Russian Federation – Government of the Russian Federation –

An important disclaimer is at the bottom of this article.

Deputy Prime Minister Alexander Novak held a meeting on the issue of energy supply to consumers engaged in mining activities. It was attended by representatives of federal authorities, energy companies, public business associations and industry associations, and State Duma deputies.

The representative of the Ministry of Energy reported on the current state of regulation of energy supply for mining activities in Russia, including issues of identifying and preventing electricity consumption by miners in regions where this activity is prohibited. A number of amendments to the current legislation were proposed in order to further improve energy supply for mining. This concerns the procedure for using capacity temporarily unclaimed by miners during the period of the ban on their work, increasing liability for violating the requirements for mining cryptocurrency, and a proposal to label and certify foreign equipment for mining cryptocurrency imported into Russia. In addition, the representative of the Ministry of Energy reported on the status of the preparation of regulatory legal acts providing for the creation of a fourth category of reliability of energy supply to consumers, which takes into account the introduction of remote restriction of the consumption mode during peak loads and the threat of energy and power shortages in the region.

The head of the Federal Service for Supervision of Communications, Information Technology and Mass Media Andrey Lipov spoke about tools for identifying individuals mining cryptocurrencies by analyzing Internet traffic and electricity consumption patterns.

A representative of the Federal Tax Service reported on the number of persons registered in the relevant mining registries. This refers to entities or companies mining cryptocurrencies and to mining infrastructure operators.

Alexander Novak instructed the Ministry of Energy to finalize proposals for the introduction of the fourth category of reliability of energy consumers, and in close cooperation with regional authorities and energy companies to prepare a final proposal on the mechanism for the redistribution of released capacity when limiting mining activities in the region in order to connect socially significant consumers to power grids. The Deputy Prime Minister instructed to work out proposals to increase liability for illegal connection to power grids, theft of electricity, and violation of the ban on limiting mining activities in terms of electricity supply.

Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.