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Topic: History of garage mining in Russia - page 2. (Read 614 times)

legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
November 16, 2023, 08:55:44 AM
#8
They ^^ should have moved the body away from the power lines but left it up there as a stark warning to others and to showcase how stupid the thief was....

yeah. your life for under $100 in cable seems like a bad deal to me.
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
November 16, 2023, 08:35:21 AM
#7
They ^^ should have moved the body away from the power lines but left it up there as a stark warning to others and to showcase how stupid the thief was....
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
November 15, 2023, 10:22:44 PM
#6
And that (fire) is exactly what happens when folks who have no idea what they are doing try to DIY high power electrical circuits....
I DO hope they've learned a lesson (though I also doubt it...).

Nah they will gamble and play Russian Roulette with the circuit breakers.


It is the nature of people. Not Just Russians.


here is a cable thief

https://punchng.com/man-gets-electrocuted-while-attempting-to-steal-cable/
legendary
Activity: 3822
Merit: 2703
Evil beware: We have waffles!
November 15, 2023, 02:42:39 PM
#5
And that (fire) is exactly what happens when folks who have no idea what they are doing try to DIY high power electrical circuits....
I DO hope they've learned a lesson (though I also doubt it...).
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
November 15, 2023, 12:03:11 PM
#4
I was thinking OP to put up a nice story of cheap electricity and much coins mined by them garage owners in Putin's land.

On seeing the images under this notion, I was like why the hell do these ASICs look so banged up and then I noticed the word "fire" and understood the rest.

Well, fire is a creator and a destroyer and like all electronics fire is a constant worry and whenever you are dealing with small spaces and electricity, things can get out of hand.

Luckily no one got hurt. Its rare to get cheap electricity and its a boon for such cities, unlike most people.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
November 15, 2023, 07:24:27 AM
#3
Wow, that's quite a situation! Those super cheap electricity prices gotta be bringing in some monster crypto mining operations.  Makes me wonder:

How often do people around there end up setting up mining rigs in their garages and stuff because of the low prices? Is it like a common thing for folks to do since electricity doesn't cost much? Do they have any rules or safety measures for people doing mining in residential spots? 

I'm real curious if its widespread or if it's just a few folks trying to cash in.   But hey, cheap powers a nice perk if you can make some crypto money off it!
Monster crypto mining companies don't need to move in different areas to get cheap electricity. All they need is some corruption and agreement with positions and they get cheap electricity. Russia is also very corrupt country and don't think that you just go in Irkutsk and start mining. Local people of the city can probably mine some coins without any permission. This is only my expectation.

It's very common for people to set up mining rigs in their garage if they have low electricity prices. In small countries someone in IT always has a friend who has a friend that lives in a place where electricity is cheap. These friends together start a small mining farm.

full member
Activity: 1008
Merit: 139
★Bitvest.io★ Play Plinko or Invest!
November 15, 2023, 06:22:53 AM
#2
Wow, that's quite a situation! Those super cheap electricity prices gotta be bringing in some monster crypto mining operations.  Makes me wonder:

How often do people around there end up setting up mining rigs in their garages and stuff because of the low prices? Is it like a common thing for folks to do since electricity doesn't cost much? Do they have any rules or safety measures for people doing mining in residential spots? 

I'm real curious if its widespread or if it's just a few folks trying to cash in.   But hey, cheap powers a nice perk if you can make some crypto money off it!
legendary
Activity: 1834
Merit: 1131
November 15, 2023, 05:47:08 AM
#1
Usolye-Sibirskoye is a city in the Irkutsk region of Russia with a population of less than 100,000 people.
Iskutsk is known for its cheap electricity prices in Russia.
For individuals in a garage, the price is about $0.017 per kilowatt.

In one of these garages there were approximately 9 ASICs with a consumption of 20-30 kilowatts per hour, and this garage was located next to the courthouse.
As a result of the fire, no one was injured, except for the ASICs and the garage, but there are many such stories in Irkutsk.


in Russian
https://bits.media/v-usole-sibirskom-zagorelas-pristroyka-k-zdaniyu-mirovogo-suda-iz-za-podpolnogo-mayninga/
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