Russian utility company sues cryptocurrency miners, raises electricity bills

Golden Financial reports that the Russian Electric Power Corporation has sued cryptocurrency workers whose digital coins are saved electronically. Electricity distributor Irkutskenergosbyt in the Irkutsk region of Russia has increased the electricity bills of private mining houses. The company has filed 85 lawsuits this year against participants in in-house cryptocurrency mining, claiming a total of 73.3 million rubles (over US $ 980,000). According to the Russian company Kommersant, he has won nine lawsuits and is expected to receive 18.7 million rubles ($ 250,000). The court ordered the miners to pay their future electricity bills at market value. Irkutsk is considered the cryptocurrency mining capital of Russia, attracting many miners with low electricity costs. (News.Bitcoin)