A large mining farm has been discovered in Kabardino-Balkaria.

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The damage from the illegal mining farm, which was found in two uninhabited buildings in the village of Stary Cherek, Urvansky District, was estimated at 5.8 million rubles.

As "Caucasian Knot" reported, authorities in southern Russia have repeatedly pointed out the problem with mining farms. The Russian government approved a ban on cryptocurrency mining in six republics of the North Caucasus, effective January 1. According to experts, mining in the North Caucasus republics, amid low electricity tariffs, leads to high loads on the power grid.

Power engineers conducted a raid in the village of Stary Cherek in the Urvan district of Kabardino-Balkaria, where they discovered an illegal mining farm in two dilapidated non-residential buildings located on an abandoned site, TASS reported on December 5.

According to the press service of the Rosseti North Caucasus company, 21 special devices designed for cryptocurrency mining were found, all of which were in two boarded-up plywood noise boxes.

According to experts, the amount of stolen electricity exceeded 764,000 kWh, and the damage is estimated at 5.8 million rubles.