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The Ministry of Energy excluded the application of a preferential tariff for bitcoin miners

by Vaibhav
November 30, 2021
in News
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Mining does not belong to household needs, therefore, the electricity consumed for it should not be paid at a preferential tariff for the population. This was stated in the Ministry of Energy, writes “Russian newspaper”.

The department clarified that the legislation distinguishes between the consumption of electricity by citizens for their own household needs and in order to carry out entrepreneurial activities.

At the same time, the business tariff can be applied not only for large platforms, but also for individuals mining cryptocurrencies for profit.

“The existing norms do not exclude the possibility of identifying consumption in a residential building for commercial activities and settlements with such a consumer at prices set for business entities,” the department added.

We will remind, on the eve of the Governor of the Irkutsk region Igor Kobzev expressed his readiness to provide sites for industrial mining. This, he said, will reduce the load on the electricity grid and, at the same time, will require an increase in electricity tariffs.

See also  Iranian government to cut off electricity for legal cryptocurrency mining installations in the country

The Ministry of Energy announced the need to differentiate tariffs for miners from the rest of the population back in October.

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Mining does not belong to household needs, therefore, the electricity consumed for it should not be paid at a preferential tariff for the population. This was stated in the Ministry of Energy, writes “Russian newspaper”.

See also  Bukele Government Submits Bill to Launch Bitcoin Bonds

The department clarified that the legislation distinguishes between the consumption of electricity by citizens for their own household needs and in order to carry out entrepreneurial activities.

At the same time, the business tariff can be applied not only for large platforms, but also for individuals mining cryptocurrencies for profit.

“The existing norms do not exclude the possibility of identifying consumption in a residential building for commercial activities and settlements with such a consumer at prices set for business entities,” the department added.

We will remind, on the eve of the Governor of the Irkutsk region Igor Kobzev expressed his readiness to provide sites for industrial mining. This, he said, will reduce the load on the electricity grid and, at the same time, will require an increase in electricity tariffs.

See also  The number of active users of OpenSea exceeded 1 million

The Ministry of Energy announced the need to differentiate tariffs for miners from the rest of the population back in October.

Subscribe to Cryplogger news on Telegram: Cryplogger Feed – the entire news feed, Cryplogger – the most important news, infographics and opinions.

Found a mistake in the text? Select it and press CTRL + ENTER

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