<p>The Russian telecom giant MTS has announced that its system identified hundreds of illegal cryptocurrency mining farms in Russia since the beginning of 2024. The company's IoT center head, Pavel Fedosov, reported that regions like <a href="https://ultramining.com/news/en/irkutsk-region-busts-1-000-illegal-crypto-miners-in-a-year-fires-a-major-concern/" rel="noopener noreferrer nofollow">Irkutsk</a> and the North Caucasus lead in the number of these unauthorized operations. MTS uses cutting-edge artificial intelligence (AI) and big data analytics to detect irregularities in local energy grids, including suspiciously low <a href="https://ultramining.com/news/en/minnesota-man-faces-accusations-of-electricity-theft-for-bitcoin-mining/" rel="noopener noreferrer nofollow">electricity</a> consumption, which is often linked to illicit cryptocurrency mining.</p>
<p>The illegal consumption of electricity by these farms leads to significant energy losses, driving up prices for legal consumers and threatening the stability of regional grids. As a result, authorities are stepping up efforts to combat this growing issue, using technological solutions to track down and prosecute <a href="https://ultramining.com/news/en/large-scale-cryptocurrency-mining-farm-uncovered-in-dagestans-kizilyurtovsky-district/" rel="noopener noreferrer nofollow">illegal miners</a>.</p>

MTS Detects Hundreds of Illegal Mining Farms in Russia

Ultramining_Eng

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