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Crypto News > Blog > News > Bitcoin > Russia turns to AI to stop illegal Bitcoin mining | Crypto News
BitcoinMining

Russia turns to AI to stop illegal Bitcoin mining | Crypto News

Crypto
Last updated: 2024/12/09 at 9:19 AM
Crypto Published December 9, 2024
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Russia turns to AI to stop illegal Bitcoin mining
 | Crypto News
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  • This is a project developed by Saint Petersburg State University.

  • Two private companies, Lartech and Energomera, are also working on the initiative.

Academics from Saint Petersburg State University have developed a tool to detect illegal Mining of cryptoassets, a problem that, according to these experts, is one of the most serious currently affecting Russia’s electrical grid. The information was published by the TASS news agency.

So, it reported that Those responsible for the initiative collaborated with two private companies: Lartech and Energomera. The first, based in Saint Petersburg, specializes in the Internet of Things (IoT) and energy management, while the second, established in Stavropol, is dedicated to the manufacture of electricity meters.

The project consists of integrate meters with artificial intelligence (AI) into electricity metersseeking to record data and analyze consumer behavior. Upon connecting to the system, the meters receive information about the power and frequency of the electrical signal, allowing them to distinguish unusual loads and notify the energy provider.

According to St. Petersburg State University, illegal Cryptocurrency miners take advantage of regions with low electricity rates to generate system overloads, which causes interruptions and economic losses for energy supply companies.

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On the other hand, it was announced that the University of Saint Petersburg, also in collaboration with Lartech, has developed another project aimed at stopping the Bitcoin-criptomonedas-bloque-recompensa-hash-dificultad-nonce-mineros/” target=”_blank” rel=”noreferrer noopener”>mining illegal Bitcoin. The initiative consists of an anti-fraud system that analyzes data from smart meters and, through an algorithm, allows engineers to identify connections that consume energy without having the permission granted by the authorities.

Last week, TASS reported that MP Boris Gladkikh, a member of the State Duma Energy Committee, sent a request to the Deputy Prime Minister of Russia, Tatyana Golikova, urging the government to ban crypto asset miners’ access to subsidized electricity tariffs. According to the congressman: “When miners take advantage of reduced electricity rates or subsidies, this causes economic losses and generates negative social consequences.”

It is also important to note that the Russian government has already announced plans to prohibit the mining of crypto assets in some regions of the country. This measure would affect areas such as Irkutsk, Buryatia and Zabaikal, three provinces in Siberia, as well as the occupied Ukrainian regions of Donetsk, Luhansk, Zaporizhia and Kherson. According to authorities, the ban seeks to ensure that available energy is mainly used to heat homes during the winter.

It should be noted that Russia is not the first country to use artificial intelligence (AI) to combat illegal cryptocurrency mining. A clear example comes from Paraguaywhere the National Electricity Administration (ANDE) has implemented this technology to identify mining farms of bitcoin clandestine In May of this year, authorities were able to detect and dismantle an illegal facility located in the city of Saltos de Guairá, in a joint operation that included several organizations. This fact was reported by CriptoNoticias.

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