Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm

Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining FarmThe largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […]

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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

3 Cents per kWh - Central Asia's Cheap Electricity Entices Chinese Bitcoin MinersAs tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation, […]

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Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

Iran Has Issued More Than 1,000 Licenses for Cryptocurrency MiningThe Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join Forces […]

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