Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town

Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic TownA record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia […]

Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country

Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in CountryThe situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has […]

Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

Kosovo Seizes Hundreds of Crypto Mining Machines in CrackdownPolice in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms was launched after authorities in Pristina banned the power-hungry minting of digital currencies amid an energy crisis in the country. Authorities in Kosovo Confiscate Mining Hardware in Serb Majority North […]

Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate

Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, HashrateMeasures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed down local banks. Fears are rising that the turmoil may […]

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests

Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, ProtestsHardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining […]

Kosovo Halts Cryptocurrency Mining Amid Energy Crisis

Kosovo Halts Cryptocurrency Mining Amid Energy CrisisThe government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. Kosovo Authorities Ban Crypto Mining to Save Needed Energy The […]

Argentinian Government Inquires About Energy Bitcoin Mining Companies Use Amidst Power Cuts

argentinianThe Argentinian government is starting to inquire about the power consumption of bitcoin mining companies after some provinces in the country faced power cuts during the last days of 2021. Cammesa, the state-owned power wholesaler, has sent a memo to big power consumers to reveal whether they are mining cryptocurrency. If so, the companies should […]