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Tag: Electricity

Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins

January 19, 2022 wp-bot Bitcoin News

A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes

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Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town

January 13, 2022 wp-bot Bitcoin News

A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The

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Single inactive volcano has 90% chance of powering El Salvador’s Bitcoin City, according to president

January 10, 2022 wp-bot Cointelegraph

According to Nayib Bukele, should the power consumption of the country’s planned Bitcoin City exceed the volcano’s capacity, geothermal energy can be sourced from other

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

January 10, 2022 wp-bot Bitcoin News, Blockchain

The 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

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Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown

January 9, 2022 wp-bot Bitcoin News

Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms

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

January 6, 2022 wp-bot Bitcoin News

Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the

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