Bitcoin News / Bitcoin.com - 2 years ago
Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to reloc...
Bitcoin News / Bitcoin.com - 2 years ago
Authorities in Iran have again told licensed miners to suspend their activities in the face of electricity shortages during the cold winter months. Following a period of similar restrictions this past summer, authorized companies were allowed to resu...
Bitcoin News / Bitcoin.com - 2 years ago
The federal government in Moscow has permitted regions to determine local electricity tariffs for the population, a measure that will affect crypto mining at homes. Subsidized household electricity in Russia is often used to mint digital currencies i...
Bitcoin News / Bitcoin.com - 2 years ago
Cryptocurrency miners that are illegally connecting their equipment to the power grid should go to prison, says a Russian lawmaker who recently announced that his nationalist party is working on draft legislation to regulate the crypto activity. The...
Bitcoin News / Bitcoin.com - 2 years ago
Senator Elizabeth Warren has written a letter to the CEO of the New York bitcoin mining firm Greenidge Generation, Jeff Kirt, asking for details on the company’s emissions. Warren’s letter insists “Greenidge and other [bitcoi...
Cryptocoins News / The Cointelegraph - 2 years ago
According to the country's vice minister of energy, addressing the potential strain on Kazakhstan’s power grid from crypto miners “cannot be delayed any longer." Now r...
Bitcoin News / Bitcoin.com - 2 years ago
Cryptocurrency mining should be recognized as an entrepreneurial activity under Russian law and taxed accordingly, representatives of key ministries in Moscow and the parliament have indicated. Officials believe the regulatory move would benefit both...
Bitcoin News / Bitcoin.com - 2 years ago
State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand d...
Bitcoin News / Bitcoin.com - 2 years ago
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for b...
Bitcoin News / Bitcoin.com - 2 years ago
Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low elec...
Bitcoin News / Bitcoin.com - 2 years ago
Iran’s Ministry of Industries, Mining and Trade has rejected claims blaming illegal cryptocurrency miners for the continuing electricity shortages in the country. The department believes the state-run utility company, Tavanir, has overestimate...
Bitcoin News / Bitcoin.com - 2 years ago
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies...
Cryptocoins News / The Cointelegraph - 2 years ago
Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies. A major cryptocurrency and bloc...
Cryptocoins News / The Cointelegraph - 2 years ago
Even Iran's minister of labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid. Eshaq Jahangiri, t...
Bitcoin News / Bitcoin.com - 2 years ago
U.S. lawmaker and bitcoin advocate Cynthia Lummis has indicated that cryptocurrency miners are welcome in Wyoming. In a recent interview, the senator defended bitcoin’s carbon footprint and later invited miners to her home state on social media...
Cryptocoins News / The Cointelegraph - 2 years ago
The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022. As Kazakhstan becomes increasingly popular for cryptocurren...
Bitcoin News / Bitcoin.com - 2 years ago
Cryptocurrency miners in Kazakhstan will pay more than other consumers for the electricity they use to mint digital coins. The country’s president has signed a law that imposes an additional fee for the power utilized by the energy intensive in...
Cryptocoins News / The Cointelegraph - 2 years ago
Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms. Small-scale hydroelectric plants in China are reportedly...
Cryptocoins News / The Cointelegraph - 2 years ago
Crypto miners in Ya'an City have reportedly been ordered to temporarily shut down their operations. Chinese authorities continue to crack down on cryptocurrency mining...