Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1
The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the…
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Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to…
Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining…
Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals…
Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal…
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers. The ban had been suggested by the far-left Red Party…
Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of…
Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices
The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities…
Decentralizing the grid: Operators test blockchain solutions
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.
Abkhazia Extends Crypto Mining Ban Till End of Year
Authorities in Abkhazia have decided to maintain a ban on cryptocurrency mining in the territory. The partially recognized republic in the South Caucasus is restricting the energy-intensive extraction of digital…
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