Auto Added by WPeMatico

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining.…

Continue ReadingNorway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would…

Continue ReadingSwedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to…

Continue ReadingKazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Amid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm

With а growing threat of electricity shortages in the winter months, Ukraine has busted another large coin minting facility illegally drawing power from the grid. The country’s security agency announced…

Continue ReadingAmid Risk of Power Deficit, Ukraine Shuts Down Another Crypto Farm

Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

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…

Continue ReadingRussia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also…

Continue ReadingSingle Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

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…

Continue ReadingRussia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners