Auto Added by WPeMatico

Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners

Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the…

Continue ReadingLawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners

Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners

The government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing…

Continue ReadingKyrgyzstan Raises Electricity Rates for Cryptocurrency Miners

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal…

Continue ReadingIran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

Iranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners

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,…

Continue ReadingIranian Ministry of Industries Denies Power Shortages Are Caused by Illegal Crypto Miners