Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

Russia’s Economy Ministry Calls for Introducing ‘Acceptable’ Electricity Rates for Miners

The Ministry of Economic Development of Russia has suggested that crypto mining should be allowed in energy-rich regions and miners provided with access to inexpensive electricity. The department has joined calls to... Read more »
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is... Read more »
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China... Read more »
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town

Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town

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 central government and the local utility are... Read more »
Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown

Malaysia Seizes 1,720 Bitcoin Mining Machines in Electricity Theft Crackdown

Police in Malaysia have shut down a bitcoin mining operation and seized 1,720 bitcoin mining machines in a major electricity theft crackdown following public complaints. “Police inspected 75 premises around the district... Read more »
Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners

Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners

The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners... Read more »
Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities... Read more »
Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

Russian Government Allows Regions to Raise Electricity Rates for Crypto Miners

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... Read more »
Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and... Read more »
Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages

Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages

Cryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after... Read more »