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

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity RatesA 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 has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power […]

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Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages

Iceland Refuses to Power New Bitcoin Farms Amid Electricity ShortagesCryptocurrency 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 cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, […]

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Czech Utility Company Introduces Crypto Payments

Czech Utility Company Introduces Crypto PaymentsOne of the largest energy suppliers in the Czech Republic has recently announced plans to start accepting cryptocurrency from its customers. The bitcoin payment option should be available as early as next month, its management said. The company is about to join a growing number of Czech businesses processing crypto payments by introducing them to […]

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Bitcoin is Trading at a 40% Premium in Africa – Here’s Why

Bitcoin is Trading at a 40% Premium in Africa – Here’s WhyThis week bitcoin surpassed $19,000 on global exchanges, with the exception of one continent – Africa. Customers of the world’s second largest and second most populous continent were already paying that much per coin back in November. Prices at Africa’s Golix.com exchange have been 40% higher than the rest of the word for months. Now […]

The post Bitcoin is Trading at a 40% Premium in Africa – Here’s Why appeared first on Bitcoin News.

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