bitcoin farms – DIGIT INFO

Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

DIGIT — Sat, 07 Jan 2023 11:30:06 +0000

Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs […]

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Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

DIGIT — Mon, 18 Jul 2022 04:30:17 +0000

Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners […]

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Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

DIGIT — Sat, 14 May 2022 20:30:33 +0000

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 bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and […]

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Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

DIGIT — Sat, 07 May 2022 06:30:39 +0000

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 a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says Russia’s Federal […]

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Kazakhstan Amends Registration Rules for Cryptocurrency Miners

DIGIT — Thu, 05 May 2022 11:30:55 +0000

The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the Central Asian nation, where the influx of miners has been blamed for persisting electricity shortages. Crypto Miners to File Quarterly Reports With Kazakhstan Authorities An […]

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Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

DIGIT — Thu, 16 Dec 2021 13:37:17 +0000

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

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Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad

DIGIT — Sun, 29 Aug 2021 07:35:27 +0000

President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency mining. Lukashenko Calls on Belarusian Workers to Build Mining Farms, Not Work […]

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Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

DIGIT — Fri, 06 Aug 2021 11:30:19 +0000

Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been […]

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China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports

DIGIT — Wed, 14 Jul 2021 16:00:55 +0000

Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining […]

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

DIGIT — Mon, 14 Jun 2021 04:00:13 +0000

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

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