blackouts – DIGIT INFO

Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba

DIGIT — Mon, 12 Dec 2022 07:30:41 +0000

Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency Mining in Cuba Not […]

Go to Source

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

DIGIT — Tue, 21 Jun 2022 11:30:55 +0000

Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages Authorized crypto mining […]

Go to Source

Kazakhstan Police Shut Down Another Crypto Farm Amid Ongoing Crackdown on Mining

DIGIT — Tue, 22 Mar 2022 21:30:01 +0000

Law enforcement officers in Kazakhstan have busted another mining facility as they continue to crack down on illegal activities in the sector. The crypto farm, located at a railway station, is the latest targeted mining operation in the country which has been struggling with its power deficit. Authorities in Kazakhstan Seize Over 100 Mining Rigs […]

Go to Source

Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims

DIGIT — Thu, 24 Feb 2022 07:00:01 +0000

Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining […]

Go to Source

More Regulations Proposed to ‘Streamline’ Mining Sector in Kazakhstan

DIGIT — Sun, 28 Nov 2021 11:00:29 +0000

Authorities need to expand the regulatory framework for cryptocurrency miners, a member of the parliament in Kazakhstan has suggested. The additional rules should streamline their activities and help correct the forming public opinion that they are responsible for the country’s electricity deficit. Crypto Mining in Kazakhstan Needs Additional Regulations, Lawmaker Says New regulatory requirements and […]

Go to Source

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

DIGIT — Sat, 23 Oct 2021 08:30:10 +0000

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 estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan […]

Go to Source

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

DIGIT — Sat, 11 Sep 2021 18:30:56 +0000

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 mining facilities, seizing an enormous amount of coin-minting machines. Power Utility Confiscates More Than 216,000 Mining Units From Unlicensed Miners in Iran Preventing blackouts remains […]

Go to Source

Iran Seizes 3,000 Crypto Mining Devices in a Week

DIGIT — Thu, 10 Jun 2021 19:00:41 +0000

Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining Rigs Confiscated in Tehran […]

Go to Source