crypto farms – DIGIT INFO

Paraguay seizes 2,738 ASICs as power theft crackdown continues

DIGIT — Fri, 31 May 2024 20:05:25 +0000

Power-intensive crypto mining is controversial in Paraguay, where an attempt at crypto regulation was vetoed because of it.

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Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert

DIGIT — Fri, 12 May 2023 04:50:09 +0000

A project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi to Defy Cooling Challenges […]

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Several Crypto Mining Operations Busted in Russia

DIGIT — Sun, 19 Mar 2023 08:30:22 +0000

Authorities and power utilities in various Russian regions have shut down illegal crypto mining farms, seizing hardware and taking operators to court. The action against the coin minting facilities comes amid discussions on a proposal to introduce criminal liability for miners breaking the upcoming legislation for the industry. ‘Underground’ Crypto Mining Farms Shut Down Across […]

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At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region

DIGIT — Tue, 14 Feb 2023 05:45:02 +0000

Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of the distribution networks. Hundreds of Crypto Miners Sued in Irkutsk for Extracting Digital […]

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Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

DIGIT — Sun, 12 Feb 2023 07:00:03 +0000

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations Police in Abkhazia are conducting daily raids to […]

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Russia Expands Its Crypto Mining Capacity, Report Reveals

DIGIT — Sat, 04 Feb 2023 23:00:20 +0000

The total capacity of crypto mining facilities in Russia has been increasing in the past year, despite the market downturn and sanctions, according to a survey of leading operators. Depressed prices of mining equipment and stronger interest from domestic customers have been identified as major factors for the trend. Miners Prepare for Growth as Total […]

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Ban on Crypto Mining in Residential Areas Proposed in Russia

DIGIT — Sat, 28 Jan 2023 09:30:06 +0000

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy Experts Want to Prohibit Mining […]

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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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Iran Returns Seized Crypto Mining Equipment to Miners

DIGIT — Tue, 03 Jan 2023 22:30:20 +0000

A government body responsible for state property in Iran has released some of the hardware seized from illegal crypto mining farms. Its top executive explained the agency was obliged to do that by courts in the Islamic Republic, where unlicensed miners have been blamed for power shortages. Authorities in Iran Give Confiscated Mining Rigs Back […]

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Natural Gas Price Hike Hits Crypto Miners in Iran

DIGIT — Thu, 03 Nov 2022 08:30:25 +0000

Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous and have been imposed retroactively, local media reported. Iran Raises Tariffs for Mining Farms […]

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