Crypto Mining Surge and Erratic Weather Strain Laos’ Power Grid

Crypto Mining Surge and Erratic Weather Strain Laos' Power GridA report released on May 16 highlights how increased electricity consumption due to crypto mining and inconsistent rainfall have led to power shortages in Laos, challenging its goals as a hydropower exporter in Southeast Asia. Reuters: Increased Crypto Mining Strains Laos’ Hydropower Grid Laos, often called the “battery of Southeast Asia” for its extensive hydropower […]

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Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years

Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 YearsAuthorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest. Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says […]

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Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Miners, Experts SayIncreasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half […]

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Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for SectorThe government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have […]

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Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining

Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin MiningWhile bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers. […]

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Police in Kosovo Seize Crypto Mining Rigs From Serbs

Police in Kosovo Seize Crypto Mining Rigs From SerbsKosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in […]

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Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia Takes Second Place by Power Capacity in Crypto Mining, ReportsRussia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in […]

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Several Crypto Mining Operations Busted in Russia

Several Crypto Mining Operations Busted in RussiaAuthorities 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

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