Electricity – Page 13

Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining

The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency.

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Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume

Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia by Mining Volume

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and […]

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Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm

A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports are challenging that assertion. Ukrainian Company Files Complaints Against SBU Raid on Its Facility […]

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New project aims to bring global crypto miners to Russia

Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies.

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

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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China shuts down crypto mining in Anhui province

The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations.

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Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date

The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement […]

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Bitcoin electricity consumption falls to November 2020 levels: Data

Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data.

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Iran pauses electricity exports due to crypto mining and hot summer

Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity.

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Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2

During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data […]

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