Power Grid – DIGIT INFO

Russian Republic Dagestan Battles Underground Crypto Mining Amid Power Outages

DIGIT — Thu, 26 Sep 2024 08:30:05 +0000

Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address these issues as miners bypass regulations. Dagestan Cracks Down on Illegal […]

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Paraguay Cracks Down on Illegal Bitcoin Mining: Over 550 Miners Seized

DIGIT — Fri, 24 May 2024 11:20:21 +0000

Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with over 550 miners seized, causing undetermined damages to the National Power Administration (ANDE). Paraguay […]

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Venezuela bans crypto mining to protect power grid

DIGIT — Sun, 19 May 2024 08:08:14 +0000

This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

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Terawulf Energizes First Nuclear-Powered Bitcoin Mining Facility in the US, Plans to Expand Operations

DIGIT — Mon, 06 Mar 2023 21:30:41 +0000

Terawulf, a bitcoin mining operation, has announced that it has energized the first nuclear-powered bitcoin mining facility in the United States at the company’s Nautilus Facility in Pennsylvania. According to the company, approximately 1 exahash per second (EH/s) or close to 8,000 application-specific integrated circuit (ASIC) bitcoin miners are now online, and another 8,000 mining […]

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Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says

DIGIT — Fri, 11 Feb 2022 12:30:15 +0000

University students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy in residential areas. Mining May Turn Into Risky Undertaking for Russian Students As more and […]

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Kazakhstan Shuts Down Crypto Mining Farms Till February

DIGIT — Wed, 26 Jan 2022 13:30:23 +0000

Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto Miners in Kazakhstan Left Without Power Bitcoin mining facilities […]

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Cheap Power Is Creating a Bitcoin Mining Boom in Argentina

DIGIT — Wed, 02 Jun 2021 08:00:59 +0000

Argentina, the ailing South American country, is experiencing a cryptocurrency mining resurgence due to artificially low power rates maintained by subsidies from the national government. This fact, alongside exchange controls and the possibility of selling obtained assets at a higher exchange rate than the official one, is enticing more and more individuals to enter the […]

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Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran

DIGIT — Mon, 17 May 2021 10:00:18 +0000

Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower plants in Iran have been […]

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Power Grid Hacking Attacks in the US and Russia are Bound to Escalate

DIGIT — Sun, 16 Jun 2019 00:00:02 +0000

Our society lives in an era where hacking attacks are almost a part of daily life. It seems even the world’s biggest governments don’t shy away from exploring options in this regard. Power grids in both the US and Russia are being targeted once again. A very worrisome incident, albeit the two attacks are quite different from one another. The US Power Grid Malware Surge It would appear a renowned hacker collective is in the process of targeting different power grids throughout the United States. The report by Dragos claims “Xenotime” has been in the process of triggering operational outages

The post Power Grid Hacking Attacks in the US and Russia are Bound to Escalate appeared first on The Merkle Hash.

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Researchers Link NotPetya Outbreak and Kiev Power Grid Outage to one Hacking Group

DIGIT — Thu, 08 Nov 2018 15:58:30 +0000

Depending on how one looks at the world, coincidence is either a common thing or doesn’t exist at all. In the world of cyberthreats, it would seem the latter is the more common conclusion. New research shows the NotPetya ransomware attack, as well as a disruption of Ukraine’s power grid, are linked together by one […]

The post Researchers Link NotPetya Outbreak and Kiev Power Grid Outage to one Hacking Group appeared first on NullTX.

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