Power Outages – DIGIT INFO

Thai authorities raid illegal Bitcoin mine behind local power outages

DIGIT — Sun, 25 Aug 2024 13:16:45 +0000

Thai authorities will address the broader issue of illegal mining and its impact on the country’s energy infrastructure.

Go to Source

Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis

DIGIT — Sun, 19 May 2024 19:07:31 +0000

The Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power customers siphoning energy from the national electric system. Venezuelan Authorities Seize and Disconnect Over 11,000 Bitcoin Miners Amidst Energy […]

Go to Source

Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar

DIGIT — Mon, 14 Jun 2021 06:00:37 +0000

The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls on basic goods […]

Go to Source

Chinese Miners Are Finding Relocation Difficult in Southeast Asia

DIGIT — Mon, 14 May 2018 23:33:50 +0000

According to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia. However, a relocated Chinese miner based in Cambodia says miners trying to find safe havens in other Southeast Asian countries are having difficulties, and losing money every month due to residents complaining and unreliable […]

The post Chinese Miners Are Finding Relocation Difficult in Southeast Asia appeared first on Bitcoin News.

Go to Source