power plants – DIGIT INFO

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

DIGIT — Sun, 01 Jan 2023 10:00:58 +0000

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in […]

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Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba

DIGIT — Mon, 12 Dec 2022 07:30:41 +0000

Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency Mining in Cuba Not […]

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Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

DIGIT — Thu, 30 Dec 2021 11:30:58 +0000

Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran […]

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Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

DIGIT — Sun, 03 Oct 2021 04:00:19 +0000

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners […]

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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

DIGIT — Sat, 28 Dec 2019 20:05:21 +0000

Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also […]

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