Power Supply – DIGIT INFO

Bitcoin miner Hut 8 takes stoush with Ontario power supplier to court

DIGIT — Fri, 27 Jan 2023 05:01:12 +0000

The lawsuit escalates a months-long dispute between the crypto miner and one of its energy suppliers in Canada.

Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms

DIGIT — Wed, 23 Feb 2022 06:49:39 +0000

Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced the closure of over a dozen facilities minting digital currencies. Government Shuts Down Unauthorized Crypto Mining Operations Across Kazakhstan Local departments of the Committee for Atomic and Energy Supervision […]

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Power Deficit Forces Crypto Miners to Leave Kazakhstan

DIGIT — Wed, 29 Dec 2021 14:30:26 +0000

Electricity shortages have been dogging Kazakhstan’s booming crypto mining industry this year. A media report reveals that some miners, including some of those that moved in amid China’s crackdown on the sector, are now looking to relocate to destinations with a more stable energy supply like the United States. Miners Shut Down Crypto Farms Due […]

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‘Mecca of mining’: Brazil considers zero tax on green bitcoin mining

DIGIT — Fri, 10 Dec 2021 09:15:47 +0000

Brazil’s congress heard several proposals endorsing a tax exemption on miners and promoting cryptocurrency to the status of a national currency.

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Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution

DIGIT — Thu, 25 Nov 2021 01:16:53 +0000

The country saw a great influx of miners this year, but it might have to sacrifice the immense tax revenue from Bitcoin miners if power grid issues are not resolved.

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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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Disconnected Venezuelan Bitcoin Miners Might Resume Operations in 48 Hours

DIGIT — Fri, 13 Aug 2021 07:30:20 +0000

A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional […]

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A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

DIGIT — Sat, 16 Jan 2021 20:30:36 +0000

A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s website, the datacenter is getting electricity rates as low as […]

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