Category: Electricity

Moscow, Karelia, Irkutsk — Study Lists Most Popular Crypto Mining Destinations in Russia

Russia could be a large player in the crypto mining space, experts in the field have established in research naming the most attractive regions for coin minting operations in the…

Security Service of Ukraine Shuts Down Crypto Mining Farm Near Front Line in Kharkiv

Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of…

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader…

Kazakhstan President Signs Law Increasing Tax Burden for Crypto Miners

President of Kazakhstan Kassym-Jomart Tokayev has signed into law a bill amending the country’s Tax Code to impose higher tax rates on crypto miners. The levy will depend on the…

Kyrgyzstan Seizes 2,000 Cryptocurrency Mining Devices

Law enforcement authorities in Kyrgyzstan have confiscated thousands of crypto mining machines as part of a new offensive against illegal cryptocurrency mining in the country. Investigators have also identified industrial…

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to…