In the past two years, law enforcement authorities in Malaysia have arrested hundreds of individuals for theft of electricity allegedly used to mint digital currencies.
Category: Energy
Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s
While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown
European Parliament to Cancel Vote on Crypto Assets Framework
The European Parliament will not hold a planned vote on crypto regulations after texts that can be interpreted as an attempt to ban coins with
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining.
Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining
The industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association
Kazakhstan Extends Power Cuts for Cryptocurrency Miners
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity
Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins
A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes
Georgia Goes After Crypto Miners Using Subsidized Electricity in Historic Town
A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The
Kosovo Seizes Hundreds of Crypto Mining Machines in Crackdown
Police in Kosovo seized another batch of over 200 mining devices as part of raids that started on Thursday. The offensive against underground crypto farms
Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate
Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the
Canaan Expands Mining Operations in Kazakhstan Amid Power Deficit, Protests
Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has
