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

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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…

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

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Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto…

Granja de criptominería descubierta en la prisión más antigua de Rusia

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Los funcionarios encargados de hacer cumplir la ley rusos están investigando una operación de criptominería en Butyrka, Rusia’s oldest prison. Un subdirector ha sido acusado de robar electricidad para acuñar monedas digitales con la ayuda de cómplices no identificados.. Deputy Warden Suspected of Mining Cryptocurrency in…

Kazajstán toma medidas enérgicas contra la minería ilegal, Bustos 13 Cripto Granjas

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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…

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

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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. Planes with mining equipment from restricted China continue to land in the region, and cases of…

Iranian Lawmakers Oppose Crypto Restrictions, Call for Supportive Regulations

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Members of the Iranian parliament, the Majlis, have voiced concerns over Tehran’s restrictive policies towards innovations such as cryptocurrencies. Following the release of a study recommending a new approach towards the crypto industry, the lawmakers have called for the adoption of…

Iran Shuts Down More Illegal Crypto Farms, Bringing Total to Over 5,300

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Authorities in Iran are continuing their crackdown on unauthorized cryptocurrency mining as electricity demand remains high. The country’s power utility company has so far closed down more than 5,300 illegal mining facilities, seizing an enormous amount of coin-minting machines. Power Utility…