bitcoin farms

Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

January 7, 2023 Bitcoin.com

bitcoin farms

Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy. New Year Brings Higher Costs […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

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

July 18, 2022 Bitcoin.com

$POWER

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 in Europe, is likely to soon lose the preferential treatment it has been taking advantage of for some time, a media report revealed. Crypto Miners […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

May 14, 2022 Bitcoin.com

bitcoin farms

Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues Crackdown on Unlicensed Cryptocurrency Mining Iranian officials have unplugged and […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

May 7, 2022 Bitcoin.com

$POWER

The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using Household Electricity Should Pay Higher Bills, Anti-Monopoly Body Says Russia’s Federal […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Kazakhstan Amends Registration Rules for Cryptocurrency Miners

May 5, 2022 Bitcoin.com

Bitcoin

The government of Kazakhstan has revised the registration requirements for persons and companies involved in crypto mining. The updated regulations come amid an ongoing clampdown on the industry in the Central Asian nation, where the influx of miners has been blamed for persisting electricity shortages. Crypto Miners to File Quarterly Reports With Kazakhstan Authorities An […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

December 16, 2021 Bitcoin.com

Agreements

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Lukashenko Urges Belarusians to Mine Cryptocurrency Rather Than Pick Strawberries Abroad

August 29, 2021 Bitcoin.com

Belarus

President Alexander Lukashenko has advised workers to stay in their home country instead of emigrating to fill low-paid farming jobs in Poland and Germany. The Belarusian leader pointed to an alternative source of income, noting there’s enough electricity in Belarus to power cryptocurrency mining. Lukashenko Calls on Belarusian Workers to Build Mining Farms, Not Work […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

August 6, 2021 Bitcoin.com

Abkhaz

Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports

July 14, 2021 Bitcoin.com

$POWER

Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund

Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

June 14, 2021 Bitcoin.com

$POWER

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

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Crypto Giant 21Shares Submits Registration Statement for XRP Exchange-Traded Fund