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

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in SiberiaGrowing 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 to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in […]

Real life yield farming: How tokenization is transforming lives in Africa

Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

Russia Expects Sizable Increase in Crypto Miners’ Share of Power UsageThe crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise in Crypto Mining’s Electricity […]

Real life yield farming: How tokenization is transforming lives in Africa

Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining   

Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining   The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business at the federal level. Russian Official Proposes Regional Energy Quotas for […]

Real life yield farming: How tokenization is transforming lives in Africa

Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

Iran Allows Renewable Power Plants to Supply Crypto Miners With ElectricityAuthorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran […]

Real life yield farming: How tokenization is transforming lives in Africa

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power ShortagesFacing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation […]

Real life yield farming: How tokenization is transforming lives in Africa

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan EstimatesAuthorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan […]

Real life yield farming: How tokenization is transforming lives in Africa

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls RestrictionsKazakhstan 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 […]

Real life yield farming: How tokenization is transforming lives in Africa

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

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power ConsumptionCiting 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 deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]

Real life yield farming: How tokenization is transforming lives in Africa