1. Home
  2. power outages

power outages

Thai authorities raid illegal Bitcoin mine behind local power outages

Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the region’s relatively low electricity costs

Thailand authorities have raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following numerous complaints from residents about persistent power outages. 

According to the South China Morning Post, the raid took place on Aug. 23 and revealed that the illegal mining activities were likely the cause of blackouts that had plagued the area for over a month.

An investigation was started after residents reported unexplained power failures that began in mid-July. 

Read more

France considers ban on crypto betting platform Polymarket

Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy Crisis

Venezuelan Authorities Announce Bitcoin Mining Ban, Confiscate Over 11,000 Miners to Face the Nation’s Energy CrisisThe Venezuelan National Power Ministry announced a special operation to disconnect all bitcoin mining farms from the grid. Authorities have seized over 11,000 bitcoin miners as the government seeks to reduce the power usage from high-power customers siphoning energy from the national electric system. Venezuelan Authorities Seize and Disconnect Over 11,000 Bitcoin Miners Amidst Energy […]

France considers ban on crypto betting platform Polymarket

Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US Dollar

Lebanese Economy Crashes to New Lows – In Less Than Two Years Nation’s Currency Lost 90% Against the US DollarThe Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls on basic goods […]

France considers ban on crypto betting platform Polymarket