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Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees

Bitcoin.com
Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
bitcoin farms
Crypto Miners in Kazakhstan Start Paying Higher Electricity FeesSince 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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Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

Bitcoin.com
Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates
$POWER
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 […]
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Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners

Bitcoin.com
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
$POWER
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto MinersAuthorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting activities. Cryptocurrency Miners in Russia and Belarus May Face Higher Energy […]
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Infini Hacked: M in USDC Stolen, Admin Privileges Exploited

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Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners

Bitcoin.com
Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners
$POWER
Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for MinersMembers of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With […]
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Infini Hacked: M in USDC Stolen, Admin Privileges Exploited

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners

Bitcoin.com
Kyrgyzstan Raises Electricity Rates for Cryptocurrency Miners
$POWER
Kyrgyzstan Raises Electricity Rates for Cryptocurrency MinersThe government of Kyrgyzstan has recently revised its electricity tariffs for various groups of consumers. Authorities in Bishkek have raised the rates at which crypto mining businesses buy power citing the energy-intensive nature of the coin minting process. Crypto Miners in Kyrgyzstan to Pay More for Electricity Companies operating crypto mining facilities in Kyrgyzstan will […]
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Infini Hacked: M in USDC Stolen, Admin Privileges Exploited

Infini Hacked: $49M in USDC Stolen, Admin Privileges Exploited

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