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Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity Rates

Power Utility Sues Russians Mining Cryptocurrency at Their Homes, Raises Electricity RatesA Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint Digital Coins Irkutskenergosbyt, a power […]

Analyst Says Lower Prices for Bitcoin Could Serve As Catalyst for Rally to New Highs – Here’s What He Means

Iceland Refuses to Power New Bitcoin Farms Amid Electricity Shortages

Iceland Refuses to Power New Bitcoin Farms Amid Electricity ShortagesCryptocurrency mining is among several energy-intensive industries hurt by a power deficit in Iceland. The country’s main utility is now rejecting requests to connect new coin minting facilities to the grid, after cutting supply to aluminum smelters and fish factories. Iceland Turns Away New Crypto Miners to Deal With Lack of Energy Iceland’s largest utility, […]

Analyst Says Lower Prices for Bitcoin Could Serve As Catalyst for Rally to New Highs – Here’s What He Means