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Despite Criminalizing Mining, Abkhazia Uncovers Another Crypto Farm
19.5.2022
Even after introducing fines and criminal liability for cryptocurrency mining, Abkhazia continues to find underground facilities for digital currency extraction. This week, law enforcement officials have confiscated dozens of mining devices from an illegal crypto farm. Abkhazia Shuts Down Crypto...
Abkhazia Seizes 6,000 Mining Devices but Fails to Disrupt Crypto Mining
26.9.2021
Authorities in Abkhazia have confiscated thousands of mining machines, closing down all large crypto farms, yet they have admittedly failed to put an end to illegal mining operations. The breakaway republic of Georgia has been struggling with power shortages blamed on underground miners. 30,000...
Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware
6.8.2021
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...
Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners
24.7.2021
The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor. Abkhazia...