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Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia
1.1.2023
Growing 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...
Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says
18.7.2022
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking...
Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages
4.11.2021
Facing 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...
Belgium Energy Minister’s Twitter Account Hacked- Fake Ethereum Giveaway Advertised
12.2.2021
The official Twitter account of Belgium’s Minister of Energy was the recent victim of a high-profile hacking incident. Tinne Van der Straeten’s profile was hacked to promote a bogus giveaway of ethereum tokens. Hacked Twitter Accounts Whoever was behind the incident changed...
Iran’s Energy Minister Wants Crypto Miners Charged Real Electricity Prices
10.6.2019
Iran’s deputy energy minister has said that power bills for crypto mining should be calculated in real electricity prices and no longer subsidized
Crypto Miners’ Electricity Shouldn’t Be Subsidized: Iranian Energy Minister
10.6.2019
Low electricity costs make Iran a popular mining destination. That could change