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Indonesian Authorities Raid Ten Crypto Mining Facilities for Energy Theft


Source: AdobeStock / Photocreo Bednarek Indonesian authorities crack down on ten Bitcoin (BTC) mining sites for stealing energy from the national grid to power mining operations in the country. According to reports from local media outlets, the government moved in on ten crypto mining sites whose...

China Debuts Solar Power Industry Digital Yuan Smart Contracts


Source: jeson/Adobe A Chinese power provider says it has completed the first digital yuan smart contract transaction in the solar power industry. Per the Yangtse Evening Post (via Sohu), the State Grid Suzhou Power Supply Company struck the CBDC contract with the materials and textiles firm Suzhou...

Russia: Illegal Crypto Miner ‘Stole $225,000 From Grid’


An illegal crypto miner in Russia caused “considerable damage” to a local grid and stole around $225,000 worth of electricity, a power provider has claimed. Per the Russian legal publication Pravo, the miner allegedly siphoned off electricity from the grid in Yuzhno-Sakhalinsk, in the Sakhalin...

Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy


A new study suggests bitcoin mining could actually help drive the transition to renewable energy sources. Researchers Juan Ignacio Ibañez and Alexander Freier make the case that Bitcoin miners’ demand for cheap electricity provides incentives for increased renewable energy production....

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