Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. Also Read: […]
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According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […]
Quebec is increasingly becoming a location of interest for bitcoin miners. The Canadian province offering inexpensive electricity and cold winters providing inexpensive cooling. Also Read: Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown A Young Canadian Entrepreneur Told Local Media That Quebec Is Becoming a Hotspot for Mining Mr. Bertrand runs approximately 50 ASICs […]
