Abkhazia Posts Videos of Illegal Bitcoin Mines That Are Causing Power Blackouts

Abkhazia Posts Videos of Illegal Bitcoin Mines That Are Causing Power Blackouts

3 years ago
Anonymous $hYN7Hy7o7J

https://www.vice.com/en_us/article/5dpxzn/abkhazia-posts-videos-of-illegal-bitcoin-mines-that-are-causing-power-blackouts

Officials in the tiny, disputed, Black Sea territory of Abkhazia are determined to show their crackdown on rampant mom-and-pop Bitcoin mining operations is serious business. And they’re posting videos of the cops busting DIY Bitcoin mining farms to prove just that. 

Bitcoin mining has become a big business for the impoverished area. But the digital farms are consuming so much power, they’ve been blamed for rolling blackouts. And now, like the vice squad busting up small-time bootleggers during prohibition, the authorities are moving in.In a region estimated to have more than 1 crypto-mining facility for every 400 residents by its own Economy Ministry, this is no small feat.  

Abkhazia Posts Videos of Illegal Bitcoin Mines That Are Causing Power Blackouts

Mar 12, 2021, 5:19pm UTC
https://www.vice.com/en_us/article/5dpxzn/abkhazia-posts-videos-of-illegal-bitcoin-mines-that-are-causing-power-blackouts > Officials in the tiny, disputed, Black Sea territory of Abkhazia are determined to show their crackdown on rampant mom-and-pop Bitcoin mining operations is serious business. And they’re posting videos of the cops busting DIY Bitcoin mining farms to prove just that.  > Bitcoin mining has become a big business for the impoverished area. But the digital farms are consuming so much power, they’ve been blamed for rolling blackouts. And now, like the vice squad busting up small-time bootleggers during prohibition, the authorities are moving in.In a region estimated to have more than 1 crypto-mining facility for every 400 residents by its own Economy Ministry, this is no small feat.