Kuwait cracks down on crypto miners to cut down on electricity usage

Kuwait reaches Cryptocurrence Miners across the country, . Authorities blamed the experience to cause stress in the power and power network. Before the country starts this raid, the experts started before the experts 125 degrees Fahrenheit.

The Ministry of Internal Affairs of the Kuwaitim aims that this “extensive range” security operation conducted a “extensive range” security operation, which is used to suspect the use of cryptocurrence for mining. The government body continued to say that crypto is illegal of CryptoGalga, as in the country He banned the experience in 2023. Crypto Trade .

Bastdown target houses in the southern part of the country in Kuwaiti Al-Wafrah. The Ministry of Electricity of the region has been used for mining operations of about 100 houses, often consumed 20 times more than normal power levels, he said. For this purpose, energy consumption in the area decreased by 55 percent after the operation.

It is no secret that cryptocurrency mining is a large amount of computing power and such electricity. Kuwait is not the only country that regulates or explicitly prohibits practice. Russia banned the culture of crypto . Kosovo 2022 and Angola . Like European countries We arranged the industry seriously due to lack of energy.

As for Kuwait, the researchers of Cambridge University estimated that the country was liability In 2022, the world’s growth. Alex De Vries-Gao, a research project based on Crypto energy use Reuters “Kuwait receives a small share of the General Bitcoin mining network to significantly affect the relatively small electricity consumption.”

The latest information shows that Crypto is almost 2.5 percent of mining accounts Of the USA. This is about half of the energy used . But Hey, at least we get fake coins that we cannot get anything for our problem.