Kyrgyzstan closes cryptocurrency farm with 2,500 mining rigs-mining Bitcoin messages
Kyrgyzstan closes cryptocurrency farm with 2,500 mining rigs-mining Bitcoin messages
authorities in Kyrgyzstan have uncovered and closed a large crypto mining farm in the north of the country. Law enforcement authorities claim that the illegal coin coin cavity institution has added to the power grid of the country "colossal damage" and is still trying to estimate the losses.
underground crypto farm in Kyrgyzstan
The region of Central Asia, including the Republic of Kyrgyzstan, has recently developed into a hotspot for mining cryptocurrencies. Companies that are involved in the extraction of digital coins were made up of its low energy prices in the middle of a persistent Cong on About the industry in China.
The influx of miners was held responsible for the shortage of electricity and some countries have tried to alleviate a growing electricity deficit. At the beginning of October, reports showed that the Kyrgyzstan government had raised the electricity tariff for crypto mining companies, among other things, citing the energy-intensive nature of its operation. The legislator in the neighboring Kazakhstan has Measure.
The authorities in Bischkek also pursued underground cryptocurrency miners. In May, law enforcement agencies 2,000 mining devices from a number of facilities outside of the Shape the law at several locations in the capital and in the Chuy region.
At a similar operation, the State Committee for National Security (GKNB) recently gave birth to a large illegal mining in the city of Druzhba in the IsSyk-ATA region. His officials have confiscated another 2,500 mining machines, as a media report reveals.
According to a press release published by the Ministry and cited by Sputnik Kyrgyzstan, the data center operated in a greenhouse was operated by foreigners. The GKNB also notes that its illegal activities have "damaged the power grids Kyrgyzstan enormously".
The investigators are now working on evaluating the losses for the state and determining whether the mining hardware was legally imported into the country. The committee added that he also tried to identify all the people involved in the company.
Kyrgyzstan has taken steps to regulate his growing crypto mining sector. In August 2020, the Ministry of Economic Affairs had a Introduction of mining activities. The law provides for a tax tax of 15 % on the electricity costs that are used to shape digital currencies. The law also obliges mining companies to register with supervisory authorities in order to maintain permission to operate in the country.
Do you expect Kyrgyzstan to continue his approach to illegal crypto mining operations? Share your thoughts on this topic in the comments below.
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