energy | ForkLog

ForkLog 18 14.01.2025

Makhachkala unplugs 408-device bitcoin farm

Dagestan’s power utility uncovered a large cryptocurrency-mining farm in Makhachkala that was illegally connected to the grid, according to acting director of Dagenergo, Arsen Gadzhiev. He said the facility hosted 408 ASIC miners. The amount of stolen electricity exceeded 27m kWh. Damages were estimated at more than 180m rubles. Case materials have been handed over […]

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ForkLog 20 09.01.2025

Thai police seize about 1,000 bitcoin miners from JIT Co.

Thai police seized 996 bitcoin mining devices from JIT Co., based in the eastern province of Chon Buri, according to local media. The firm, registered to trade digital assets, is suspected of stealing electricity. Preliminary estimates put losses at hundreds of millions of baht (millions of dollars). An employee told police the power theft took […]

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ForkLog 18 30.12.2024

AI Data Centres Pose Potential Risks to US Power Grids

The proliferation of data centres powering artificial intelligence could lead to issues within the US power system, according to a new report by Bloomberg. The agency found that more than half of households experiencing the most severe power distortions are located within 32 km of major data centres. Experts analysed 1 million sensors in residential […]

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ForkLog 16 17.12.2024

Abkhazia’s Draft Law Proposes Prison for Cryptocurrency Mining

On December 16, the Abkhazian parliament passed in the first reading draft laws for a complete ban on cryptocurrency mining and criminal liability for such activities, as reported by TASS. Both documents aim to ensure the rational use of the republic’s limited energy resources. The first draft prohibits cryptocurrency mining, as well as the circulation, […]

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ForkLog 14 10.12.2024

Abkhazia Shuts Down Internet to Combat Illegal Mining

On December 10, from midnight to 7:00 AM, internet providers in Abkhazia, at the behest of authorities, disconnected internet access across the republic to counteract illegal mining. This was reported by Interfax. The government has established a task force to ensure the region’s energy security. Timur Dzhindzholia, CEO of Chernomorenergo, stated at a task force […]

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ForkLog 5 04.12.2024

Illegal Miners Push Abkhazia’s Energy Sector to Crisis

The authorities in Abkhazia have declared an energy crisis in the republic, attributing it partly to illegal cryptocurrency mining, reports TASS. The region is currently experiencing an emergency drop in water levels at the Inguri hydroelectric power station, which could lead to rolling blackouts and necessitate additional electricity purchases. Since 2016, energy consumption in Abkhazia […]

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ForkLog 4 02.12.2024

Siberian Legislator Faces Charges for Garage-Based Crypto Mining

A member of the Krivodanovsky village council in the Novosibirsk region has been accused of causing property damage through illegal cryptocurrency mining, according to the regional prosecutor’s office. Case files indicate that 28-year-old Alik Nersisyan set up an illicit mining operation in his garage in the village of Krivodanovka. Investigators allege he used piercing clamps […]

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ForkLog 11 22.11.2024

Belarus Boosts Mining with Nuclear Power Plant Launch

The launch of Belarus’s first nuclear power plant has enabled the development of incentivised electricity tariffs, fostering the growth of cryptocurrency mining. This was stated by the Deputy Minister of Energy of Belarus, Denis Moroz, as reported by Rossiyskaya Gazeta. He explained that companies engaged in cryptocurrency mining and large data centres receive discounts based […]

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ForkLog 53 18.11.2024

Regions in Russia with the Most Affordable Cryptocurrency Mining

The Irkutsk region, Khakassia, and Dagestan offer the lowest electricity tariffs in Russia, making them the most cost-effective areas for cryptocurrency mining. These calculations were provided by the rating agency ACRA. Analysts referred to the government-set energy consumption limit for individual miners at 6000 kWh, which does not require registration with the FTS. In the […]

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ForkLog 12 07.11.2024

Samara Authorities Seize 371 Bitcoin Miners from Local Enterprise

Police in Samara have shut down an illegal cryptocurrency mining operation located on the premises of a local enterprise, according to a report by the regional Ministry of Internal Affairs on their official page. Investigators revealed that the enterprise’s director, along with unidentified accomplices, purchased cryptocurrency mining equipment and installed it in rented premises on […]

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ForkLog 31 11.10.2024

BitRiver Converts Over 150 Million Cubic Meters of Associated Gas for Bitcoin Mining

In collaboration with oil and gas companies, BitRiver has converted over 150 million cubic meters of associated gas into electricity for bitcoin mining, according to its Chief Financial and Investment Officer, Alexander Volkov. This was reported by Prime. The firm processed this volume from January 2023 to early October 2024. BitRiver is confident in Russia’s […]

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ForkLog 21 25.09.2024

Mining Farm Generating $300,000 in Two Years Shut Down in Astana

Experts from Kazakhstan’s AFM are investigating an illegal cryptocurrency mining operation. The farm, comprising nearly 1300 ASIC miners, was operating under the guise of an engine processing centre in Astana. According to case materials, from 2022 to May 2024, the suspects engaged in mining digital assets without the necessary license. The total value of the […]

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