Pakistan To Build Two Mining Farms As Government Looks To Participate In Bull...
A government minister overseeing new cryptocurrency policy in Pakistan said that a local province will build two hydroelectric mining farms.According to a report from Reuters, Pakistan’s Khyber Pakhtunkhwa province is planning to build two hydroelectric-powered pilot cryptocurrency mining farms. Though the report did not specify that the farms would mine bitcoin in particular, the ongoing bull run in bitcoin’s price, growing institutional acceptance of the asset and general market dominance of BTC would all suggest that they would.While the cost of building these mines remain unknown, a....
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The government of Khyber Pakhtunkhwa (KP), the third largest of Pakistan’s four semi-autonomous provinces, is setting up two state-backed bitcoin mining farms, local media reported last week. Ziaullah Bangash, advisor to the chief minister of KP on Science and Information Technology, said the provincial parliament passed a bill allowing the KP government to use its own money to establish the mining facilities. The province, which has since legalized crypto mining, will be mining bitcoin (BTC) for profit, BOL News, a local media organization, reported. No details were given about the....
According to a report by Reuters, the Pakistani government will launch a pilot program to build Bitcoin and other cryptocurrencies mining farms. Power by two hydroelectric sources and based on the province of Khyber Pakhtunkhwa, the national program seeks to obtain revenues from the current rally in the crypto market. The advisor to the provincial […]
The Pakistani province of Khyber Pakhtunkhwa will build two pilot cryptocurrency mining firms as part of a new state policy. The Pakistani province of Khyber Pakhtunkhwa, or KP, has formed a federal committee to create a new cryptocurrency policy including government-backed crypto mining.As part of the new policy, the KP Crypto Advisory Committee has already decided to pilot two hydroelectric-powered crypto mining farms, a minister overseeing the policy told Reuters.The committee held its first meeting on March 17, Zia Ullah Bangash, advisor to the provincial government on science and....
Authorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been running on stolen electricity in two cryptocurrency farms located in the rural areas of Ochamchira District, Abkhazia. Officials from the local power utility, Chernomorenergo, have confiscated 82 mining units, the distribution company announced on....
Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, Mining, and Trade has issued licenses to 30 cryptocurrency mining centers, the Financial Tribune revealed this week, quoting official figures published on the department’s website. One of these mining farms is based in Tehran Province....