Venezuelan Authorities Reconnect Affected Bitcoin Miners to Power Grid
Venezuelan authorities have reconnected affected bitcoin miners to the power grid in Carabobo state, after having been disconnected for undisclosed causes. Sunacrip, the cryptocurrency watchdog in the country, mediated between the regional power utility authorities and the affected miners, and managed to exert pressure to reconnect these miners, who were disconnected last week. Venezuelan Bitcoin Miners Reconnected to Power Grid Venezuelan authorities executed a reconnection operation yesterday for a group of affected bitcoin miners. The miners were reconnected to the national power grid....
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A group of Venezuelan Bitcoin miners that were disconnected from the power grid by regional authorities in the state of Carabobo might resume operations in the next 48 hours, according to the national cryptocurrency watchdog, Sunacrip. The institution met with affected miners on Wednesday and assured them it will make the necessary adjustments with regional authorities to allow them to operate and avoid further interruptions to the service. Venezuelan Miners in Carabobo Meet With Sunacrip A group of miners disconnected from the national power grid in the Carabobo state in Venezuela met....
Regional authorities in one of the key states of the country, Carabobo, suspended the power supply of all registered miners, effectively shutting down their operations in the industrial state. While there have been no official explanations for this measure, some people with knowledge on the matter state the action was taken due to the enormous energy consumption these operations have in the zone. Mining Operations Suspended in State of Carabobo Regional authorities in Carabobo suspended the power supply of registered miners in the key industrial Venezuelan state yesterday, with no official....
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report that quotes an anonymous source, the objective of this meeting is to discuss the process of connecting miners to the National Electric System (SEN) as well as “the rate to be paid.” Furthermore, the report quotes the anonymous source saying Corpoelec officials “were shutting....
Venezuelan authorities seized over a hundred mining machines in a residential area of a central state. According to reports, the mining farm was operating illegally without permits that the national cryptocurrency watchdog, Sunacrip, requires for these operations. The seizure was led by the national police, officers from the national power company, and....
Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower plants in Iran have been working with limited capacity as a result of insufficient rainfall this year. At the same time, authorities say the minting of digital coins consumes more and more electrical energy. Illegal mining operations, often relying....