Abkhazia Posts Videos of Illegal Bitcoin Mines That Are Causing Power Blackouts

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    • #410554
      eridani
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      • Total Posts: 9,978

      https://www.vice.com/en/article/5dpxzn/abkhazia-posts-videos-of-illegal-bitcoin-mines-that-are-causing-power-blackouts

      Officials in the tiny, disputed, Black Sea territory of Abkhazia are determined to show their crackdown on rampant mom-and-pop Bitcoin mining operations is serious business. And they’re posting videos of the cops busting DIY Bitcoin mining farms to prove just that.

      Bitcoin mining has become a big business for the impoverished area. But the digital farms are consuming so much power, they’ve been blamed for rolling blackouts. And now, like the vice squad busting up small-time bootleggers during prohibition, the authorities are moving in.

      In a region estimated to have more than 1 crypto-mining facility for every 400 residents by its own Economy Ministry, this is no small feat.

      Abkhazia’s Ministry of Internal Affairs announced in two YouTube videos this week that it has raided a series of Bitcoin mining operations that were illegally connected to the power grid. In one of the videos, a narrator announces that officials there had “identified a large cryptocurrency mining facility in a village” and several that were illegally connected to the power grid. In total, the government of Abkhazia says they have taken down eight mining operations in recent weeks.

      Jesus: Hey, Dad? God: Yes, Son? Jesus: Western civilization followed me home. Can I keep it? God: Certainly not! And put it down this minute--you don't know where it's been! Tom Robbins in Another Roadside Attraction

    • #410569
      rampart
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      • Total Posts: 589

      but the incredible energy used to create, essentially, nothing ………

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