Kuwait cracks on encryption mines to reduce the use of electricity

Kuwait is divided into cryptocurrency mines throughout the country, . Officials blame the power outage and cause tension on the power network. The country started this campaign before the start of the summer, which experts say From 125 degrees Fahrenheit.

In a statement, the Ministry of Interior in Kuwait said that it is conducting a “large -scale” security operation targeting homes suspected of using the cryptocurrency mining. The government agency continued that the mining of illegal encryption, like the country This practice was banned in 2023. Crypting trade .

The campaign targets homes in the Al -Wafra area in Kuwait, which is located in the southern part of the country. The Ministry of Electricity in the region said that about 100 houses have been used for mining operations, and it often consumes up to 20 times of regular energy levels. To this end, energy consumption in the region decreased by 55 percent after the operation, according to a government statement.

It is not a secret that the cryptocurrency mining captures huge amounts of computing energy, and thus electricity. Kuwait is not the only country to organize or prohibit explicit practice. Russia has banned coding mining . Kosovo Once again in 2022 and Angola . European countries are like They accurately organized the industry due to the lack of energy.

As for Kuwait, the researchers at the University of Cambridge estimated that the country was responsible Among the world’s bitcoin mining in 2022. Alex de Friz Gao, founder of a research project that follows the use of encryption energy, Reuters This “requires only a very small share of the total Bitcoin mining network to have a significant impact on the relatively small electricity in Kuwait.”

Modern data indicates that encryption mining represents approximately 2.5 percent of From the United States. This is nearly half of the energy used before . But hey, at least we get some fake coins that we cannot buy anything for our troubles.