Mining News

Kuwait rises from the suppression of illegal encryption mining, and asks 116

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  • Kuwait has interrogated 116 on illegal encryption mining as part of the campaign.
  • The authorities are investigating the illegal use of electricity for encryption mining through 59 residential properties.
  • Kuwaiti residents pay only 4.6 cents per kilowatt hour of electricity, four times less than the American average.

Kuwaiti authorities intensified their suppression campaign on illegal encryption MiningLaunching investigations in 31 cases and interrogation 116.

According to reports in Local mediaInvestigations include illegal use of electricity in order to mining encryption through 59 residential properties, which the authorities claim that the National Energy Network has caused the power outages on a large scale.

Adapted in the local news port Kuwait timesThe Prosecutor pledged to take “strict legal actions” against those who found that he had violated the law.

The campaign comes two weeks after the Ministry of Interior in Kuwait Warn Quoting the discovery of more than 1,000 illegal mining sites in the country.

The encryption mining constitutes a “illegal exploitation of electric energy”, as the ministry mentioned, and later described it as something that poses a “direct threat to public safety”, as stated on May 1. Reuters a report.

Three days after the warning, an international government committee Firing A large -scale security campaign carried out by the Ministry of the Criminal Security Sector of the Ministry of Interior, targeting illegal encryption mining activities.

In 2023, the country imposed “an absolute prohibition on all virtual mining activities/cryptocurrencies” Guidance One of the authorities that oversees anti -money laundering initiatives in the Gulf nation.

Summer coding mining

Electricity has been estimated to the country’s population as a relatively cheap cents per kilowatt, or about four times less than the United States’ residents at the state level. middle From 16.44 cents per kilowatt hour.

The production of electricity in Kuwait reached 5,110 GB in January 2025, according to it Data From CEIC data, economic analyzes.

Despite these factors, the Kuwaiti government urged its residents to reduce use and energy conservation, with summer temperature expectations in the region More than 52 ° CElectrical network tension.

While electricity is cheap, the general climate in the country does not lead to encryption mining platforms, which usually require between 1000 watts (1 kW) to 8 kilowatts of energy, according to 2024. Ticket From US Energy Information Management.

It only represents encryption mining One -worker Among the many effects on electrical networks, even when the industry gradually turns towards more sustainable practices. In fact, defenders of this practice argue that encryption mining can actually help Stability Energy networks, while a New study From the Cambridge alternative Finance Center, sustainable energy sources to extract bitcoin grew to 52.4 %, increasing from 37.6 % in 2022.

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