The use of energy in the city of Kuwaiti decreased by more than 50 % after the authorities erupted on the encryption mining

The authorities in Al -Wafra, Kuwait, coordinated the alleged encryption mines in the city, which led to a 55 % decrease in energy consumption in the following week. according to ReutersKuwait in the energy crisis, where the summer temperatures rise. The growing number of citizens is pushing to the energy network to maintain calm, while some power stations suffer from delaying maintenance. The Kuwaiti authorities claim that miners in the cryptocurrency are pushing the demand for energy until after the country’s ability, which leads to the power outages and the “main” power crisis.
The cryptocurrency trading is illegal in Kuwait, but mining has not been explicitly banned. However, the government of the government said it “constitutes an illegal exploitation of electric energy … and may cause interruptions that affect residential, commercial and service areas, which constitutes a direct threat to public safety.” The government raid covered about 100 houses suspected of hosting encryption mining operations, as some use more than 20 times the consumption of electricity in the Mediterranean house.
Exponation mining is a thick energy activity, as Bitcoin is consumed by more than 1047 kWh an hour of electricity-the same amount of energy used by the American medium family for more than a month. The researchers estimated that Kuwaiti miners were responsible for less than half a percent of global mining activities in 2022. However, the founder Alex de Friz Gao said, “It is only a very small share of the total bitcoin mining network, because of a significant impact on the total total of relatively total electricity in Kuwait.”
Kuwait is a small oil -rich country in the Middle East, where electricity is affordable, perhaps due to the low fuel costs. For this reason, it has become an attractive area for encryption miners, because energy consumption is one of the largest operating costs. However, the limited energy reserves in Kuwait and the expansion of the urban area mean that these operations are competing against the population and other electricity companies. Given that the authorities prohibit the trading of cryptocurrencies, it makes sense for them to eliminate mining operations.
This accident highlights the increasing energy requirements for high -power computing. Although encryption mining may determine energy consumption records, artificial intelligence data centers pose a greater threat to our electricity supply. Mita Mark Zuckerberg says that Our energy network restrictions will restrict the growth of artificial intelligencewith Meta and other companies turn into nuclear reactors To provide the electricity that huge data centers need. Even if there is enough strength, it also causes Low energy quality in nearby residential areasReducing the life of electrical appliances in our homes.
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