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 Reuters, Kuwait is 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, founder Alex de Fis Gao, founder of rating scientist Alex de Fries Gao, said, “It is only a very small share of the total bitcoin mining network to have a major impact on the total total small electricity of the koyota.”
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. The founder of Meta Mark Zuckerberg says that the restrictions in our power network will restrict the growth of artificial intelligence, as Meta and other companies turn into nuclear reactors to provide the electricity needed by the huge data centers. Even if there is enough energy, it also causes a decrease in energy quality in nearby residential areas, which reduces the life of electrical appliances in our homes.
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