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Illegal mining

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It was recently unearthed by Russian authorities that an entire mining hub was being operated inside a psychiatric clinic of Russia’s oldest prison. Yup, you did read that right. An illegal mining hub was being operated inside Butyrskaya prison in the Tverskoy District of central Moscow since last November 2021. It is believed that the rigs operated till February 2022 and during this time they consumed about 8,400 kilowatts of government-paid electricity which amounts to 62,000…

If you all remember our previous articles on Abkhazia and Iran. We are sure you guys already know how the two countries previously faced dire issues regarding the mining sector and complications arising from it that lead them to eventually put a temporary ban on the whole mining sector. Well now, it seems the world second-largest home to miners, Kazakhstan which is right after the US is facing similar issues now. Just after the crypto…

In July 2019, the Iranian government had for the first time officially recognised the cryptocurrency mining sector as a legal industrial activity. Since then mining companies or mining farms have had to apply for licensing and permits for them to legally operate in Iran. The licensing and permits were all and are still handled by the Ministry of Industries of Iran. Thus, this became a safe heaven for crypto miner’s as back then and still…