Malaysian Firm Tenaga Nasional Bhd (TNB) Reports Crypto Miners Stealing $25 Million in Electricity

2019-8-16 16:32

Tenaga Nasional Bhd (TNB), an electric power company from Malaysia, has recently accused Bitcoin miners of robbing electricity from it. According to the company, around $25 million USD worth of electric power was lost due to Bitcoin miners who illegally used it.

The reports affirm that these miners tampered with the distribution boards of the […].

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Источник: bitcoinexchangeguide.com

miners electricity → Результатов: 126

Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.

2019-4-11 23:38	Mining
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Tax Rates For Electricity Soars In Norway, Leading Miners To Potentially Flee To Sweden

Around the world, the cost of mining seems to be predominantly expensive as a result of how much electricity is needed. In Norway, new tax rates have been established that makes electricity even more expensive, but miners don’t want to take this laying down.

2018-11-28 09:42	News
miners electricity tax rates norway expensive want

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Japan Is Proving to be a Surprising Haven for Crypto Miners

Rural Japan is luring more and more cryptocurrency mining operations. They’re attracted by subsidised rents, as well as relatively low electricity rates. Cities Like Fukui Seeing More Mining Operations Spring Up When you think of large scale cryptocurrency mining operations, Japan probably isn’t the first place that springs to mind.

2018-7-7 22:00	Japan
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Tom Lee, of Wall Street, reduces his end of year bitcoin price goal by approximately 20%

Bitcoin at $6,600 brings prices back to the lows in April, which marked the halt of a slide from nearly $20,000 in late 2017. Cryptocurrency miners use high powered computers that use a lot of electricity to complete a series of complex calculations to create a bitcoin. The bitcoin protocol calls for a finite number

2018-7-5 20:41	Cryptocurrency
bitcoin use finite calls high number miners

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Miners in China arrested during round up, IPO in HK

Mining In recent mining news, major mining chip manufacturer Ebang Communications has filed for an Initial Public Offering (IPO) in Hong Kong, a Chinese miner has been arrested for allegedly stealing 150,000 kilowatt-hours (kWh) of electricity in roughly one month, and a report has provided unique insight into the state of mining in the Russian

2018-6-28 13:37	USD
mining ipo arrested electricity allegedly stealing kilowatt-hours

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Quebec to Miners: “Provide Jobs if You Want More Electricity”

Quebec's energy troubles caused by cryptocurrency mining might go away soon, as Hydro-Quebec drafts a new proposal that allocates 500 megawatts to new mining companies under certain conditions.

2018-6-25 20:42	News
new quebec mining drafts hydro-quebec proposal soon

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Quebec electricity price hike: Crypto miners must pay up to 3 times the current rate

Japan Confirms Entrance Into the Crypto Space Price Hike for Crypto Miners Quebec, a province in eastern Canada, offers one of the lowest power rates in North America. Quebec has been trying to attract crypto miners with its inexpensive electricity and cold winters, as news.

2018-6-23 07:32
crypto quebec miners electricity hike price cold

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Bitcoin Inside: Crypto Mining Farm to Open in Former Intel Facility

California-based 3G Venture II has paid $13 million for a significant portion of an old Intel chip plant in Colorado Springs, which it intends of turn into a new bitcoin mining operation. Mining Farms Opening Around the World Miners have been flocking to cities that offer cheap electricity to reduce costs and increase profits, and it looks like Colorado Springs may join the list.

2018-6-23 07:00
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Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations.

2018-6-23 05:40	Virtual Currency
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Hydro-Quebec Increments Power Costs by 300% for Bitcoin Miners

The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners. As a result of this uneasy situation, the regulator will allow Hydro-Quebec to raise its electricity prices.

2018-6-22 08:49
bitcoin electricity regulator allow hydro-quebec prices costs

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Quebec crypto miners will now be needed to bid for electricity under the newly laid down rules.

The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The starting rate is reportedly 1 Canadian cent ($0. 0075) per kilowatt hour, which is 20 percent above the industry standard price.

2018-6-22 07:06
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Hydro-Quebec Increases Electricity Prices by 300% for Bitcoin Miners

Even though Canada has become a very important country for cryptocurrency mining, it seems things are changing behind the scenes. The Quebec provincial regulator has decided to allow utility providers to hike electricity prices for Bitcoin miners.

2018-6-22 05:00
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Under New Rules Quebec Crypto Miners Will Be Required to Bid for Electricity

Under new rules, Quebec crypto miners are required to bid for power and quantify the jobs and investment per megawatt that they will generate

2018-6-22 01:34	Cryptocurrencies
bid under required quebec new crypto rules

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Under New Rules Quebec Crypto Miners Will Be Required to Bid For Electricity

Under new rules, Quebec crypto miners are required to bid for power and quantify the jobs and investment per megawatt that they will generate

2018-6-22 01:34	Cryptocurrencies
bid under required quebec new crypto rules

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Kosovo Offers Inexpensive Cryptocurrency Mining

Cryptocurrency mining can get rather costly, given its massive energy consumption. But the Southeastern European country of Kosovo could provide a solution to that dilemma. While Kosovo might be recognized as one of Europe’s poorer countries, it does have one of the cheapest electricity rates in the region.

2018-6-20 23:02	Mining
cryptocurrency kosovo mining inexpensive offers one rates

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Crypto Miners Embrace Cheap Power in Europe’s Poorest Country

In Kosovo, Europe’s poorest country, there are few job opportunities for a population of which 50% are under 25 and most adults in the country wish to go abroad to work away from rampant corruption and cronyism.

2018-6-19 12:30
country poorest europe cheap crypto few power

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Chinese Cryptomining Chip Giant Bitmain Is Considering an IPO

Bitmain — the largest and most established manufacturer of cryptocurrency mining chips — is considering an IPO, or initial public offering. This could potentially open the company’s books to the world and allow the stock market to assign the company real-time value.

2018-6-11 01:34	Investing

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Cryptomining Applications Suspended in Quebec

Canada’s Quebec province has announced that it will be suspending all approvals for new digital currency-mining projects so officials can consider deeper restrictions and potential energy price hikes.

2018-6-11 03:08	Mining

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Genesis Digital Assets to Mine Bitcoin using Argentina’s Stranded Gas

Bitcoin mining activities are on the rise globally, showcasing the resilience of this highly competitive industry. Genesis Digital Assets Limited has announced an initiative to mine Bitcoin using stranded gas in Argentina.

Arkansas governor to reportedly sign two bills regulating crypto mining activities

Arkansas State Governor Sarah Huckabee Sanders is expected to sign two new bills regulating crypto mining activities within the state, according to various sources. The state lawmakers passed Senate Bills 78 and 79 on May 1 to tighten the regulations governing crypto miners in the state.

Babylon Chain aims to enhance Bitcoin’s utility through staking, reveals CEO

In the latest episode of the SlateCast, CryptoSlate welcomed David Tse, CEO and co-founder of Babylon Chain, to discuss the groundbreaking concept of Bitcoin staking and its potential to secure Web3.

Jack Dorsey’s Block Is Building a Bitcoin Mining System

The firm also completed the development of its three-nanometer mining chip, which it had been working on since April 2023.

Marathon Brings The Heat As Bitcoin Halving Approaches

In a sit down with Bitcoin Magazine just days before the Halving, CEO of Marathon Digital Holdings Fred Thiel articulates his plan to capitalize on the main byproduct of mining bitcoin: heat.

New legislation in Arkansas singles out Bitcoin miners introducing targeted state fee

The Arkansas Senate has greenlit a resolution introducing legislation to impose fees on crypto miners for excessive energy consumption, Arkansas Times reported on April 15. The proposed legislation introduces a tiered fee structure to the emerging industry.

Bitcoin set to reach $90,000 by year-end, forecast Bernstein analysts

Bernstein is bullish on Bitcoin, raising its year-end price target to $90,000 and extending the positive outlook to Bitcoin miners.

2019-8-16 16:32

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