US school employee charged for mining crypto with stolen electricity

2023-2-25 16:15

A former facilities worker in the US state of Massachusetts is accused of stealing nearly $18,000 in electricity to power his crypto mining operation in a school's crawl space.

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electricity crypto mining school nearly stealing power

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Источник: btcmanager.com

electricity crypto → Результатов: 126

Thai police raids crypto mining farm that stole $30K worth of electricity

The police authorities in Nang Rong, while on a tip-off, have raided a two-story commercial building used for illegal bitcoin mining operations.

2022-12-25 17:04	Thailand
police mining raided two-story tip-off commercial used

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Canada’s western province, BC, will block new cryptocurrency miners

British Columbia, Canada, will deny electricity to new crypto mining firms, according to a press release published by the provincial government on December 21. The post Canada’s western province, BC, will block new cryptocurrency miners appeared first on CryptoSlate.

2022-12-22 06:00	Mining
canada new miners cryptocurrency province block western

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Why are Bitcoin miners struggling so much? Core Scientific file for bankruptcy

Key Takeaways Core Scientific was worth over $4 billion last summer, but is down 985 form all-time highs Rising electricity costs are hiking costs with falling Bitcoin prices hurting revenue With hash rate near all-time highs, the entire mining industry is struggling The crypto winter continues to take victims.

2022-12-21 15:58	Bitcoin News
core costs all-time scientific highs struggling bitcoin

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Largest Eurasian BTC Mining Hub in Kazakhstan Tightens Rules for Miners

Electricity from auctions, new taxes and two licenses instead of one: Kazakhstan Parliament passes major bill on crypto

2022-12-7 16:41
kazakhstan instead licenses two one parliament bill

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Paraguay Crypto Bill Axed by Lawmakers, Cheap Bitcoin Mining Prospects Disappear

A Paraguay crypto bill focused on taxation and crypto mining has been tabled by lawmakers. The bill would have established electricity cost caps for mining. The post Paraguay Crypto Bill Axed by Lawmakers, Cheap Bitcoin Mining Prospects Disappear appeared first on BeInCrypto.

2022-12-7 08:47
mining bill crypto paraguay lawmakers prospects disappear

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Paraguay's legislature fails to reverse presidential veto on crypto regulation law

Just 38 out of 80 members of Paraguay’s Chamber of Deputies voted to reconsider a bill to cap electricity rates for the country’s crypto miners.

2022-12-7 23:45
paraguay crypto reconsider bill voted miners deputies

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Paraguay Votes Down Crypto Regulatory Bill in a Blow to Crypto Mining Industry

The bill would cap how much the grid operator can charge bitcoin miners for electricity.

2022-12-7 16:41	policy
bill crypto operator grid much charge bitcoin

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Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners

Kentucky’s Public Service Commission is concerned the rates could result in higher electric bills for state residents.

2022-12-6 23:25	policy
kentucky could result rates concerned higher state

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Argentina Dismantles Illegal Crypto Mining Operation, Arrests 40

The country’s tax collection agency is investigating electricity theft, and seized cash and crypto mining equipment in the raids.

2022-10-22 20:16	Business
mining crypto investigating theft electricity cash raids

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European Union’s Action Plan on Digital Energy Might Affect Crypto Mining

The European Commission (EU) action plan seeks to curb electricity use for crypto mining among member states.

2022-10-19 15:30	European Union
mining crypto european plan action electricity curb

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Norway Minister Proposes Scrapping Reduced Tax Policy For Minors

Cryptocurrency mining surf a large quantity of electricity. And since the crypto industry saw widespread adoption in recent years, it scaled up mining activities likewise, which caused electricity shortages in some countries like Iran and Kosovo.

2022-10-7 02:59
electricity mining iran like years recent adoption

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White House Pushes For Net-Zero Carbon Emission In Latest Crypto Report

Recently, the White House released a report that details how crypto mining and other technologies contribute directly to pollution, greenhouse gas effect, noise, and other hazardous environmental effects that get in the way of federal agency’s initiatives to attain a net-zero carbon emission that is in adherence to U.

2022-9-10 20:05	White House
report white house crypto net-zero carbon emission

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What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity.

2022-8-7 12:30	ETHUSDT
miners ethereum bitcoin record growth 2022 according

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Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July

Argo Blockchain (ARB) mined 219 bitcoin or bitcoin equivalents (BTC) in July as it combated problems with its equipment and electricity costs.

2022-8-5 11:37	Business
costs july bitcoin equipment blockchain argo combated

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Paraguay’s Electricity Authority Requests Higher Rates for Crypto Miners, Partial Veto of Mining Legislation

The legislature this month approved a bill regulating crypto mining and trading in the country.

2022-8-5 23:05	policy
crypto mining approved month legislature bill regulating

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United States Crypto Miners Are Now Using as Much Power as Houston

Powers Combined Even if the crypto market isn't exactly growing in terms of profit, miners it are certainly increasing their energy consumption. The New York Times reported this week that just seven of the biggest Bitcoin mining companies are now using nearly as much electricity as all the homes in Houston combined, meaning that all crypto mining […]

2022-7-20 17:54	the digest
crypto all combined mining houston miners using

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Kazakh Crypto Mining Tax Hike Signed Into Law by President Tokayev

Kazakhstan is trying to tackle its struggle with electricity shortages with a series of reforms on crypto mining.

2022-7-13 13:54	policy
mining crypto struggle tackle electricity series reforms

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Argo Blockchain Hires Derivatives Trader to Navigate Market Rout, Sells BTC to Reduce Loan

The crypto miner recorded gains in production in June, but higher electricity costs and falling bitcoin prices narrowed its margins.

2022-7-8 12:10	Business
higher electricity june production costs falling margins

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Crypto downturn sees electricity consumption on Ethereum plunge by 50%

Electricity consumption on some of the biggest crypto networks dropped by as much as 50%, as depressed token prices forced miners to shut shop, according to the Guardian. The post Crypto downturn sees electricity consumption on Ethereum plunge by 50% appeared first on CryptoSlate.

2022-6-24 22:30	Technology
crypto electricity consumption plunge sees ethereum downturn

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Iranian government to cut power supply for the country's legal crypto mining rigs

For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable.

2022-6-21 21:15
country unsustainable low extremely prices leading production

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Crypto Miners in Iran to Face Blackout as Mining Becomes Unprofitable

Authorities in Iran have announced that crypto miners operating in the country would have their access to electricity cut off by June 22. The post Crypto Miners in Iran to Face Blackout as Mining Becomes Unprofitable appeared first on BeInCrypto.

2022-6-20 05:50
crypto iran miners becomes unprofitable mining face

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Here’s how blockchains are helping to advance the global energy grid

Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector.

2022-6-11 00:30	Bitcoin Regulation
energy interest growing investors uses mining steps

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Gov't says crypto miners consume 2% of total electricity in Russia

Crypto mining falls under the “gray zone” in Russia, which means even though it’s not banned, it doesn’t fall under the purview of law which could pose risks for those involved.

2022-5-31 13:44	hash rate
russia under crypto law purview doesn banned

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Tax guidelines for crypto mining pass the first reading in Kazakhstan

The gradual scale would impose the highest taxes on the cheapest electricity sources.

2022-5-26 19:30
scale gradual impose highest electricity sources cheapest

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Argentina Bears Down on Crypto Miners Amid Power Shortage

Some registered companies saw a 400% increase in their electricity bills in March, while unregistered miners do not plan to stop using subsidized residential tariffs.

2022-5-10 20:01	Business
miners unregistered bills march plan residential tariffs

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Kazakhstan ramps up power consumption reporting requirements for crypto miners

Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption.

2022-5-5 04:02
consumption information submit comprehensive operations electricity reign

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China's Zhejiang Province Implements Punitive Electricity Prices for Crypto Mining

Authorities are still working to eliminate the industry, months after it was banned.

2022-2-25 15:52	policy
eliminate working industry months banned still punitive

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Former Soviet Republic Is Primed For Crypto Mining, Despite Its Burgeoning Power Deficit

Georgia’s crypto mining economy has evolved into a global leader in recent years, largely because of low taxes and affordable electricity rates, as well as a libertarian regulatory environment.

2022-2-23 08:12
mining crypto low recent largely taxes years

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New tax proposal in Kazakhstan could push crypto miners out

Kazakhstan may soon prove to be a hostile location for crypto miners as the Asian country’s government has proposed a hike in its electricity tariff and taxes for crypto miners. The post New tax proposal in Kazakhstan could push crypto miners out appeared first on CryptoSlate.

2022-2-9 00:00	Mining
crypto miners kazakhstan out new proposal tax

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Kazakhstan Authorities Propose 400% Increase In Tax On Crypto Miners

Kazakhstan’s Head of State Kassym-Jomart Tokayev has ordered an increase in taxes on electricity used by Bitcoin miners in the country, according to a local news outlet Kazinform. Speaking during an expanded meeting of the government, the president stated that his government would embark on identifying all mining farms, checking their tax status, carefully studying […]

2022-2-9 23:32	Cryptocurrency News
miners kazakhstan government tax increase stated president

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Kazakhstan proposes power price hikes and taxes targeting crypto miners

The central Asian country’s government has proposed three price increases to electricity and taxes specifically targeting crypto miners.

2022-2-8 07:26	Mining
targeting crypto miners taxes price three proposed

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Kosovo police seize 300 crypto mining machines amid electricity shortages

The country’s Minister for Economy tweeted that the seizure of crypto mining machines will save “tens of thousands of Euros per month,” providing “energy for hundreds of Kosovar families.”

2022-1-10 08:30
machines mining crypto save thousands euros tens

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Amid Electricity Shortages, Kosovo Government Places Ban On Crypto Mining

Kosovo has banned crypto mining on Tuesday in an effort to reduce electricity use as the country grapples with its worst energy crisis in a decade as a result of electricity disruptions. Kosovo Bans Crypto Mining Operations Due to electricity shortages during the winter season, the government of Kosovo has decided to stop crypto mining in the country.

2022-1-5 22:14
crypto kosovo electricity mining country shortages government

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Crypto miners in Kazakhstan flee over aging electricity infrastructure

Kazakhstan’s crypto mining industry was initially boosted by China’s tightening grip on digital asset regulation. The post Crypto miners in Kazakhstan flee over aging electricity infrastructure appeared first on CryptoSlate.

2021-12-28 17:00	Mining
kazakhstan crypto infrastructure electricity aging miners flee

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Miners’ Electricity Applications Rejected by Icelandic Utility as Supplies Dwindle

It seems like the days of Iceland’s reputation as an energy-rich and politically-favorable crypto mining location are coming to an end, as surplus energy supplies dwindle. The post Miners’ Electricity Applications Rejected by Icelandic Utility as Supplies Dwindle appeared first on BeInCrypto.

2021-12-7 21:56
supplies dwindle miners utility applications icelandic electricity

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Swedish call to ban crypto mining ‘completely misinformed,’ says fund manager

“The claim that Bitcoin miners jeopardize the electricity network is completely misinformed,” says EU-based fund manager Melanion Capital.

2021-11-23 16:23	sweden
misinformed says fund manager completely network electricity

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China’s NDRC Further Enforces Crypto Mining Ban, Seeks Punitive Damages for Miners

The National Development and Reform Commission (NDRC) China has called for further enforcement of the ban on crypto mining in the region via disciplinary electricity prices on large crypto mining farms.

2021-11-17 21:30	bitcoin mining
mining crypto china ban further ndrc region

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China Warns State-Owned Companies To Stop Bitcoin Mining Or Risk Strict Penalties

China has issued a warning to its state-owned enterprises to stop cryptocurrency mining. It also warned that it would increase electricity rates for companies that continue to defy the ban. This latest warning comes amid the ongoing crypto ban in the East Asian country.

2021-11-17 21:00
china warning ban mining state-owned companies stop

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Laos expects crypto mining to deliver these gains

One relatively more affordable place to mine Bitcoin in Asia (excluding China) is Laos, thanks to its hydroelectric potential and electricity prices. What's more, the landlocked country with a populatThe post Laos expects crypto mining to deliver these gains appeared first on AMBCrypto.

2021-11-5 23:30	News
laos these deliver gains expects mining crypto

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Can Russia rescue Kazakhstan's dwindling crypto mining activity with its electricity

Russia's Inter RAO might begin commercial electricity export to Kazakhstan in November, as per local reports. The development comes after reports of the country facing a serious energy shortage due toThe post Can Russia rescue Kazakhstan's dwindling crypto mining activity with its electricity appeared first on AMBCrypto.

2021-10-30 18:00	News
electricity kazakhstan russia reports dwindling crypto rescue

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After a crypto crackdown, is China going after NFTs and their promoters

The Cambridge Bitcoin Electricity Consumption Index showed that China held 0% of the average monthly hashrate share in August. After this, many concluded the country had done away with crypto for goodThe post After a crypto crackdown, is China going after NFTs and their promoters appeared first on AMBCrypto.

2021-10-25 20:30	News
china crypto promoters nfts crackdown going done

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Kyrgyzstan Government Raises Rates For Crypto Miners

The Cabinet of Ministers of Kyrgyzstan has recently revised its electricity tariffs for different groups of consumers. The authorities have raised the rates at which crypto mining businesses buy power.

2021-10-4 18:00
kyrgyzstan crypto rates raised consumers authorities mining

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Bitcoin Network Regrows Almost Completely, Kazakhstan Facing Electricity Shortages Due to Crypto Mining

Kazakhstan, which accounts for the third-largest Bitcoin mining hash rate share after seeing a 6x spike in its share between Sept. 2019 and April 2021, is considering measures like surcharge and limiting energy use while Kyrgyzstan has already increased electricity tariffs for crypto miners.

2021-10-4 17:39	bitcoin mining
share crypto mining kazakhstan electricity bitcoin measures

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Billion-dollar Bitcoin mining industry resumes in Iran after three-month ban

The extreme heat of the summer has subsided, so crypto mining has been given the green light, as it can no longer be blamed for stressing the electricity grid.

2021-10-2 08:08	bitcoin mining
mining light given green longer stressing electricity

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China’s high court proclaims that crypto is not protected by law

China has been making a lot of headlines in regards to the crypto industry this year, and more often than not, not for good reasons. The country has seen a number of its provinces crackdown on cryptocurrency mining, causing the miners to abandon their posts and seek out cheap electricity in other provinces, countries, and […] The post China’s high court proclaims that crypto is not protected by law appeared first on Invezz.

2021-8-23 15:12	Cryptocurrency
crypto china provinces law proclaims court high

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Iran’s crypto mining ban to be lifted in September

Iran’s state electricity company has just shared some good news for its local cryptocurrency miners, announcing that the mining ban is likely to be lifted come September. The Iran Power Generation, Distribution, and Transmission Company (Tavanir) previously prohibited mining on a country-wide basis earlier this year, in May.

2021-8-23 14:56	Cryptocurrency
iran mining company lifted september ban transmission

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Venezuela cut off power to Bitcoin (BTC) mining plants despite legalization

Bitcoin (BTC) miners in one of Venezuela’s most important industrial states, Carabobo, had their electricity cut off by authorities, Criptonoticias reported. On August 7, the regional officials effectively shut down crypto mining operations in the key state by suspending the power supply to all registered miners in the territory.

2021-8-11 02:05	BTC
cut miners venezuela mining btc bitcoin off

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Energy Veteran Roy Phillips Joins Board of Advisors at Intelligent Mining (iM)

Roy Phillips, founder, and CEO of REP Energy, an electricity generating company, has joined the Board of Advisors at Intelligent Mining(iM) following a recent press release. Intelligent Mining (iM) is a platform responsible for providing environmentally responsible energy solutions which support efficient crypto mining operations.

2021-7-28 23:16	Press Release
mining intelligent energy responsible board phillips roy

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Abkhazia Holds Talks With Russia to Ensure Electricity Supply for Crypto Miners

The government of Abkhazia is negotiating with Russia to solve a problem that led to a ban on cryptocurrency mining. The partially recognized republic in the South Caucasus is now planning to legalize the industry and source sufficient power supplies from its energy-rich northern neighbor.

2021-7-24 11:00
russia abkhazia planning legalize industry caucasus south

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