1,000 illegal cryptocurrency mining sites discovered
The post 1,000 illegal cryptocurrency mining sites discovered appeared on BitcoinEthereumNews.com.
The governo del Kuwait has issued a new and strict warning against mining illegale di criptovalute, after an investigation into electricity consumption identified over 1,000 siti sospetti scattered throughout the country. The formal warning comes from the Ministry of the Interior, which reiterated that mining is a prohibited and totally unregulated activity starting from July 2023, when the Financial Markets Authority had imposed a total stop on all activities related to cryptocurrencies, including exchanges and transfers. Energy too cheap to resist the temptation: over 1,000 illegal mining farms blocked in Kuwait Despite the legislative framework being clear, it is evident that the low cost of electricity in Kuwait – among the most advantageous in the world – represents a strong attraction for clandestine miners. The authorities emphasize how this activity entails serious consequences for the entire population. According to an official note from the Ministry of the Interior, cryptocurrency mining “causes overloads to the electrical grid in residential, commercial, and service areas, leading to blackouts and endangering public safety as well as disrupting essential services.” In addition to reiterating the ban, the Ministry has ordered the offenders to “immediately correct their position,” warning that otherwise they will be prosecuted “under the current laws.” Joint operation and red zones under observation The investigative blitz represents a cooperation between different ministries, particularly with the Ministry of Electricity, Water, and Renewable Energies, which provided essential data to identify illegal activities. Specifically, in the region of Al-Wafra, anomalies were discovered in 100 homes, where the energy demand remained consistently high throughout the day, without the normal variations typical of private houses. The spokesperson for the Ministry, Fatima Jawhar Hayat, revealed that, in some of these cases, energy consumption exceeded 100,000 kilowatt-hours just in March 2025, a figure equal to 20 times the average consumption…
