8.7 C
New York
Sunday, April 5, 2020
Home Bitcoin News Illegal mining farms began to shut down in Georgia

Illegal mining farms began to shut down in Georgia

Energo-Pro Georgia, a company that distributes electricity in Georgia, discovered and stopped the supply of electricity to a mining farm in Mestia. The company stressed that due to the sharply increased energy consumption in the region, more than one miner may be disabled, Sputnik Georgia reports.

According to the mayor of the village of Kakhi Zhorzholiani, the authorities have already warned local residents about the illegality of mining cryptocurrencies without paying electricity bills.

“Energo-Pro Georgia detected up to two thousand miners, and all were placed in the same space. And after their shutdown, electricity consumption decreased by 2.5 megawatts, ” he said.

The company also noted that over the past six months, electricity consumption in the region has increased so much that the network often could not stand and the supply of electricity to the population was limited.

“The population of Mestia is exempt from paying for electricity, and businesses pay for the electricity consumed in accordance with the established tariff. The bitcoin farm we discovered was not registered as a business entity and, accordingly, it produced cryptocurrency mining for free, ” Energo-Pro Georgia said.

Mestia is included in the list of settlements in high-altitude regions that, according to the strategy of the government of Georgia, enjoy preferential tariffs for public services.

Recall that according to the IMF, Georgia ranks fourth in terms of bitcoin mining and mining accounts for a significant share of its economy.

Lara Jensenhttps://hicryptonews.com/
Senior Content Writer at Hi Crypto News with a demonstrated history of working in the Crypto industry. My background comes from over 5 years of writing for cryptocurrencies and crypto exchanges.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Eminem – Stronger Than I Was

We woke reasonably late following the feast and free flowing wine the night before. After gathering ourselves and our packs, we...

Dj Dark – Chill Vibes

We woke reasonably late following the feast and free flowing wine the night before. After gathering ourselves and our packs, we...

Leona Lewis – Bleeding Love (Dj Dark & Adrian Funk Remix)

We woke reasonably late following the feast and free flowing wine the night before. After gathering ourselves and our packs, we...

Silicon Valley Guru Affected by the Fulminant Slashed Investments

We woke reasonably late following the feast and free flowing wine the night before. After gathering ourselves and our packs, we...

Recent Comments