Saturday, December 21, 2024
Home > blamed (Page 2)

Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners – Mining Bitcoin News

The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry. NPP

Read More

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions – Mining Bitcoin News

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity

Read More

Remittances to Africa Set to Drop by 5.4 % to $41 Billion — Covid-19 Pandemic and High Sending Costs Blamed – Emerging Markets Bitcoin News

According to findings from the Continental Migration Report 2021, remittances to African countries are projected to decrease from the $44 billion recorded in 2020 to $41 billion. The Covid Effect As expected, the Covid-19 pandemic is identified as one of the main causes of the decline. However, despite this projected 5.4

Read More