Kyrgyzstan Reportedly Shuts Down 500 Illegal Cryptomining Farms

Bitcoin
(Image credit: Shutterstock)

Kyrgyzstan's State Committee for National Security (SCNS) shut down 500 cryptocurrency mining farms a local news site called 24 reported Saturday, ostensibly so they could no longer put undue strain on the country's power grid.

"More than 500 mining farms illegally connected to power grids have been revealed," SCNS said in a statement that was published by 24. "It should be noted that the mining farms subsequently lead to a shortage of generated electricity, since one set of equipment consumes about 1,500-3,000 kilowatts per hour."

Latest Videos FromTom's Hardware
Nathaniel Mott
Freelance News & Features Writer

Nathaniel Mott is a freelance news and features writer for Tom's Hardware US, covering breaking news, security, and the silliest aspects of the tech industry.

  • zodiacfml
    i still don't know why crypto devs haven't increased mining difficulty to reduce mining activity/profitability. sure, it makes for a more secure but already huge network but the problems such as this and GPU shortage. reduced mining also reduces inflation of the coin.
    Reply
  • USAFRet
    zodiacfml said:
    i still don't know why crypto devs haven't increased mining difficulty to reduce mining activity/profitability. sure, it makes for a more secure but already huge network but the problems such as this and GPU shortage. reduced mining also reduces inflation of the coin.
    They will do whatever benefits them the most. Increase, decrease, leave it the same...
    The GPU shortage is, to them, irrelevant.
    Reply
  • Phaaze88
    Pay the power bill like everyone else?
    That probably wouldn't be enough in some regions where the power grids aren't very robust, and where other inhabitants need A/C and heating during those hot summers and cold winters.
    Maybe they could duct some of that heat to homes...

    Move elsewhere?
    Some of the good spots are likely already taken by other farms, and others are on alert for abnormal power use...

    I guess the world isn't ready for worldwide mining farms yet...
    Reply