Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

THELOGICALINDIAN - Authorities in Abkhazia accept bankrupt bottomward two crypto mining farms that accept been illegally affiliated to the ability filigree The accessories were minting agenda bill in abuse of a mining ban imposed by the government to abate electricity shortages

Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia

Dozens of mining rigs accept been active on baseborn electricity in two cryptocurrency farms amid in the rural areas of Ochamchira District, Abkhazia. Officials from the bounded ability utility, Chernomorenergo, accept confiscated 82 mining units, the administration aggregation appear on its Facebook page.

Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware

Over the accomplished few years, crypto mining has become a accepted assets antecedent in the partially recognized, breakaway republic in northwestern Georgia. However, the government in Sokhumi has abhorrent the growing electricity arrears in the area on the energy-intensive action of crypto mining.

In 2018, Abkhazia alien a “temporary” ban on mining and accouterments imports, but admitting the restrictions admiral declared that miners were amenable for aftermost year’s activity crisis. This spring, authorities extended the admeasurement until March 2022, introducing fines and criminalizing the actionable use of electrical power. A cardinal of mining operations were shut down.

The latest seizures of accessories appear afterwards association of Ochamchira District affianced in cryptocurrency mining, aggregate to beef the accomplishments of Abkhaz law administration aftermost month. Their acrimony was affronted by several badge raids targeting actionable mining accessories in the villages of Aradu and Pakuash, Forklog and Sputnik reported. To boldness the conflict, bounded authorities alleged a affair with assembly and the country’s agent abbot of interior.

Since then, the government of Abkhazia has started negotiations with Russia for added ability food to amuse its growing needs, including those of cryptocurrency miners. The free republic, which is accustomed and backed by the Russian Federation, additionally affairs to approve and adapt the accretion crypto mining industry.

Do you apprehend Abkhazia to absolutely change its behavior appear cryptocurrency miners? Share your thoughts on the accountable in the comments area below.

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