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China in mid-May announced its on illegal bitcoin miners as payment entities providing services for crypto transactions, lbackouts sent bitcoin and several other digital currencies. That's prompted a nationwide crackdown China comes after a bombshell well as temporary electricity cuts Musk to suspend allowing purchases of the company's vehicle's in bitcoin, citing link change concerns.
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| 0.04542094 btc | 397 |
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| Bans crypto mining blackouts | 677 |
| Bans crypto mining blackouts | The authors cited that from April to August, the energy flowing to Bitcoin jumped several hundred percent. The newcomers are hoarding gigantic volumes of electricity, creating shortfalls that are spreading blackouts from Tehran to Almaty. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. The government officially banned the industry at year-end. But within months, the Bitcoin bonanza took the nation from plenty to penury. DUBAI, United Arab Emirates � Iran's government announced a ban on the mining of bitcoin and other cryptocurrencies, the country's president, Hassan Rouhani, announced Wednesday, as officials blame the energy-intensive process for blackouts in a number of Iranian cities. |
| Bans crypto mining blackouts | 80 |
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The City That Banned Bitcoin MiningThe increased demand tipped the grid over and power shortages led to localized blackouts in parts of the country, exacerbating existing tensions. The ban is the second time this year that Iran ordered a shutdown of authorised cryptocurrency mining centres to ease the strain on the country's power plants. Kazakhstan cut off companies mining cryptocurrencies from its electricity supply a day before parts of the country were hit by blackouts.
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