CryptoMediaClub
Wednesday, June 18, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Abkhazia Says It Has Shut Down ‘All Large Crypto Mining Farms’

08.11.2024
A A
0
123
VIEWS
ShareShare

The de facto nation of Abkhazia claims it has shut down all “large” crypto mining “farms” on its territory.

The partially recognized state, on the Black Sea coast of the South Caucasus region, has suffered years of electricity woes.

Crypto miners have been blamed for the disruption, which has caused societal and political havoc.

However, an ongoing crackdown on illegal crypto miners appears to have done little to solve the energy crisis: Electricity shortages are also in the cards as winter draws closer.

A monument in Gagra, Abkhazia.
A monument in Gagra, Abkhazia. (Source: Vyacheslav Argenberg [CC BY 2.0])

Abkhazia: Crypto Miners Blamed for Power Problems

Per EA Daily, Dzhansukh Nanba, Abkhazia’s First Deputy Prime Minister and its Minister of Energy and Transport, claimed that “there are no large crypto mining farms operating in Abkhazia.”

Nanba said that the Abkhazia power provider Chernomorenergo carried out a “stress test” earlier this year.

The minister said that the test showed that crypto miners in Abkhazia currently consume between 40 and 45 megawatts of electricity.

“Cryptocurrency mining still exists in the republic. But the most important thing to note is that no large mining farms are operating now. It is these large farms that cause the most serious harm.”

Dzhansukh Nanba, Abkhazia’s First Deputy Prime Minister & Minister of Energy and Transport

The history of crypto mining in Abkhazia is complicated. The government has in turn banned and welcomed miners.

In more recent years, there have been violent scenes as miners have been driven out of communities by force following months of blackouts, substation fires, and brownouts.

"Moscow is interested in normalizing relations between Georgia, Abkhazia, and South Ossetia". Maria Zakharova, the official representative of the Russian Foreign Ministry, said this, once again mentioning Georgia’s breakaway regions as separate states.
Zakharova acknowledged the… pic.twitter.com/6ss97gdmPe

— JAMnews (@JAMnewsCaucasus) October 17, 2024

Crackdown Continues

At present, Abkhazian law prohibits all forms of crypto mining, with energy shortages once again on the rise.

However, police officers and customs officials still “periodically” catch smugglers trying to bring crypto mining equipment across the Russian-Abkhazia border.

Officers also continue to hunt down private miners, many of whom use illegal grid connections.

Earlier this month, Jam News reported that the Abkhazia government announced a “season” of rolling blackouts beginning “throughout the republic” on November 1.

The media outlet spoke of a “catastrophic shortage of electricity” that will see power shut off on a daily basis.

The Abkhazian Children’s Rights Commissioner Maktina Dzhinjolia asked the government to “make an exception for kindergartens and schools.”

Russia, Abkhazia’s closest political ally, has previously responded by providing Abkhazia with surplus energy.

A Kyiv analyst says that Trump is likely to push for swift peace talks in the Russia-Ukraine war, but that comes with risks of concessions to Russia https://t.co/D7QJh6A9LD pic.twitter.com/u8PjR1CPyV

— Reuters (@Reuters) November 7, 2024

But Moscow is now experiencing crypto mining-related power problems of its own. Earlier this month, Russia’s Deputy Energy Minister Yevgeny Grabchak hinted that regional crypto mining bans were on their way. He suggested these may come in the Russian Far East, Southwest Siberia, and Southern Russia.

The post Abkhazia Says It Has Shut Down ‘All Large Crypto Mining Farms’ appeared first on Cryptonews.

Share9Tweet6ShareSharePin2

Related Posts

XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming?
All news

XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming?

18.06.2025
0

The XRP price (XRP) has gone up by 0.2% in the past 24 hours but trading volumes have nearly tripled...

Read moreDetails
Coinbase Pushes SEC for Permission to Trade Blockchain-Based Stocks: Reuters

Coinbase Pushes SEC for Permission to Trade Blockchain-Based Stocks: Reuters

18.06.2025
Ethereum Whales Snap Up 871K ETH; BlackRock and Fidelity Bets Indicate Imminent $3K Breakout

Ethereum Whales Snap Up 871K ETH; BlackRock and Fidelity Bets Indicate Imminent $3K Breakout

17.06.2025
Coinbase Launches Financial Platform With Crypto Support for Businesses

Coinbase Launches Financial Platform With Crypto Support for Businesses

17.06.2025
Chainlink Price Prediction: With $20T in Secured Value, LINK Is Quietly Becoming a Blue-Chip Crypto

Chainlink Price Prediction: With $20T in Secured Value, LINK Is Quietly Becoming a Blue-Chip Crypto

17.06.2025
Load More
Next Post
Germany’s Bundesbank Joins Singapore’s Project Guardian for Financial Market Tokenization

Germany’s Bundesbank Joins Singapore’s Project Guardian for Financial Market Tokenization

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase

Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase

1 year ago
Bitcoin flash crashes to $90,200 causing over $885 million in liquidations

Bitcoin flash crashes to $90,200 causing over $885 million in liquidations

6 months ago
Coinbase Companions with Aston Martin F1, Pays Solely in $USDC

Coinbase Companions with Aston Martin F1, Pays Solely in $USDC

4 months ago
Long and short positions, explained

Long and short positions, explained

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ethereum Whales Snap Up 871K ETH; BlackRock and Fidelity Bets Indicate Imminent $3K Breakout

Coinbase Launches Financial Platform With Crypto Support for Businesses

Chainlink Price Prediction: With $20T in Secured Value, LINK Is Quietly Becoming a Blue-Chip Crypto

Tokenized Real-World Assets Market Nearly Doubled in Q1 2025

Toobit Enhances Spot Trading Experience with New Price Precision Adjustment Feature

Bitcoin: Genius Group Strategically Boosts Holdings to 100 BTC

Trending

XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming?
All news

XRP Price Prediction: Canada Approves First Spot XRP ETF – $1,000 XRP Coming?

18.06.2025
0

The XRP price (XRP) has gone up by 0.2% in the past 24 hours but trading volumes...

Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate

Bitcoin’s slide below $104k liquidates over $500M as war tensions escalate

18.06.2025
Coinbase Pushes SEC for Permission to Trade Blockchain-Based Stocks: Reuters

Coinbase Pushes SEC for Permission to Trade Blockchain-Based Stocks: Reuters

18.06.2025
Ethereum Whales Snap Up 871K ETH; BlackRock and Fidelity Bets Indicate Imminent $3K Breakout

Ethereum Whales Snap Up 871K ETH; BlackRock and Fidelity Bets Indicate Imminent $3K Breakout

17.06.2025
Coinbase Launches Financial Platform With Crypto Support for Businesses

Coinbase Launches Financial Platform With Crypto Support for Businesses

17.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz