Mining

18/12/18 07:00 UTC-4

Abkhazia will control the energy consumption for mining

The state-owned energy company in Abkhazia is calling for regulation of the miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
activity of cryptocurrencies in orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details
to avoid power shortages this winter, as reported by the CCN news agency.

According to the Eurasianet service, cryptocurrency farms in Abkhazia, which are mainly located in abandoned Soviet factories, consume a significant amount of electricity. As a result, concerns have arisen that a shaky electrical network in a poor country located on the east coast of the Black Sea may not cope with peak energy consumption during the heating season.

"According to cryptocurrency analysis, an additional load is created on our network, transmission lines and substations that operate at full capacity. In the event of a temperature drop, there is a risk that electricity will not reach regular customers." – Aslan Basaria, the head of Chernomorenergo.

 

State control mining cryptocurrency

In this regard, "Chernomorenergo" currently requires the introduction of rules regarding the mining of cryptocurrencies in order to prevent interruptions in the supply of electricity during the peak consumption season. As is known, at present, most of the electricity consumed in the republic comes from the hydropower complex, which Abkhazia shares with Georgia. However, due to a drop in the water level at this time of the year and an increase in electricity consumption during the winter period, the extraction of cryptocurrencies complicated the situation.

Now, it is not clear what measures the Government of the Republic will take to control the cost of electricity. But the fact that Abkhazia will begin to control energy consumption at mining can adversely affect the development of the cryptocurrency sphere in the country. More details about the control measures will be available after the next meeting of the Abkhaz authorities.

Editor: Pereyidenko Ihor

See also: "Kaspersky Lab about Hidden Mining Programs"

#Abkhazia #mining #cryptocurrency

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