{"id":17545,"date":"2023-02-12T07:57:46","date_gmt":"2023-02-12T07:57:46","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/daily-raids-on-crypto-farms-as-abkhazia-intensifies-mining-crackdown-mining-bitcoin-news\/"},"modified":"2023-02-12T07:57:46","modified_gmt":"2023-02-12T07:57:46","slug":"daily-raids-on-crypto-farms-as-abkhazia-intensifies-mining-crackdown-mining-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/daily-raids-on-crypto-farms-as-abkhazia-intensifies-mining-crackdown-mining-bitcoin-news\/","title":{"rendered":"Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown \u2013 Mining Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it\u2019s also taking measures to prevent imports of mining equipment.<\/strong><\/p>\n

Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations<\/h2>\n

Police in Abkhazia are conducting daily raids to identify mining facilities that have been illegally connected to the power grid and inspect previously shut down crypto farms, the Ministry of Internal Affairs of the partially recognized republic in northwestern Georgia<\/a> revealed in a press release<\/a>.<\/p>\n

The department also said it\u2019s closely monitoring the activities of individuals and entities providing services for the supply and maintenance of devices designed to mint digital coins in order to prevent the importation of mining hardware in the territory which is still banned.<\/p>\n

Furthermore, a republican headquarters to combat illegal crypto mining has been established on the order of President Aslan Bzhania. It includes the heads of the Ministry of Economy, the State Security Service, the Interior Ministry, the State Customs Committee, and other departments.<\/p>\n

The body is chaired by Prime Minister Alexander Ankvab who has demanded that power engineers in the region investigate all cases of illegal connections of mining farms to the distribution network, according to the government press service. Quoted by the Russian business news portal RBC, he stated:<\/p>\n

\n

The situation in the electric power industry is extremely difficult, so the fight against mining, along with other measures, should significantly reduce the load on the infrastructure.<\/p>\n<\/blockquote>\n

Ankvab insisted that all unauthorized installations and the operation of transformer substations must be eliminated with the help of law enforcement and stressed that the executives of electric utilities bear personal responsibility to change the current situation. The prime minister instructed customs officials to identify and suppress attempts to import mining equipment.<\/p>\n

Over the past several years, many people in Abkhazia turned to the mining of digital currencies as a source of additional income and the government blames the power-hungry production for the republic\u2019s growing electricity deficit.<\/p>\n

The Russia-backed de facto state temporarily prohibited crypto mining and hardware imports in 2018 in an effort to deal with the energy crisis. In 2021, the ban was extended<\/a> until the spring of 2022 and then prolonged again.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
Abkhazia<\/a>, ban<\/a>, Crackdown<\/a>, Crypto<\/a>, crypto farms<\/a>, crypto miners<\/a>, crypto mining<\/a>, Cryptocurrencies<\/a>, Cryptocurrency<\/a>, deficit<\/a>, Devices<\/a>, Electricity<\/a>, equipment<\/a>, Georgia<\/a>, Hardware<\/a>, imports<\/a>, Miners<\/a>, mining<\/a>, mining farms<\/a>, power<\/a>, shortages<\/a><\/div>\n<\/div>\n

Do you think Abkhazia will continue to crack down on cryptocurrency mining in the future? Tell us in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nLubomir Tassev <\/h6>\n

\nLubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens\u2019s quote: \u201cBeing a writer is what I am, rather than what I do.\u201d Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Kokoulina \/ Shutterstock.com<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n