Electricity

China, a workshop for more than 65% of the world's bitcoin, has taken a tough stance against crypto mining and related transactions, including a total crackdown on bitcoin mining.

The condition of cryptocurrency miners in Iran is continuing to worsen as the government imposes a ban on the mining activity citing high energy consumption of the operation that have been causing power outages in the country. The poor Iranians who have been depending on crypto-mining will suffer more due to the government decision to prohibit mining during hot summer months.

The Inner Mongolia government has launched a platform that will be used by the general public to report any activity or operation related to cryptocurrency mining within the Mongolic autonomous region of the People's Republic of China.

The cryptocurrency market has blossomed in the past few months as Bitcoin hit an all-time high of $61,000, which has in turn increased the demand to mine these digital assets. However, crypto mining remains way out of reach to most investors due to the cost of mining equipment and electricity costs.

Following the recent blackouts in major cities, Iran has started hunting for illegal businesses that are using the government's electricity to mine bitcoin (BTC) and other cryptocurrencies. What does this mean for the Blockchain and cryptocurrency industry?

A huge amount of profits are being generated for countries through this cryptocurrency mining. For this reason, governments are channelling their surplus resources to boost the mining business and the entire cryptoasset sector.

It is more than 10 years since the first cryptocurrency appeared on earth. The emergence of crypto attracted varied reactions from the different countries of the world. Africa, the second-largest continent is especially lagging in crypto trading and mining. What challenges and opportunities lie on the way of crypto mining growth in Africa?

The efforts being put to effectively regulate the blockchain and cryptocurrency industry could see the Balkans leap big. The region only needs an effective regulatory framework on the disruptive technology if it is to boom.

If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.