News Kyrgyzstan Reportedly Shuts Down 500 Illegal Cryptomining Farms

[Admin]

Kyrgyzstan officials have reportedly shut down 500 cryptocurrency mining farms to protect their power grid.

Kyrgyzstan Reportedly Shuts Down 500 Illegal Cryptomining Farms : Read more

 

[zodiacfml]

i still don't know why crypto devs haven't increased mining difficulty to reduce mining activity/profitability. sure, it makes for a more secure but already huge network but the problems such as this and GPU shortage. reduced mining also reduces inflation of the coin.

 

[USAFRet]

i still don't know why crypto devs haven't increased mining difficulty to reduce mining activity/profitability. sure, it makes for a more secure but already huge network but the problems such as this and GPU shortage. reduced mining also reduces inflation of the coin.

They will do whatever benefits them the most. Increase, decrease, leave it the same...
The GPU shortage is, to them, irrelevant.

 

[Phaaze88]

Pay the power bill like everyone else?
That probably wouldn't be enough in some regions where the power grids aren't very robust, and where other inhabitants need A/C and heating during those hot summers and cold winters.
Maybe they could duct some of that heat to homes...

Move elsewhere?
Some of the good spots are likely already taken by other farms, and others are on alert for abnormal power use...

I guess the world isn't ready for worldwide mining farms yet...