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Bitcoin Miners Fleeing China Could Overload Siberia's Power Grid

  • Oct 13, 2021 7:52 am GMT
  • 52 views
Source: 
Financial Post

Advertisement A Siberian region known for its cheap electricity warned that a flood of Bitcoin miners from nearby China could overload its power grid after Beijing cracked down on cryptocurrency production. Retail energy consumption in the Irkutsk region this year is up 159% from 2020 levels due to an “avalanche” of underground crypto-mining, Governor Igor Kobzev said in a letter to Russian ...

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