Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners

Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation. On Wednesday, Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, described a new price model for mining operations and prices per kilowatt-hour (kWh) will fluctuate during certain […]

Final Russian Nuclear Researcher Receives Prison Sentence for Illegal Crypto Mining

A nuclear lab researcher in Russia will reportedly be serving three years in a prison colony for allegedly using government equipment to illegally mine Bitcoin (BTC). Andrey Rybkin, a nuclear scientist working at the All-Russian Scientific Research Institute of Experimental Physics in Sarov, was the last of three other employees to receive a prison sentence […]