According to a news report from Coindoo, the Republic of Abkhazia is planning to cut down on power consumption for cryptocurrency mining farms. This is due to the fact that their large power demands are proving a detriment to the ordinary citizens.
No opposition was fronted by the affected miners
However, the affected players took the news positively and no retaliatory disputes were reported against the state directive. Abkhazia is a partially recognized state that was annexed of Georgia and where the cost of electricity is relatively cheaper than in other jurisdictions. The report detailed how the small state has been having issues providing enough power to all of its citizens due to the excessive power consumed off the national grid by cryptocurrency mining farms. Therefore, to free up more Megawatts, the nation announced that they will be cutting off fifteen cryptocurrency miners off the national power grid.
15 mining farms consuming enough energy to light up 1800 regular homes
Taking to Facebook, The Abkhazia state-owned power company, Chernomorenergo, announced that in order to reserve more energy supply to its average citizens it would (at least for now) be cutting off the mining farms. The power agency also revealed that these 15 mining companies consume close to 9000 Kilowatts collectively. This is a hugely significant figure, given that the same amount of energy is enough to power 1,800 normal households.
In an earlier statement, the General Director to the National power company, Aslan Basaria decried the state of cryptocurrency mining in the country. He felt that it was putting a strain on the electric grid.
He said that the Abkhaz energy system had been dealt a heavy blow by cryptocurrency mining. He gave two examples on the territory of Sukhumi Physicotechnical Institute (SFTI) in Aguder and Sinope where uncontrolled consumption of electricity is obtained.
According to Mr. Aslan, “Yes, they pay for electricity, so what? But at the same time, there is a load on our networks, the load on our backbone lines, our substations and transformers. This is a load and a blow to an ordinary person, who in winter wants to get light and warmth.”
While the decision is only temporary, it may help send the message that more efficient forms of mining are needed. CRYPTO IS COMING!