Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Bitcoin Mining Banned in Kuwait as Power Grid Reaches Breaking Point

CryptoExpert by CryptoExpert
May 3, 2025
in Altcoin News
0
Kuwait
  • Facebook
  • Twitter
  • Pinterest


You might also like

Russia’s Largest Exchange Lists XRP Perpetuals, but There Is a Caveat

Starknets Cairo Toolchain Releases V2195 Update

BNB Crosses $800 While DOGE and XRP Log Double-Digit Gains

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The government of Kuwait has initiated a crackdown on cryptocurrency miners throughout the nation, accusing them of aggravating power shortages with summer just around the corner, according to a Reuters report. The interior ministry last week declared a “wide-ranging” security campaign targeting houses that have been converted into mining centers.

Power Grid Under Severe Strain

The crypto mining operations “represent an illegal exploitation of electric power” and can trigger blackouts impacting residential homes, commercial establishments, and critical services, Kuwaiti authorities said. The operations “present a direct threat to public safety,” the interior ministry added in its announcement.

The power shortage in the Gulf country is a result of multiple causes: a population increase, urbanization, increased temperatures, and postponed upkeep at current power plants. Authorities have focused on the southern sector of Al-Wafrah, where around 100 houses were said to be utilized for mining operations.

okex

Video: Kuwait Busts Crypto Miners’ Den Operating in Residential Area#Kuwait #CryptoMinning #CryptoCurrency https://t.co/uJi7sH6TAL

— ARAB TIMES – KUWAIT (@arabtimeskuwait) April 25, 2025

Mining Operations Exploit Cheap Electricity

Some of Al-Wafrah’s mining facilities use as much as 20 times the average electricity levels that ordinary homes require, according to earlier reports made by the ministry of electricity. The nation’s highly subsidized cheap electricity has brought miners who hope to make big profits.

A rendering of a crypto mining operation. Image: Gemini Imagen.

Legal Gray Area Fuels Problem

Though Kuwait has prohibited cryptocurrency trading, the nation lacks legislation governing mining operations. This loophole has enabled miners to work in a legal limbo even as the central bank cautioned against investing in cryptocurrencies.

The case illustrates how crypto mining looks for areas with low electricity costs. The same trends have been observed globally, leading nations from Kosovo to Russia to limit mining to avoid power shortages.

Early Results Indicate Strong Impact

The ministry of electricity announced a 55% decline in energy consumption in Al-Wafrah after last week’s crackdown operation. This steep decline indicates the crackdown has been successful in its initial phases.

BTC is now trading at $96,955. Chart: TradingView

Kuwait’s cryptocurrency policy is starkly at odds with that of some of its neighbors. As Kuwait suppresses mining, Dubai opened this week to a key crypto conference, with Eric Trump, the son of US President Donald Trump, in attendance.

University of Cambridge research estimated that Kuwait was responsible for only 0.05% of global bitcoin mining in 2022. Yet even this small proportion can have a major effect on Kuwait’s relatively small electrical grid, experts say.

“It would only take a very tiny proportion of the overall bitcoin mining network to have a large influence on the comparatively small overall electrical usage of Kuwait,” said Alex de Vries-Gao, co-founder of Digiconomist, a tracker of crypto energy usage.

As Kuwaiti summers heat up in the next few months, officials continue to ask citizens to cut back on electricity consumption, expecting the clampdown on miners to avoid frequent power outages during the hot summer months ahead.

Featured image from Unsplash, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Russia’s Largest Exchange Lists XRP Perpetuals, but There Is a Caveat

by CryptoExpert
September 22, 2026
0
Russia's Largest Exchange Lists XRP Perpetuals, but There Is a Caveat

Key TakeawaysMoex listed XRPUSDF and four sister contracts on Sept. 22, quoted in dollars and cash-settled in rubles.Over 72,000 qualified investors have traded Moex crypto futures, with turnover...

Read more

Starknets Cairo Toolchain Releases V2195 Update

by CryptoExpert
September 22, 2026
0
Starknets Cairo Toolchain Releases V2195 Update

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Cairo v2.19.5 has been released by Starkware. The update contains compiler and code-generation fixes....

Read more

BNB Crosses $800 While DOGE and XRP Log Double-Digit Gains

by CryptoExpert
September 22, 2026
0
BNB Crosses $800 While DOGE and XRP Log Double-Digit Gains

Key TakeawaysBitcoin’s price reached $87,000 for the first time since Jan. 30, driving a broader market rally for altcoins.Ether rose 6% to $2,770, while BNB, XRP, and DOGE...

Read more

Celestia Ships V0342 Corto Update For Corto Testnet Nodes

by CryptoExpert
September 21, 2026
0
Celestia Ships V0342 Corto Update For Corto Testnet Nodes

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Celestia has released v0.34.2-corto for celestia-node. The release is specifically for the Corto testnet....

Read more

Kamino Names Yieldstreet Co Founder Michael Weisz Ceo For Us Expansion

by CryptoExpert
September 21, 2026
0
Kamino Names Yieldstreet Co Founder Michael Weisz Ceo For Us Expansion

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure TL;DR Kamino Finance has appointed Michael Weisz as CEO. Weisz co-founded alternative-investment platform Yieldstreet. His...

Read more
Next Post
Three Key Scenarios for Bitcoin Price in 2025 – Could BTC Hit $175,000?

Could BTC Reach $175,000 in 2025?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 86,372.00
ethereum
Ethereum (ETH) $ 2,753.28
tether
Tether (USDT) $ 0.999957
bnb
BNB (BNB) $ 787.64
xrp
XRP (XRP) $ 1.58
usd-coin
USDC (USDC) $ 0.99993
solana
Solana (SOL) $ 118.27
tron
TRON (TRX) $ 0.341525
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
zcash
Zcash (ZEC) $ 1,524.58

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?