Crypto miners use 50 MWh of power intended for other consumers in Kazakhstan

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Financial and law enforcement authorities in Kazakhstan have unraveled a scheme to mine cryptocurrencies using illegally sourced electrical power. Losses caused by the perpetrators amount to more than $16 million, officials said, noting the energy sold to mining farms in the eastern part of the country could have satisfied the needs of a small city. Crypto miners in Kazakhstan burn 50 MWh of household electricity The regional departments of Kazakhstan’s Financial Monitoring Agency (AFM) and Nati...