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Kuwait Slams the Brakes on Rogue Crypto Miners—National Grid at Stake
Kuwait Slams the Brakes on Rogue Crypto Miners—National Grid at Stake
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Kuwait’s energy authorities just declared war on illegal crypto mining operations sucking power from the national grid. No more free rides for basement Bitcoiners.
Why it matters: When electricity theft masquerades as ’innovation,’ someone’s gotta pull the plug—literally. Kuwait’s move exposes the dirty secret of proof-of-work chains: someone always pays the power bill (hint: usually taxpayers).
The crackdown comes as energy-guzzling mining rigs—likely ghost operations avoiding import taxes—reportedly caused localized blackouts. Because nothing says ’financial revolution’ like destabilizing infrastructure for imaginary internet money.
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