Abkhazia Temporarily Shuts Down 15 Mining Firms Due to Power Shortage

Crypto

With the full cooperation of farms, authorities in Abkhazia have cut off the electricity supply for 15 mining facilities temporarily. The short-term measure was required and implemented due to the power shortages raised here in cold winter months. The operators of the mining firm have reportedly fully cooperated with the decision of local electrical utility. The state-owned company Chernomorenergo, which is responsible for the electricity distribution in the Republic, stated that it disconnected all the mining firms it managed to locate through its Facebook Page. The shutdown mining facilities had a total power capacity of 8,950 kWt, which can equally power a total number of 1,800 households of the administrative region around Abkhazia’s capital, Sukhumi.

This move follows a decision by the government of the partially recognized entity in northwestern Georgia to short-termly halt cryptocurrency mining with locally produced electricity. The authorities explained the measure as a necessary step to ensure required electricity supply for homes, important production facilities and social institutions.

Due to the low winter temperature and rising electricity consumption, the country’s electric power system has now been over stressed, so the decision is required necessary to avoid unpleasant situations in near future. The government issued the decree to limit the power consumption for Bitcoin mining has said to be complying by all miners. However, the excess electrical energy produced by the hydro-power complex located on the shared boarder of de facto and Georgia is said to be properly utilized with help of such bitcoin farms. According to an analysis, the total electricity power consumption of Georgia has reached 1,116 million kWh in March 2018, from which around 19%, 207 million kWh was only consumed by Abkhazia.