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Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners

Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners – CoinDesk

Uzbekistan’s Ministry of Energy has introduced a new bill that threatens to stifle the cryptocurrency mining industry in the Central Asian nation. Published on Friday, the draft bill would usher in a sharp hike in the power rates charged to miners – crypto industry participants who use powerful computers to record and secure transactions on blockchains.