ChainCatcher news, according to Bitcoin News, Ethiopia is using the excess hydropower from its Renaissance Dam to power Bitcoin mining, successfully earning $1 billion in revenue last year, accounting for 18% of its electricity revenue.This move has attracted global investors who benefit from the country's low energy costs.

ChainCatcher news, according to a report by The Paper, multiple regions in Sichuan are continuously carrying out inspections and rectifications of virtual currency "mining" activities to prevent a resurgence of "mining." The official website of the Liangshan Prefecture Financial Work Bureau recently stated that in early August, it had conducted supervision and inspection of the "mining" rectification work at hydropower stations, rechecking confirmed shut-down virtual currency "mining" projects and urging the towns under the jurisdiction of the hydropower stations to implement the responsibility system for the rectification of virtual currency "mining" activities.The Development and Reform Bureau of Shimian County stated that since 2021, it has cleaned up and rectified 48 projects, identifying a total of 42 enterprises and individuals involved in virtual currency "mining" in the county, with over 126,000 mining machines discovered. Currently, all 191 small hydropower stations in the county have completed the clearance of virtual currency "mining" equipment.

According to Chain Catcher news and reported by Bitcoin.com, the Central Bank of Russia and the Ministry of Finance have recently reached an agreement on legislation aimed at regulating cryptocurrency mining, which is expected to be passed by the end of this year. Russian officials involved in the legislation stated that cryptocurrency mining should be allowed in areas with surplus energy, but prohibited in areas with energy shortages.Additionally, according to Roman Nekrasov, co-founder of the ENCRY Foundation, many cryptocurrency mining farms have already gathered in regions with hydropower plants and nuclear power plants in Russia. These areas include the Irkutsk region with hydropower plants and the Krasnoyarsk Krai, as well as the Tver, Saratov, Smolensk, and Leningrad regions that have nuclear power stations.Furthermore, Roman Nekrasov also expects Russia to strengthen its crackdown on illegal mining in Dagestan. (Source link)