Miners mining “cryptocurrency” using the Proof-of-Work algorithm consume significant amounts of electricity, which costs serious sums, and therefore seek to obtain cheap electricity. Subsidized tariffs for agricultural businesses and farms can provide this opportunity.
This leads to excessive electricity consumption and excessive load on the network, especially given the current popularity of mining, against the background of the increase in the price of Bitcoin and the growth of other coins.
The regulator said the current penalty for mining on agricultural land is 10,000 dirhams, or about $2,723.
Source: Ferra
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