🔴 Kuwait BUSTS Illegal Home Crypto Mines Amid Power Crisis!
📅 June 19, 2025
Kuwait’s Interior Ministry just launched a sweeping operation against home-based crypto mining rigs in Al‑Wafrah, blaming them for skyrocketing electricity consumption and nationwide power shortages! 🚨 Some households were using up to 20× more power than normal—straining the grid and prompting immediate intervention.
📊 Market Analysis & Predictions:
- Energy panic: Subsidized electricity + rising residential mining = disaster for national utilities.
- Global trend: Following Russia, India & Malaysia, Middle Eastern countries are now enforcing mining restrictions to prevent blackouts.
- Hashrate & price effect: Removal of these rigs offsets global mining capacity—introducing potential hashrate dips and price volatility.
📌 Why It Matters:
- Policy ripple: Kuwait’s action may push neighboring Gulf nations to follow suit.
- Hashrate operation: Changing mining landscapes can influence $BTC mining difficulty and block times.
- Strategic trading: Keep an eye on $BTC hashrate trends—unexpected drops may trigger opportunities for rallies.
🔔 CTA:
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💬 Join the convo:
Will other Gulf states join the crackdown?
How would you trade $BTC if hashrate declines?
Have you witnessed similar residential mining operations near you?
Share your thoughts below 👇
