5小時前
Libya’s ultra-cheap electricity fuels covert Bitcoin mining and state crackdown
Libya’s heavily subsidized power, reportedly costing about $0.004 per kilowatt-hour, helped turn the country into a covert Bitcoin mining hub that once generated around 0.6% of global hash rate. As mining activity expanded in a legal grey zone and was estimated to consume roughly 2% of national electricity output, authorities responded with raids, hardware seizures and prison sentences while debating whether to regulate, tax or eliminate the sector.