Bitcoin miners blamed for Abkhazia energy crisis
By Reuters
Tbilisi - As bitcoin surged to record highs last month, Inal s heart sank.
The unemployed 30-year-old had spent his savings setting up a system to generate the cryptocurrency last summer, but rolling blackouts and a police crackdown in his native Abkhazia forced him to pull the plug early, missing out on a potential fortune. I am looking at bitcoin prices now and I want to cry, said Inal, who asked not to use his real name to protect his identity, in a phone interview.
Inal is one of an estimated hundreds of Abkhaz who joined a cryptocurrency craze that swept the Black Sea territory last year, sparking an energy crisis that local authorities are struggling to grapple with.
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