Crypto Miners In Kuwait Just Got Busted—You Won’t Believe Why!

Summer’s coming to Kuwait—otherwise known as “Broil Mode” on your weather app—and the government is doing its best impression of a panicked Apple Store employee trying to find the last charger before everything goes dark.

The Ministry of Interior recently flexed its security muscles by launching an operation to catch folks running “Stranger Things Season 4-worthy” crypto mining setups out of their homes. You’d think people were hoarding uranium, but nope—it’s just Bitcoin. Is mining digital gold a “direct threat to public safety”? That’s what officials are saying. Because nothing says ‘national emergency’ like your neighbor trying to stack sats while your AC wheezes its last breaths. 🥵

Kuwait has already banned crypto trading (so forget your Dogecoin dreams), but mining? Eh, there aren’t actual laws against it (yet). The catch: folks are juicing up those rigs with Kuwait’s famously cheap, government-subsidized electricity. Picture this: power plants running on fumes, waiting for that maintenance call that’s definitely “in the system,” and just when they’re about to relax—bam! Your cousin’s mining farm just tripled the neighborhood’s wattage. 🔌⚡️

The party hotspot for all this? Al-Wafrah in the south, where authorities found about 100 homes looking less like family residences and more like Silicon Valley startups—each one slurping up to 20 times more electricity than the average Netflix-binging household. After the raids, energy usage dropped by 55%. Insert dramatic slow clap here. 👏

Sure, Kuwait only made up 0.05% of the world’s Bitcoin mining in 2022 (basically, it’s less than the percentage of cilantro in a bad pico de gallo), but when your country’s power grid is as robust as a hamster on a wheel, that tiny slice is enough to cause chaos. Experts like Digiconomist’s Alex de Vries-Gao are wagging their fingers, warning that even a modest mining operation could send the grid into a full-on identity crisis.

Kuwait now joins the cool club of countries—cue Russia and Kosovo—that are slamming the brakes on crypto miners to keep the lights on. Who knew the true villain in the power crisis wasn’t Big Oil, but your dorky cousin mining Bitcoin in his pajamas? 🛋️💻

Read More

2025-05-05 00:29