Kuwait is facing an energy crisis blamed on cryptocurrency miners operating with illegal rigs, leading to a crackdown on these operations.
Authorities in Kuwait are grappling with the challenge of mining operations exploiting government electricity subsidies due to the absence of clear crypto-mining laws.
A UK-based company, BCC Mining, offers a cloud-based app allowing users to mine cryptocurrencies without traditional hardware, minimizing negative impacts on energy usage.
While Kuwait authorities are cautious due to potential risks and fraud in the cloud mining sector, embracing innovative solutions like BCC Mining could provide a sustainable alternative for the country.