Russian gas supplies are keeping down electricity prices in breakaway Transnistria, making the rebel Moldovan region an attractive location for cryptomining.
On the outskirts of Tiraspol, capital of the breakaway Moldovan region of Transnistria, sits a graveyard, and nearby an abandoned Soviet-eraBehind its rusting gates, there’s the hum of computers and transformers, packed into seven, 10-metre-long containers.
“This is the place,” said Andrei Betanov, director of the Investment Agency in Transnistria and one of the leaders of a drive to turn Transnistria, one of the poorest areas of Europe, into a mining hub for cryptocurrency.
“Here, the high voltage energy is transformed in low voltage energy with the help of these energy converters. That’s how these computers are working,” he said.
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