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Author Topic: South Korean Energy Company to Audit Companies Suspected of Mining Cryptos  (Read 625 times)

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KEPCO, the South Korean state energy company, announced that it would start overseeing and auditing companies that it suspects of using industrial and agricultural electricity for cryptocurrency mining. According to Seoul Kyungjae, the power supply distributed for both industries are cheaper than the electricity used for general use.Authorities are concerned about the increasing use of crypto mining powered by cheap electricity because it leads to a significant deficit in the incomes of KEPCO, as the mining farms run 24 hours a day. “We have started a field investigation targeting customers who use electricity a lot among agricultural and industrial customers, and the related investigation will be conducted by the end of this month,” a KEPCO official said on the matter.source
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