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Electricity in this area is currently free: > The problem reportedly persists in the Svaneti region where electricity is free due to harsh living conditions. F
by creato 7y ago
Electricity in this area is currently free:
> The problem reportedly persists in the Svaneti region where electricity is free due to harsh living conditions. Free electricity has drawn quite a lot of enterprises and the area has developed into a Bitcoin mining economy that is also “patronised by high-ranking officials” according to locals quoted by Kommersant daily. The locals face frequent power outages.
"What can be done" is: sell electricity at market rate, and rebate the proceeds to the residents in the area. The economic situation will be effectively the same, but bitcoin miners won't be able to freeload electricity.