Yongsan Electronics Market , a shopping mall in South Korea , has banned bitcoin mining after it found some stores were using its electricity to mine the cryptocurrency . Last month, Cointelegraph previously reported that the South Korean government has officially legalized and approved Bitcoin as a remittance method, similar to the Philippines. Once it used $ 300,000 worth of ASIC miners and GPUs around the clock to mine dollars and other cryptocurrencies , the electronics market said . The rapid increase in electricity consumption caused air conditioning units to stop working properly , it added .
Yongsan Electronics Market , a shopping mall in South Korea , has banned bitcoin mining after it found some stores were using its electricity to mine the cryptocurrency . Once it used $ 300,000 worth of ASIC miners and GPUs around the clock to mine dollars and other cryptocurrencies , the electronics market said . The rapid increase in electricity consumption caused air conditioning units to stop working properly , it added .