Mining

Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns


Kazakhstan’s vitality authority has recognized and disconnected 13 unauthorized crypto mining farms within the nation, as the federal government continues to ramp up efforts to control the sector.

Quick information

  • The Ministry of Power stated on Monday that an inspection staff has shut down 13 mining services with a complete energy consumption of 202 megawatts.
  • Authorities vowed to seek out extra unlawful miners.
  • Kazakhstan grew to become the world’s second-largest Bitcoin producer final yr after miners moved there en masse following China’s mining crackdowns, however an unstable energy provide has made for an more and more fraught mining atmosphere within the Central Asian nation, triggering a brand new migration wave.
  • Kazakhstan President Kassym-Jomart Tokayev legitimized Bitcoin mining final June by approving a tax band for crypto mining, however began to name for elevating mining taxes this month.
  • The federal government is predicted to develop a full-fledged package deal of measures to control mining by April 1, native media reported.

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