China, which has a 65 percent share in Bitcoin mining, has announced that it has banned cryptocurrency mining. immigrating to Kazakhstan cryptocurrency miners, faced with electricity problem.
China, which introduced a cryptocurrency ban earlier this year and banned cryptocurrency-related transactions in September, has opened an investigation into cryptocurrency miners. Cryptocurrency miners, who continue their activities in different countries, especially the USA and Kazakhstan, are having a hard time due to the electricity problem.
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Cryptocurrency miners in Kazakhstan have electricity problems
According to the Financial Times, cryptocurrency miners in Kazakhstan began to encounter frequent power outages. Demand for electricity due to cryptocurrency mining in Kazakhstan in 2021 about 8 percent It increased.
in Kazakhstan more than 87,849 It is estimated that the device used in cryptocurrency mining is involved. The country is currently just behind the US as one of the top crypto mining hotspots, according to data from the University of Cambridge. Second is located.
In recent months, authorities announced that Kazakhstan’s most important coal-fired power stations are facing an emergency. Power stations disabled due to emergency, Kazakhstan Ministry of Energy. set it in motion. Firstly, for two years to cryptocurrency mining farms. 100 MW Kazakhstan Energy Ministry, which announced that it would set a quota, had to take a step back due to economic reasons.
In order to mine cryptocurrencies in Kazakhstan, certain conditions must be met and the miners must be registered. Authorities explained that the electricity problem was caused by unregistered cryptocurrency miners. from 2022 Kazakhstan announced that it will make payments to individuals and institutions that carry out mining activities in accordance with the law.