Bitmain-backed BitFuFu Withdraws From Kazakhstan Due to Falling Power Rates

BitFuFu told Coindesk today (December 2, 2021) that he abandoned the rigs in Kazakhstan based on power cuts that have been going on for weeks, and that he bought new rigs from Bitmain and installed them in America.

Kazakhstan is experiencing serious electricity problems due to both pre-existing infrastructure problems and the large number of miners entering the country after the ban on mining in China. The national grid operator of Kazakhstan has started to distribute electricity to crypto mines on a limited basis since September.

In November, the Minister of Energy assured that there would be no restrictions for legal miners. However, despite this statement, the restrictions continued. in the past month xive The miner, named Miner, ended his mining with 2500 rigs due to the decrease in energy levels.

BitFuFu company normally offers users the opportunity to earn by investing without the hassle of operating the facilities, but facilities in Kazakhstan inactive Currently, users cannot get a return on their investments.

A user has been using the machines for more than a month. inactive While he said that he was in a bad situation, that he would leave the platform if they refunded his money, another user said that the cuts started in mid-October, he was worried about this situation, but he did not have any anger against the platform.

He said that he is considering selling BitFuFu machines in Kazakhstan, but has not made a final decision yet.

source site-9