Xive co-founder Didar Bekbau said it is no longer possible to mine in Southern Kazakhstan.
Noting that there is not enough electricity supply, Bekbau told CoinDesk 2500 He said he turned off his mining device.
In Kazakhstan, which is preferred by most of the miners coming out of China lately, too many mining facilities have been established all of a sudden. Miners are known to grapple with power outages, as there are not many power generation facilities in the southern part of the country.
xive, from 2,500 looking for a new location for many machines, but Bekbau: “It is clear that mining is no longer possible in Southern Kazakhstan.” said.
Last month, the Department of Energy announced the power support of new mines. to 100 megawatts published a draft regulation. The ministry later said there would be no restrictions as long as it does not endanger the national electricity grid and when mining is done using electricity legally.
Recently, the government said it wants to encourage crypto miners to develop independent renewable energy capacity. Sapar Akhmetov, chairman of the board of the Kazakhstan Blockchain Technology Association, told a news site that they hope to develop Kazakhstan’s renewable electricity capacity in the next year or two.
According to the Bitcoin Electricity Consumption Index data of Cambridge University Alternative Finance Center, as of August, Kazakhstan is the second largest crypto mining country in the world after the USA.
Bekbau posted a video of the last device unloaded from the mine on November 24. shared.