In Kazakhstan, the government wants more stringent surveillance of cryptocurrency miners to prevent illegal work.
According to the Astana Times, President Kasım Cömert Tokayev during a meeting with Energy Minister Magzum Mirzagaliyev at the end of last month operating illegally demanded the detection of cryptocurrency miners.
There are fifty cryptocurrency miners working legally in Kazakhstan. Deputy Minister of Energy Murat Jurebekov told these miners any restrictions announced that it would not.
Deputy Minister, energy consumption in the country in the last 10 months an abnormal increase of about 8% indicated that. The government will take some measures to prevent illegal miners, which it blames for this increase.
Energy Minister Mirzagaliyev made a proposal last month to impose a consumption limit of 1 MW for each mining facility and 100 MW for the entire sector in order to control energy consumption, and this proposal had a negative repercussions among industry stakeholders.
According to the reports, President Tokayev stated that the legislative work on the mining sector accelerating gave instructions for.
Kazakhstan legalized cryptocurrency mining last year. miners from the beginning of 2022 They will be subject to a tariff where they will pay an extra 1 tenge (0.023 lira) per kWh compared to normal.
According to the research of the Kazakhstan Blockchain and Data Center Industry National Association, cryptocurrency miners contribute to the country’s economy annually within five years. 1.5 billion dollars can contribute.
Kazakhstan, which has increased its share in the global market after the bans imposed on Bitcoin (BTC) mining by China, is home to 18.1% of the monthly average hash rate, according to the Cambridge Alternative Finance Center data.