of china Bitcoin (BTC) and BTC mining One of the countries that became popular after the ban was Kazakhstan. Although favorable conditions and low electricity prices in Kazakhstan attract miners, it doesn’t seem like it will last long.
Blow to Bitcoin Mining in Kazakhstan
Kazakh authorities have started to develop new policies towards Bitcoin miners. Kazinform According to the information provided by a local news source named, the authorities are especially trying to increase the electricity supplied to crypto money miners. With the aforementioned hike and tax increase, the watt price of electricity From $0.0023 to $0.012 is scheduled to be released.
Deputy Minister of Finance of Kazakhstan Marat Sultangaziev, In his statement on the subject, he stated that crypto money miners should also pay taxes for their equipment.
Sultangaziev demanded a per-equipment tax regardless of whether miners earned block rewards with their equipment. Stating that this is similar to the machine tax in casinos, Sultangaziev stated that whether the device is open or not, a tax may be charged due to their possession.
In fact, Kazakhstan did not take a very friendly step towards cryptocurrency miners last month either. During the days when electricity shortages were experienced, a planned power outage was applied to miners in January in Kazakhstan.
Bitcoin miners were without electricity throughout January, although protests began to escalate. Now, with the exorbitant tax and incredible hike, it is seen that the electricity is given again. Bitcoin mining, on the other hand, experienced an overall hashrate drop due to disruptions in January.