Kazakhstan Overtakes Russia in Bitcoin (BTC) Mining: 3rd Country with the Highest Hash Rate

Kazakhstan surpassed Russia in 2021 to become the 3rd country with the highest hash rate.

According to the data published on the official website of the Cambridge Center for Alternative Finance, the Central Asian country stands out with its low energy costs. Kazakhistan, February 2021 It has the world’s highest hash rate, surpassing its biggest rival, Russia. 3rd country it happened. Institution, Kazakhstan in January 2022 average hash rate 24.8 exahash per second as predicted.

Kazakhstan, especially recently crypto- money with the steps taken by the industry Central Asia in this regard. the most dashing makes a name for himself as one of his countries. President Kassym-Jomart Tokayev in the past weeks will convert cryptocurrencies to fiat currencies a mechanism He stated that he was working on legalization.

On the other hand, in July, the government received from mining companies. increase tax rates a bill prepared on behalf of had approved.

President Tokayev made a statement on the subject, stating that they are not against mining, but that companies get a license and pay their taxes had stated that it was necessary.

According to the data, the country with the highest hashrate as of January 2022 71 exahash per second second place with the USA 39.6 exahash per second with China. Chinese, banned mining activities September 2021 again in independent but it seems that he could not close the gap with the USA yet.

source site-9