Faced with electricity shortages, cryptocurrency miners have started leaving Kazakhstan.
introducing higher electricity tariffs for miners. Representatives of the industry have complained about what they view as unfair treatment. “They made mining a scapegoat,” Didar Bekbauov, founder of the local mining hosting company Xive, stated on social media earlier in December.
The executive published his comment on Twitter after Xive was forced to shut down its main facility in Southern Kazakhstan when its power supply was suddenly cut last month, Nikkei Asia noted in a report. The company is still running another mining farm in the country but at the same time is exploring options to transfer some operations to the U.S.
In November, the Data Center Industry and Blockchain Association of Kazakhstan reached an agreement with the country’s grid operator,, to ensure uninterrupted power supplies to registered miners. When the state-run utility failed to fulfill its part of the deal, mining companies began shutting down their facilities in the country. Another large crypto farm operator, Bitmain-backed Bitfufu, has closed down its crypto farms in Kazakhstan and is also moving to the United States.
While restrictions imposed by the power distribution company have affected regulated crypto mining businesses, small-scale crypto farms in the shadow economy have continued to mint digital currencies in basements and garages. The “gray miners” are burning serious amounts of electrical energy and posing another challenge for the government in Nur-Sultan. “Unfortunately it’s very hard to get rid of them,” Alan Dorjiyev, president of the crypto industry association, told Nikkei.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Opinion | Why We Must Challenge Zuckerberg's Ring of PowerLearning to appreciate that control is an illusion is hard, especially when we are prepared to sacrifice almost everything, to pay any price, to control others. But if we are to stop others—Mark Zuckerberg, for example—from controlling us, it is a lesson we must learn.
Weiterlesen »
Dan Bongino and the Big Business of Returning Trump to PowerSome of Donald Trump’s most influential champions dominate a media terrain that attracts little attention from their opponents. eosnos profiles the commentator Dan Bongino, who draws an estimated 8.5 million radio listeners a week.
Weiterlesen »
Wind & Solar=86% Of New US Power Capacity In January–OctoberWind and solar power have dominated new power capacity additions in 2021. They've also been at the forefront of power capacity growth in the United States in the past three years. New Power Capacity in
Weiterlesen »
Fears of political violence rise as Somalia's president and prime minister jockey for powerSomali President Mohamed Abdullahi Mohamed Farmajo has suspended the powers of the prime minister amid an ongoing tussle for power.
Weiterlesen »
Hybrid F1 power: how does it work?CAR explains how a hybrid Formula 1 engine works with diagrams and details
Weiterlesen »