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.
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What is happening now in the cryptocurrency market can be considered a kind of war where corporations are fighting for their place at the top.
the resources are not renewable. i hope in other countries they will find how to earn usdt
xrdoge is something to look at, I am proud to be a holder
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Dump Btc
And I heard that they go nuclear because of the deficite, which basically will solve their problem
Withdraw your money from the fake cryptocurrency thieves who are happy with the nonsense, deception and theft that happen to you and your money. Bitcoin is just a thief of all fake cryptocurrency
Support each other Long live Bitcoin
Sell everything.
War and bloodshed between buyers and sellers. If they succeed, greet 60,000 bitcoins
Derrick_Jones39 I know we all probably might have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to Derrick_Jones39 on Twitter he guides me through and i made a return of $10500 after a week of trading, connect with him
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Yes is it.
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Let's see how low the whales wanna send Bitcoin Irregardless our faith to alts is persistent for life cz_binance
i suppose it's not the only reason to leave
That’s why we care about clean energy! And this what all ECHOTECHCOIN is about! Support green energy
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Wish not to know it
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we should think the opposite is thanks to the virtual currency market. usd is pumped in and the value of usd will go up and then btc will crash
Hope they don't spend much usdt on electricity
El Salvador is printing fake dollars. Bitcoin will crash
What if 0.01% of people holding 27% of btc come to the US to live? Americans who use btc will be poor. so they will ban btc soon
The Turks and the El Salvadorans were both deceived by the US. america will ban btc payments
Turkish people or El Salvador go to America to spend money happily. people use btc to buy goods cheaper than dollars. At that time, American users were poor. so Americans will definitely ban payment in btc and americans will sell btc for usd. Americans will sell btc for usd.
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