Kazakhstan likely to lose Bitcoin hash rate leadership in next index update
Several Chinese crypto mining giants like BIT Mining have already scraped some of their expansion plans in Kazakhstan.
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Kazakhstan President Orders Government to Find All Miners and Raise Tax by April
President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal…
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed…
Kazakhstan proposes power price hikes and taxes targeting crypto miners
The central Asian country’s government has proposed three price increases to electricity and taxes specifically targeting crypto miners.
Kazakhstan Extends Power Cuts for Cryptocurrency Miners
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as…
Kazakhstan Shuts Down Crypto Mining Farms Till February
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the…
Russian finance ministry official calls for crypto regulation, not restriction
Russian Finance Ministry official Ivan Chebeskov has opposed the proposed ban of cryptocurrency operations in Russia.
Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block’s mining system
Bitcoin’s hash rate hits new all-time highs as Jack Dorsey tweets that Block is “officially building an open Bitcoin mining system.”
Spanish Deputy Suggests Spain Might Attract Kazakhstan Miners
Maria Muñoz, a Spanish deputy from the country’s Congress, wants to position its country as a reliable alternative to miners that are facing a dire situation in Kazakhstan, after their…