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Kazakhstan Expects $1.5 Billion From Crypto Mining in 5 Years, Estimates Suggest

Post author:MiamiCrypto
Post published:October 29, 2021
Post category:association budget revenues Crypto crypto exchanges crypto farms crypto miners Cryptocurrencies Cryptocurrency Cryptocurrency exchanges cryptocurrency farms cryptocurrency miners Data Centers Electricity electricity rates estimate estimates Exchanges Kazakhstan Miners Mining mining entities Organization power deficit revenues shortages

Crypto miners now bring more than $230 million into the economy of Kazakhstan each year and estimates show the figure could increase significantly in the future. The industry’s leading organization…

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Post author:MiamiCrypto
Post published:October 3, 2021
Post category:capacities crypto farms crypto miners Crypto mining cryptocurrency miners Data Centers deficit electric stations electricity demand electricity shortages energy ministry Kazakhstan Measures Miners Mining mining entities minister power deficit power plants Power Supply Renewable Energy renewable sources restrictions shortages

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet…