Individual mining farm needs as much electricity as 24,000 households, estimates in Kazakhstan-Mining Bitcoin messages
Individual mining farm needs as much electricity as 24,000 households, estimates in Kazakhstan-Mining Bitcoin messages
authorities in Kazakhstan have calculated the energy consumption in the country's crypto mining industry, which competed with other economic sectors and households for electricity. The government has also estimated the additional offer that is necessary to cover the growing demand for mining companies and proposed an upper limit for the nominal output for new systems.
Kazakhstan measures the power consumption in crypto mining sector, estimates deficit
to explain why Kazakhstan is considering restrictions on new cryptocurrency mining operations, the Ministry of Energy told the local media that data center When shaped digital coins, 5 megawatt (mw) are consumed every hour. Only one mining system burns an average of 3.6 million kilowatts (KW) a month, according to the ministry and notes that this corresponds to the consumption of 24,000 households.
like china was HARKT Central Asian nation this year is an attractive goal for many developed from the mining With its low energy prices. As a result, electricity consumption has increased by 7.4 % to almost 83 billion kilowatt hours (kWh) in the first nine months of this year.
civil servants in only-sultan have already Mining companies in the country. With a total project capacity of over 972 MW, the current load on the Kazakh power distribution network is estimated to be more than 693 MW. In addition, electricity consumption through illegal mining facilities is likely to have increased. The Energy Ministry says the business news portal LS indicates that the excessive consumption growth, which is due to mining centers, is around 1,050 MW, while the proportion of the underground Crypto miner is estimated in the range from 250 to 450 MW. In order to cover the growing need of the mining industry, an increase in electricity generation by at least 1,000 MW would be required, which can take place in the next four to five years, the department stated. Kazakhstan's Minister of Energy Magzum Mirzagaliev said at the beginning of October that the government intended to build power plants with a total output of 3,000 MW during the same period. In order to prevent the situation from deteriorating, the ministry recommends a capacity limit of 100 megawatts for new consumers that connect to the power grid. It is expected that the measure will have an impact on projects for the construction of crypto mining farms in the country. This is not the only bad news for cryptocurrency miners and potential investors. This month the legislator has a target = "_ blank" htef = "https://news.bitcoin.com/lawmakers-in-kazakhstan-propose-registration-for-Crypto-Farms-Highher-electricity-Rate-for-miners/" Rel = "Noopener"> Suggestion for mining companies working in the country To introduce. A group of Mazhilis MPs also called for the introduction of higher electricity tariffs for companies that are involved in the extraction of digital currencies. Do you expect Kazakhstan to limit the size of the crypto farms and other restrictions and tariffs for the coin mining sector? Tell us in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons government wants capacity of new mining farms up to 100 mw
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