Kazakhstan switches crypto from mining farms by February-mining Bitcoin messages
Kazakhstan switches crypto from mining farms by February-mining Bitcoin messages
data centers that shape cryptocurrencies in Kazakhstan were separated from the country's power grid this week and will remain separated from the power grid for the rest of the January. The measure comes because the country is faced with electricity shortage that are attributed to crypto mining and power outages in the cold winter months.
crypto miner in Kazakhstan without electricity
Bitcoin mining systems in Kazakhstan were separated from the power supply on Monday, January 24th and remain closed until January 31, as unveiled local media. The restrictions were imposed after the state network operator Kegoc issued a blackout warning to 196 organizations across the country on January 21, reported ITICH.KZ.
All 69 registered mining companies were informed by the energy suppliers with letters about the cuts, in which the main reason was "the tense Situation in the maintenance of the balance of electricity and capacity in the uniform energy system". A copy of the message was sent to telegram of the journalist Serikzhan Maulletbay and his colleagues.
Kazakhstan became an important mining hotspot after China had acted against industry in May 2021. The Central Asian Land initially welcomed mine workers target = "_ blank" href = "https://news.bitcoin.com/more-regulation-proposed-streamlineinemineinemine-sector-in-kazakhstan/" Rel = "noopener"> regulate the sector, but later accused of its growing electricity deficit in the first three quarters of the past year. Power shortages have already forced to leave some mining companies.
parts of the country were haunted by power failures on Tuesday when a large power line was interrupted in the Südkasachstan, Bloomberg reported. The failure also affected the supply in neighboring Uzbekistan and Kyrgyzstan, so that people in all three countries remain without electricity.
The power failures that the residents of South Chestnuts experienced on January 25 are not the fault of the cryptocurrency apron that legally operated on, Informburo.kz stated in his report. The publication quotes Alan Dorjiyev, President of the Association of Blockchain and Data Center Industry in Kazakhstan, who found that the problems are more related to the aging infrastructure than with the crypto miners. He commented:
How often did we say that? In fact, the problems with electricity are not among the miners. Our entire system is on the brink.
Kazakhstan has retained the capped electricity tariffs, and Dorjiyev pointed out that the industry is still strongly underfunded. "And at some point the miners became an apology for Kegoc and the Ministry of Energy," added Dorjiyev.
civil servants in Russia who had to increase electricity Exports For Kazakhstan led to the current situation, including insufficient investments in the modernization and upgrading of the country's electricity infrastructure and generation capacity .
In early January,rising energy prices, especially for natural gas and other fuels, triggered mass protests in Kazakhstan, which escalated with violent clashes with the police. In order to suppress the unrest, the government restricted access to the Internet and closed local banks. The situation also had an impact on crypto mining and threatened the global Bitcoin Hashrat, the proportion of the country's share last year.
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