Kazakhstan extends electricity interruptions for cryptocurrency miner-Mining Bitcoin messages

crypto farms in Kazakhstan remain separated from the power grid until February 7, since the local energy supplier has extended the electricity interruptions for miners. As the main reason for the measure that was to expire at the end of January, the company mentions continuing difficulties in power supply.

mining facilities in Kazakhstan are still closed

data centers, which are entitled to characterize digital currencies in Kazakhstan, will not be in operation at least until next Monday, February 7, after the country's power distribution company has extended previously introduced supply restrictions by another week.

The State Kazakhstan Electricity Grid Operating Company ( Kegoc ) has informed mining companies in a message cited by Forklog about the continued restrictions. The supply company gives unresolved problems when maintaining a stable power supply.

The measure was first was closed on January 24th, as mining businesses by January 31. Almost 70 companies were affected by the power failures caused by the winter lack. Power failures due to a damaged power line met South Kasachstan and the neighboring countries.

The mining companies expect clarification by the Ministry of Energy before planning their future activities in the country, the head of the National Association of the Blockchain and Data Center Industry, Alan Dorjiyev, told the crypto news agency. His organization combines dozens of registered mining companies.

Kazakhstan has been fighting with a growing energy deficit since last year when it became an important mining hotspot after China had done hard against industry. The influx of miners, which increased the proportion of the country in the global Bitcoin Hashrat to over 18 %, was accuses for the shortage of electricity.

In January, Dorjiyev said that Miner had become an apology for Kegoc and the Energy Ministry, although the problems were actually caused by outdated and inadequate infrastructure generation capacity . Kazakhstan keeps capped electricity tariffs and the sector suffers from the lack of investments.

Interruptions in the power supply have already forced some mining companies The central Asian nation. In order to solve the problem, Kazakhstan has increased the power supply Imports Federation. The government in Nur-Sultan also plans to revive a decade-old project for the construction of a nuclear power plant.

rising energy prices that fuels such as natural gas triggered in Kazakhstan in the first days of the year. In order to suppress the unrest, the government closed banks and restricted access to Internet. However, the turbulence had an impact on the crypto mining industry when the situation began stabilize The miners resumed their operation until they were faced with the latest power failures.

Do you expect more crypto-miner Kazakhstan if the problems with power failures remain? Share your thoughts on this topic in the comment area below.

lubomir Taskensev

lubomir Taskensev is a journalist from the technically experienced Eastern Europe, to the Hitchen's quote: "To be a writer is what I am and not what I do." In addition to crypto, blockchain and fintech, international politics and business are two other sources of inspiration.

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