Crypto-miner held responsible for power supply deficit in Kazakhstan, government pondered on restrictions-mining Bitcoin messages
Crypto-miner held responsible for power supply deficit in Kazakhstan, government pondered on restrictions-mining Bitcoin messages
Kazakhstan is faced with current shortage and the mining of cryptocurrencies has been identified as the main culprit. In the middle of a persistent reaching in China, the Central Asian nation has become a magnet for crypto miners that benefit from their low electricity prices.
The Republic of Kazakhstan records an increase in electricity demand by 7% due to crypto miners
Kazakhstan plans to increase its electricity generation capacities in the coming years, but the country is currently suffering from a shortage of power. In 2021, consumption increased by 7 % compared to the previous year, a government official announced at a press conference.
The increase in demand is above all on a growing number of data center energieminister magazine Mirzagaliev devoted himself to the cryptocurrency mining, told the local media this week, referring to the numbers published by the network operator Kegoc. He emphasized that "this is a very large increase," he said:
We have to make a number of decisions. Firstly, we must be able to ensure that system operators have the right to limit or reduce the consumption of mining data centers in times of electricity shortages.
The Mirzagaliev's statement was cited by Kazakhstan Today, who noticed in her report that the activities of the crypto-miners now have no significant positive influence on socio-economic indicators. Mining consumes the cheap electricity generated in Kazakhstan and competes with the growing needs of the rest of the economy and the population. The shaped cryptocurrency is usually sold elsewhere and profits are accumulated abroad.
Nevertheless, the head of the Energy Ministry insisted that Kazakhstan has to develop his crypto mining sector, and was confident that the industry would develop further. Mirzagaliev pointed out that there are "very good opportunities" and emphasized the potential of the country, the use of renewable energy.
In view of the current deficit, the department has developed a number of suggestions on how to handle electricity bottlenecks by miners. This includes measures to limit the power consumption of existing mining computing centers and to plant new crypto farms to the network. 
At the same time, the government will concentrate on increasing electricity production in only sultan. Minister Mirzagaliev announced that the country wants to build power plants with a total capacity of 3,000 megawatts over the next five years. While these electricity works are operated with natural gas, Kazakhstan will also put new systems into operation based on renewable energy sources. Your share in the country's energy mix is expected to reach 6 % and 2030 at least 15 % by 2025.
an Learn this year showed that the country showed its part this year on the global Bitcoin extraction in less than two years. Kazakhstan is now taking third place in the world in the crypto mining volume. In July the government decided to introduce a target = "_ blank" href = "https://news.bitcoin.com/kazakhstan-introduces-surge-for-elected-sed-by-Cryptominers/" noopener "> surcharge for the power consumed by miners, but that has not been held ZUCHROM From mining companies.
Do you expect Kazakhstan to successfully master his power supply deficit and continue to attract cryptocurrency miner? Tell us in the comment area below.
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