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Kazakhstan halts 13 crypto-mining farms

Kazakhstan halts 13 crypto-mining farms

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Answer Kazakhstan halts 13 crypto-mining farms

Kazakhstan’s Ministry of Energy has discovered 13 illegal crypto-mining farms to interfere and stop their operations.

Combined, these farms used electric power in excess of 200 megawatts.

The war on illegal miners:

The Central Asian country was riven by protests in early 2022 when thousands of residents took to the streets to fight high electricity prices.

Soon after the unrest, Kazakhstan’s government vowed to crack down on unauthorized crypto-miners amid accusations that they could negatively impact the country’s energy grid.

At the time, Energy Minister Bagdat Mosin said:

Crypto miners are doing a lot of damage to our energy grid.

The energy costs of illegal mining are estimated at more than 1 gigawatt.

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Soon after, the Department of Energy notified and suspended the activities of 13 illegal crypto-mining facilities.

These were located across the country in areas such as:

Karaganda, Turkestan, Pavlodar, Akmula, and Kostani.

The authorities also revealed that they will continue to identify and disconnect mining farms from the electrical grid, which do not adhere to the rules.

On the other hand, President Tokayev told that miners who act in accordance with the regulations should not care, and added:

The government is not against miners, but people who want to work in this sector must obtain a license, get electricity at the appropriate tariff, declare their income, pay taxes, and participate in green projects.

Kazakhstan is the second largest bitcoin mining site, accounting for 18.1% of the global hash rate.

The United States is the only country that advances by 35.4%.

Kosovo Bans Cryptocurrency Mining Activity:

At the beginning of 2022, the government of Kosovo banned all crypto-mining endeavors on its territory to reduce electricity consumption during the colder months of the year.

Read:Once again…SEC postpones decision to consider VanEck’s Bitcoin ETF

The Minister of Energy made it clear at the time that these measures are aimed at addressing the potential, unexpected or long-term shortage of electricity production, transmission or energy distribution capabilities in order to overcome the energy crisis without increasing the burden on the citizens of the Republic of Kosovo.

Soon after, law agencies confiscated the first batch of mining equipment.

Specifically, the Kosovo Police and Kosovo Customs confiscated 272 Bitcoin “Antminer” mining machines in the municipality of Leposavic.

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