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English => News => Topic started by: Redaktion on November 11, 2021, 13:18:47

Title: Kazakhstan is now the second-biggest bitcoin mining location globally
Post by: Redaktion on November 11, 2021, 13:18:47
As recently revealed by the Cambridge Centre for Alternative Finance, Kazakhstan is now the world's second-biggest bitcoin mining location, mostly due to the cheap power available and the crypto miners relocating from China. However, this weighs heavily on the country's power grid, which relies heavily on coal-generated electricity.

https://www.notebookcheck.net/Kazakhstan-is-now-the-second-biggest-bitcoin-mining-location-globally.578680.0.html
Title: Re: Kazakhstan is now the second-biggest bitcoin mining location globally
Post by: Barebooh on November 11, 2021, 13:23:42
And Russia's first in teen suicides. Some achievement!
Title: Re: Kazakhstan is now the second-biggest bitcoin mining location globally
Post by: Codrut Nistor on November 11, 2021, 14:52:18
Well, that's definitely a more grim top to be in...
Title: Re: Kazakhstan is now the second-biggest bitcoin mining location globally
Post by: kazakistanjin on November 11, 2021, 18:12:44
Well, that's an old article. Currently Kazakhstan has already taken actions against miners by turning off power for them. They take too much power from grid which may be fatal during winter when power consumption increases a lot.
Title: Re: Kazakhstan is now the second-biggest bitcoin mining location globally
Post by: Codrut Nistor on November 12, 2021, 16:59:38
Thank you for the report, kazakistanjin. Can you tell us how is the government taking these measures against grey miners? As far as numbers count, it looks like they are drawing more power and finding them could be tricky.