• Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
Saturday, December 2, 2023
No Result
View All Result
Our Bitcoin News
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners
No Result
View All Result
Our Bitcoin News
No Result
View All Result

Kazakhstan shuts down 13 illegal crypto mining operations

News
by Paul Carpenter
22 February 2022
Kazakhstan shuts down 13 illegal crypto mining operations

Source: Unsplash

Share on FacebookShare on Twitter

Kazakhstan Ministry of Energy officials announced Monday that they have shut down 13 unlicensed crypto mining operations in the country.

Kazakhstan became one of the most popular destinations for cryptocurrency miners after China banned mining operations within its borders. Several Chinese crypto miners shifted their facilities in the central Asian country, primarily due to low energy costs and mining-friendly regulations.

However, the benefits were short-lived after the country began to deal with political unrest and power shortages. High energy consumption resulted in Kazakh energy officials sometimes pulling the plug for crypto miners. In addition, the Ministry recently proposed a law that would limit the energy consumption of new miners to 1 MW per mine.

Now, in a fresh crackdown, the officials have shut down 13 unlawful crypto miners that remain unlicensed with the country’s regulator. The miners were using a total power consumption of 202 megawatts (MW), per the official statement released Monday.

Several illegal facilities were found in regions Karaganda, Pavlodar, Turkestan, Akmola, and Kostanai, and in cities Nur-Sultan, Almaty, and Shymkent. The official statement noted:

“[Efforts] to identify and disconnect mining farms from the electrical grid will continue, and the relevant government bodies are also conducting investigations into the data-mining farms that have been detected.”

Previous Post

Amber Group closes $200M round at $3B valuation; led by Temasek

Next Post

El Salvador may soon grant citizenship to foreign investors

Paul Carpenter

Paul Carpenter

Paul is an avid researcher and fintech enthusiast, he loves the integration of blockchain and non-blockchain industries and writes about the most current news that impacts the market. His extensive experience helps the audience connect to his written piece.

Related Posts

Free distribution of Starknet’s own virtual currency (Airdro), snapshot completed

Free distribution of Starknet’s own virtual currency (Airdro), snapshot completed

by Kurt Ebenzer
2 December 2023

Check the rumored screenshot Starknet, an L2 scaling solution for the crypto asset (virtual currency) Ethereum (ETH), confirmed the authenticity...

Tokenization will really (finally) begin in 2024 | CoinDesk JAPAN

Tokenization will really (finally) begin in 2024 | CoinDesk JAPAN

by Damien Martin
2 December 2023

Everyone from TradFi (traditional finance) leaders to crypto experts predict that tokenization opportunities will reach into the tens of trillions....

Major hedge fund “Three Arrows Capital” forcibly liquidates Bitcoin position = FT coverage

Will the virtual currency Bitcoin price accelerate its rise in 2024? Grayscale Market Report

by Kurt Ebenzer
2 December 2023

Virtual currency market report Grayscale, a major US crypto asset (virtual currency) management company, released its November 2023 market report...

No Result
View All Result

Recent Posts

  • Free distribution of Starknet’s own virtual currency (Airdro), snapshot completed
  • Tokenization will really (finally) begin in 2024 | CoinDesk JAPAN
  • Will the virtual currency Bitcoin price accelerate its rise in 2024? Grayscale Market Report
  • Third company to meet with SEC this week regarding Bitcoin ETF listing application, experts optimistic about approval
  • Mr. Zhao and the end of “borderless” crypto asset companies/Ripple and banks are getting closer[10 carefully selected books to read on the weekend]
Our Bitcoin News

© 2021 Our Bitcoin News

Navigate

  • Home
  • Press Release
  • Sponsored
  • Our Journalists
  • Advertise
  • Editorial Policy
  • Privacy Policy
  • Terms & Conditions

Follow Us

No Result
View All Result
  • Home
  • NFT
  • Bitcoin
  • Events
  • Contact
    • Contact
    • Our Journalists
    • About Us
    • Partners

© 2021 Our Bitcoin News