Tag: kazakhstan crypto mining

Mar 15 2022

Breaking: Kazakhstan Shuts 106 Crypto Mining Farms; Seizes $193M Worth Equipment

Mar 15 2022 Published at Coingape under tags  kazakhstan kazakhstan crypto mining news

Kazakhstan government has hammered 106 crypto mining farms for illegally carrying out crypto mining activities. The administration has discovered some ex-officials and richest businessmen in Kazakhstan were associated with it. The statement issued by the government mentions that 67 thousand pieces of equipment worth about 100 billion tenges (approx $193M) were also seized. Kazakh govt....

Feb 22 2022

Just-In: Kazakhstan Shuts 13 Illegal Bitcoin Mining Farms

Feb 22 2022 Published at Coingape under tags  altcoin news kazakhstan crypto mining news

Kazakh Ministry of Energy has discovered and shut down 13 illegal cryptocurrency mining farms in the country. This move has landed...

Feb 04 2022

Kazakhstan Extends Power Cuts for Cryptocurrency Miners For Another Week

Kazakhstan has extended power cuts for cryptocurrency mining operations until...

Jan 08 2022

Internet Shut Down! Kazakhstan’s Political Crisis Surges Soon After Bitcoin Mining Goes Offline

Jan 08 2022 Published at Coingape under tags  crypto news kazakhstan crypto mining

A summary of the protests included the Central Asian company over the last week. The show - "The...

Internet Shut Down! Kazakhstan’s Political Crisis Surges Soon After Bitcoin Mining Goes Offline

Jan 08 2022 Published at Coingape under tags  crypto news kazakhstan crypto mining

A summary of the protests included the Central Asian company over the last week. The show - "The...

Jan 05 2022

Kazakhstan’s Internet Shutdown Drops Bitcoin Hashrate by 12%, will it impact BTC price?

Bitcoin could see some price volatility in the near term resulting from civil unrest going on in Kazakhstan. Following prolonged protests in the Central Asian country, the president declared a shutdown of internet services that...

Kazakhstan: Crypto miners at risk amid protests post natural gas price hike

Jan 05 2022 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

In the wake of the Chinese crypto ban, miners from the authoritarian nation relocated to the formerly up and coming hub for crypto, Kazakhstan. However, the narrative did not lay out according to the plan, breaking nationwide power outages, along with substantial hike in natural gas prices further leading to a hostile environment for crypto The post Kazakhstan: Crypto miners at risk amid...

Dec 30 2021

Power Outages Force Crypto Miners To Leave Kazakhstan

Mining Cryptocurrency is an energy-intensive process, and there is massive consumption of energy. The cheap coal-based electricity in Northern China has led...

Sep 24 2021

Kazakhstan Might Have to Shut Bitcoin ($BTC) Mining Operations, Here’s Why

Kazakhstan, the Central Asian nation that became a Bitcoin mining hub in the wake of the Chinese crypto crackdown and miner exodus might have to shut BTC mining operations temporarily. The country is facing an electricity crunch that intensifies in winter and the government might have to impose restrictions on Bitcoin mining to ensure ample The post Kazakhstan Might Have to Shut Bitcoin...

Jun 15 2021

Kazakhstan Could Soon Introduce A Tax On Crypto Mining Operations

Crypto mining has been a hot topic of discussion at this stage, and with China cracking down on local miners, Kazakhstan has emerged as the next big destination for crypto miners. With a major influx of crypto miners over the last...

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