Blockchain News

Kazakhstan Power Ministry Cracks Down on Unlawful PoW Mining

Written by James Smith

A short time in the past, Kazakhstan was flaunted as a serious hub for Bitcoin (BTC) and Proof-of-Work (PoW) mining, however immediately, the nation is quick turning into an illiberal zone for cryptocurrency mining actions.

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In line with a press release shared by the Committee for Nuclear and Power Supervision and Management of the Ministry of Power of the Republic of Kazakhstan, a number of mining farms have been focused by the ministry in addition to an organized group of regulation enforcement businesses.

As detailed, a complete of 13 mining farms have been raided, all collectively consuming a complete of 202 MW of electrical energy. In line with the authorities, the collective energy consumption tally was cumulative energy from mining farms in varied areas, together with Karaganda, Pavlodar, Turkestan, Akmola, and Kostanay area, amongst others.

Kazakhstan was the fast and closest possibility accessible to Bitcoin miners after the Chinese language authorities banned every little thing linked to digital belongings transactions final 12 months. Whereas Kazakhstan shortly rose in rating because the second nation with the best quantity of BTC Hashrate, the miners who migrated all the way down to the nation quickly became targets. The federal government has employed a number of ways to cease their operations, together with energy cuts and now seek out.

With the federal government’s stance in current occasions, it’s evident that Kazakhstan shouldn’t be the dream dwelling that many miners had envisaged prior to now, and the present crackdown might stir one other China-like exodus from the nation.

By means of the current seek out efforts, the vitality ministry has confirmed plans to proceed these related raids because it seeks to rid its shores of recognized and non-identified mining farms.

“The work of the cell group to determine and disconnect mining farms from {the electrical} networks will proceed, and the approved our bodies are additionally finishing up operational and investigative measures on the recognized mining farms,” the press launch reads.

Picture supply: Shutterstock


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James Smith

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