Kazakhstan halts electricity supply to bitcoin mining companies due to power difficulties

time:2022-01-26 04:30 source:Internet

On January 26, Kazakhstan stopped supplying electricity to bitcoin mining companies due to power difficulties. After recent power difficulties in Central Asia such as Kazakhstan and Uzbekistan, the Kazakh power company suddenly cut off the power supply to bitcoin mining companies. A spokesman for the Kazakh State Electricity Company said on the same day: "From January 24 to January 31, we will stop supplying electricity to cryptocurrency mining companies. The reason for the power failure in Kazakh is the interruption of the main power lines in southern Kazakh. This not only makes Kazakhs are in difficulty, and it makes neighboring Uzbekistan also face power difficulties. Because not only labor costs are cheap, but electricity is also cheap. As a result, Kazakhstan is the second largest bitcoin mining country in the world. According to the Cambridge Center for Alternative Finance, Kazakhstan accounts for the world's largest 18.1% of cryptocurrency mining. This is 2nd after the US.

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