Categories
Uncategorized

Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners Kazakhstan plans to boost its power generating capacities in the coming years but right now the country is experiencing electricity shortages. In 2021, consumption has surged by 7% in comparison with last year, a government…

The post Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions appeared first on Technology Manias.

Leave a Reply

Your email address will not be published. Required fields are marked *