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 Kazakhsta...
Tag: Kazakhstan
Kazakhstan seems will no more support cryptocurrency miners
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Kazakhstan Could Be Turning Its Back On Bitcoin Miners But Hashrates Are At An All-Time High ⋆ ZyCrypto
Advertisement     Kazakhstan became one of the leading providers of Bitcoin hashrates after China’s crackdown on the activities of miners. The country has struggled to...
Bitfinex has gone live in Kazakhstan
Bitfinex token platform has gone live in Kazakhstan It has a BTC mining related token that has gone for its debut with the STO platform Astana International Financial Center will regulate the STO pl...
Kazakhstan shuts down 13 crypto mining firms for illegal operations
Kazakhstan continues with its fight against illegal cryptocurrency mining firms. 13 crypto mining firms in the country have been shut down for failing to comply with the local regulations. The Ministr...
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims – Coinotizia
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortage...
Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims – Mining Bitcoin News
Authorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortage...
Kazakhstan Terminates 13 Crypto Mining Farms
Kazakhstan’s Ministry of Energy discovered and halted the operations of 13 illegal digital asset mining farms. Those were collectively using an electricity capacity of over 200 megawatts. War on Illeg...
Kazakhstan Cracks Down on Illegal Mining, Busts 13 Crypto Farms – Mining Bitcoin News
Authorities in Kazakhstan have gone after illegal crypto mining operations amid ongoing issues with electricity supply. Working together with law enforcement, the country’s energy ministry announced t...
Kazakhstan Is Cracking Down on Illegal Crypto Miners, 13 Crypto Farms Disconnected
Kazakhstan is cracking down on illegal crypto miners. The energy authority reported it has traced and disconnected 13 crypto mining farms in the country. These crypto miners operated without proper au...
Kazakhstan President Orders Government to Find All Miners and Raise Tax by April – Mining Bitcoin News
President of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not aga...
Kazakhstan president calls for hefty taxes on crypto miners
Crypto mining activities in Kazakhstan have skyrocketed over the past few months, with the country now ranking as the second-largest Bitcoin miner by network hash rate. The president of Kazakhstan, Ka...
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining – Mining Bitcoin News
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fi...
Kazakhstan Suggests A 500% Tax Increase; Some Eye Relocating To The US, Russia
Bitcoin mining rigs are facing problems all over the globe. First, miners were evicted from China and later shifted to Kazakhstan. With its bountiful natural gas and cheap power, Kazakhstan led to min...
New tax proposal in Kazakhstan could push crypto miners out
Kazakhstan may soon prove to be a hostile location for crypto miners as the Asian country’s government has proposed a hike in its electricity tariff and taxes for crypto miners. Kazakhstan proposes ha...
Crypto Tax: Kazakhstan Recommends Tax On Cryptocurrency Miners
Kazakhstan’s national grid operator has begun restricting energy to the country’s largest customers, with cryptocurrency mining farms presumably being the target. Officials might be rethinking their r...
Kazakhstan proposes power price hikes and taxes targeting crypto miners
The Kazakh government is considering a three-pronged proposal designed to make crypto miners pay much more for operating in the country, which could make Kazakhstan less attractive to the industry. On...
Kazakhstan floats 500% tax increase on Bitcoin miners, leading some to eye relocation
Kazakh authorities have floated tighter regulatory conditions for bitcoin miners in recent days — a state of affairs that could spur some operations to leave the country for friendlier shores. As loca...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners For Another Week
Kazakhstan has extended power cuts for cryptocurrency mining operations until February 7. The power cut was supposed to end by January 31. However, ongoing difficulties with the power supply have forc...
Kazakhstan Extends Power Cuts for Cryptocurrency Miners – Mining Bitcoin News
Crypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main r...
Kazakhstan is cutting off power supplies to crypto miners
Crypto miners in Kazakhstan are facing a major drawback, as reports have revealed that authorities in the country have cut off the power supply of miners owing to the growing crisis in the country. Bl...
Another Bitcoin Blow As 2nd Largest Crypto Mining Nation, Kazakhstan Cuts Off Mining Energy Supply Till February ⋆ ZyCrypto
Advertisement     Kazakhstan officially shuts down energy for Bitcoin miners till February. The oil-rich nation is struggling to keep up with energy demands as BTC has...
Kazakhstan Powers Down Bitcoin Miners as Blackouts Roil Central Asia
Don’t expect Kazakhstan Bitcoin miners to be earning any BTC during the final week of January. The state-run Kazakhstan Electricity Grid Operating Company (KEGOC) confirmed to Bloomberg that ele...
Internet Outages Spooking Crypto Miners in Kazakhstan
Last week’s internet outage in Kazakhstan compounded growing concerns over tighter government regulations, according to local cryptocurrency miners. In light of these potentially diminished prospects,...
Will The Energy Crisis Help Clean-Up Bitcoin?
(Photo by ABDUAZIZ MADYAROV/AFP via Getty Images) AFP via Getty Images The fact that we are in the grip of a global energy crisis is now beyond doubt. In the UK there are a slew of energy businesses ...
Bitcoin Mining Operations in Kazakhstan Restore 90% of Production but Hashrate Still Lagging
Major bitcoin mining firms in Kazakhstan have restored between 80% to 90% of production after days of rioting, according to Alan Dordjiev, head of the Kazakh National Association of Blockchain and Dat...
The Situation Surrounding BTC in Kazakhstan Is Getting Worse
Kazakhstan is experiencing civil unrest after a major internet shutdown resulted in many businesses – including crypto mining projects – unable to operate appropriately. Kazakhstan Internet Outage Res...
Bitcoin mining recovers as Kazakhstan is back online, but at what cost?
TL;DR Breakdown Major Bitcion mining pools have recovered almost 9% as internet is restored in Kazakhstan. There are growing allegations of human rights violation and social media outrage against the ...
Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country – Mining Bitcoin News
The situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an ...