CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$20,750.00
  • ethereum
    ETH$1,181.84
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Kazakhstan Terminates 13 Crypto Mining Farms

    Kazakhstan Terminates 13 Crypto Mining Farms

    Author: Dimitar Dzhondzhorov

    Last Updated Feb 23, 2022 @ 15:29

    As part of its war against unauthorized cryptocurrency miners, Kazakhstan’s government ceased the endeavors of 13 digital asset mining facilities.

    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 Illegal Miners

    The central Asian country was torn by protests at the beginning of 2022 when thousands of residents occupied the streets to fight against the surging electricity prices.

    Shortly after that unrest, Kazakhstan’s government vowed to crack down on unauthorized cryptocurrency miners amid the accusations that they could negatively impact the nation’s energy network. Back then, Minister Bagdat Musin said:

    “Gray miners are doing a lot of harm to our power grid. The energy costs of illegal mining are estimated to exceed 1 gigawatt.”

    Shortly after, the Energy Ministry came upon and terminated the activities of 13 illicit digital asset mining facilities. Those were located all over the country in regions like Karaganda, Turkestan, Pavlodar, Akmola, and Kostanai.

    The authorities further revealed they would continue to identify and disconnect mining farms from the electrical grid, which do not abide by the rules. On the other hand, President Tokayev said “white” miners who act in accordance with the regulations should not be concerned:

    ADVERTISEMENT

    “The government is not opposed to “white” miners, but people who want to operate in this sector must have a license, get their electricity at the appropriate tariffs, declare their income and pay taxes, and get involved in green projects.”

    Kazakhstan is the second-biggest bitcoin mining location, accounting for 18.1% of the global hash rate. The United States is the only country ahead with 35.4%.

    Kosovo Banned Crypto Mining

    At the beginning of 2022, the Kosovar government prohibited all cryptocurrency mining endeavors on its territory to curb electricity consumption during the coldest months of the year.

    “These actions are aimed at addressing potential unexpected or long term lack of electricity production capacities, capacities of transmission or distribution of energy in order to overcome the energy crisis without further burdening the citizens of the Republic of Kosovo,” the Energy Minister explained back then.

    Shortly after, law enforcement agencies seized its first set of mining equipment. Specifically, Kosovo Police and Kosovo Customs confiscated 272 “Antminer” Bitcoin mining machines in the municipality of Leposavic. At the same time, during a separate operation near the capital Prishtina, the authorities seized additional 39 digital asset mining devices, 35 of which were functioning at the time.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • kazakhstan_cover
      Internet Blackout Reported in Kazakhstan Amid Escalating Anti-Government Protests
    • Canaan_Kazakhstan
      Nasdaq-Listed ASIC Maker Canaan Partners With Multiple Mining Firms in Kazakhstan
    • marimunoz_elmundo
      Spanish Politician Argues the Country to Position Itself as a Bitcoin Mining Hub
    Tags: Bitcoin Mining Kazakhstan
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

  • bitcoin
    BTC$20,750.00
  • ethereum
    ETH$1,181.84
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    Over 33% of NFT Volume is Wash Trading: bitsCrunch CEO Interview

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    What’s Going on With Celsius Network and Why Is It a Huge Risk for Crypto (Opinion)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Institutions Are Definitely Here: ConsenSys’ Harriet Browning (Interview)

    Binance Visa Card Guide: Read Before You Order

    Binance Visa Card Guide: Read Before You Order

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!