Kazakhstan Terminates 13 Crypto Mining Farms

The Ministry of Energy in Kazakhstan discovered 13 illegal digital asset-mining farms and stopped them. They were using more than 200 megawatts of electricity.

War on Illegal Miners

Protests broke out in central Asia at the start of 2022, when thousands of people took to the streets to protest the rising electricity prices.

Soon after the unrest, Kazakhstan’s government pledged to crackdown on illegal cryptocurrency miners. They were accused of causing a disruption in the country’s energy system. Minister Bagdat Musin stated that:

“Gray miners do a lot to our power grid. Illegal mining is estimated to cost more than 1 gigawatt in energy.

The Energy Ministry quickly uncovered and ended the activities of 13 illegal digital asset mining facilities. These were found in various regions of the country, including Karaganda and Turkestan as well as Pavlodar, Akmola and Kostanai.

Further, authorities said they would continue to identify and detach mining farms from the electric grid if they do not comply with the rules. President Tokayev, on the other hand, said that “white” miners should not be worried if they follow the regulations.

“The government does not oppose “white” miners. However, people who wish to operate in this sector need a license. They must also get electricity at the correct tariffs.

Kazakhstan accounts for 18.1% of global bitcoin mining activity. With 35.4%, the United States is the only country that is ahead.

Crypto Mining Banned in Kosovo

The Kosovar government banned cryptocurrency mining on its territory at the start of 2022 to reduce electricity consumption in the coldest months.

The Energy Minister stated that these actions were intended to address potential unexpected or prolonged shortages in electricity production capacity, transmission and distribution capacities, and help overcome the energy crisis without further burdening citizens of Kosovo.

Soon after, the first set of mining equipment was seized by law enforcement agencies. In particular, the Kosovo Police and Kosovo Customs seized 272 “Antminer” Bitcoin mining machines from Leposavic. In a separate operation, authorities also seized 39 additional digital asset mining devices. 35 of these were still operational at the time.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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