Following energy shortage, Kazakhstan is reining in 2021's stampede of crypto miners by the_postman_
The list of miners has followed from new law on Kazakhstan's cryptocurrency industry adopted at the end of June. Since the beginning of the year, miners have been subject to an additional charge of 1 tenge per kilowatt-hour of electricity — worth $0.0023 as of press time.
Now the second-largest source of Bitcoin's hashrate in the world — after the U.S. and ahead of neighboring Russia — Kazakhstan has seen a surge in cryptocurrency mining since aearlier this year. While miners came to Kazakhstan in part due to its cheap electricity, the country found its resources strained.
"We already see 'white miners' in our country. They consume over 600 megawatts of electricity. 'Gray miners,' we have determined, consume 340 megawatts," said Mirzagaliyev. While acknowledging that Kazakhstan will need years to up its overall capacity, he said"I want to put out the clear message that nobody is planning to cut off 'white miners.' We want to move 'gray miners' into the zone of 'white miners.
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