{"id":9131,"date":"2022-03-17T15:20:00","date_gmt":"2022-03-17T12:20:00","guid":{"rendered":"https:\/\/alfacash.blog\/?p=9131"},"modified":"2024-02-19T21:50:53","modified_gmt":"2024-02-19T18:50:53","slug":"mining-bitcoin-kazakhstan-losing-appeal","status":"publish","type":"post","link":"https:\/\/alfacash.blog\/es\/2022\/03\/17\/mining-bitcoin-kazakhstan-losing-appeal\/","title":{"rendered":"Kazakhstan is shutting down more Bitcoin mining farms"},"content":{"rendered":"

State actions against bitcoin mining in Kazakhstan have been gaining weight. This week, 55 farms that were operating illegally were torn apart, and 51 others were closed voluntarily<\/strong>. Close to 67,000 machines valued at 100,000 million Kazakhstan Tenge (193 million USD) were confiscated.<\/p>\n\n\n\n

In 2021, China banned crypto mining<\/a> on its land, making Kazakhstan, along with Russia<\/a>, one of the best places for the industry. Great energy production, good Internet connection, and cold weather were the factors that thrived miners to move to this country. <\/p>\n\n\n\n

Since the fall of 2021, the Asian country has been facing an energy crisis<\/strong>, so one of the actions taken by the State to deal with the situation is to shut down illegal crypto mining<\/a>. According to an official statement<\/a> released on Tuesday, the miners were illegally connected to power sources without the necessary permits and requirements to operate. <\/p>\n\n\n\n

\"China-ban-bitcoin-mining\"<\/figure><\/div>\n\n\n\n

Other crimes committed by miners include tax evasion and smuggling. Furthermore, the government stated that some greenhouse companies illegally sold their surplus electricity to these operations.  <\/p>\n\n\n\n

Among those involved in illegal Bitcoin mining in Kazakhstan stands out commercial and political figures from the country. <\/strong>One of them is Alexander Klebanov, president of the Central Asian Electric Power Corp., which provides energy to more than 2 million people. Others include Bolat Nazarbayev, brother of the ex-president Nursultan Nazarbayev, and Kairat Itegmenov, 17th richest man of Kazakhstan according to Forbes. <\/p>\n\n\n\n

These are not the first actions taken by the government to stop the growing increase in bitcoin mining in Kazakhstan. This February, 13 illegal mining operations were stopped<\/a> since they added the energy consumption of 202 megawatts.<\/p>\n\n\n\n

Small variations in the Hashrate<\/strong><\/h2>\n\n\n\n

Following the dismantling of these farms, the Bitcoin<\/a> hash rate fell from 209.9E on March 14 to 193.9E on the 15th, before reaching 202.6E again a day later, according to data from BitInfoCharts.<\/p>\n\n\n\n

\"Bitcoin-hashrate-march\"<\/figure>\n\n\n\n

Still, neither the bitcoin price (USD 41,000 according to CoinMarketCap) nor the network hash rate has been affected by Kazakh government actions<\/strong>. However, if the government measures against illegal mining become more restrictive, miners coming from China will have to look for another “paradise”<\/a> to settle in.<\/p>\n\n\n\n

\n\n\n\n

\u00bfQuieres intercambiar BTC, ETH y otros tokens? Puedes hacerlo<\/em> sin peligro <\/em>en Alfacash<\/em><\/a>! Y no olvides que estamos hablando de esto y muchas otras cosas en nuestras redes sociales.<\/em><\/p>\n\n\n\n

Gorjeo<\/a> * Telegrama<\/a> * Instagram<\/a> * Youtube<\/a> *Facebook<\/a>  * Vkontakte<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Government actions against illegal crypto mining led to 106 mining farms shutting down, which could jeopardize bitcoin mining in Kazakhstan. <\/p>","protected":false},"author":11,"featured_media":9242,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[43,110,73,476,118],"class_list":{"0":"post-9131","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-trends-alfacash","8":"tag-bitcoin","9":"tag-bitcoin-price","10":"tag-crypto-mining","11":"tag-kazakhstan","12":"tag-regulations"},"featured_image_src":"https:\/\/alfacash.blog\/wp-content\/uploads\/2022\/03\/btc-k-5.jpg","author_info":{"display_name":"Zuleika Salgado","author_link":"https:\/\/alfacash.blog\/es\/author\/zuleika\/"},"yoast_head":"\nKazakhstan is shutting down more Bitcoin mining farms - 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