![]() ![]() Patchy power supply has complicated the company's business, he added. "We think that the development and stability of mining industry in Kazakhstan is in danger," said Matkenov, whose firm has three data centres in Ekibastuz, a city in northern Kazakhstan, running over 30,000 mining rigs. Clients may look to move to the United States and Russia, he said. Din-mukhammed Matkenov, co-founder of crypto miner BTC KZ, said an influx of Chinese miners had worsened problems for domestic miners by gobbling up power. #Comment craque maxiecu 2 crack#It said last year it planned to crack down on unregistered "grey" miners who it estimates might be consuming twice as much power as the "white" or officially registered ones. #Comment craque maxiecu 2 how to#The government is now looking at how to tax and regulate the largely underground and foreign-owned industry. Power-hungry miners have forced the former Soviet state to import electricity and ration domestic supplies. POWER PLAYS Kazakhstan's crypto mining farms are mostly powered by aging coal plants, which are a headache for authorities as they seek to decarbonise the economy. ![]() That was up from 8% in April, before Chinese miners shifted machines and bought capacity at Kazakh data centres. In August, Kazakhstan accounted for 18% of the global "hashrate" - crypto jargon for the amount of computing power being used by computers connected to the bitcoin network. Kazakhstan became the world's No.2 centre for bitcoin mining after the United States last year, attracting an influx of miners and data centre bookings from former global leader China after a crackdown on the industry by Beijing. ![]() The process guzzles electricity and is often powered by fossil fuels. Bitcoin and other cryptocurrencies are "mined" by powerful computers that compete against others hooked up to a global network to solve complex mathematical puzzles. I suppose we will keep a part of hashrate in Kazakhstan and will move some to other countries," he said. "Two or three years earlier, we called Kazakhstan a paradise of the mining industry because of the stable political environment and stable electricity," said Liu. Vincent Liu, a miner who moved operations to Kazakhstan from China to take advantage of the country's cheap power, said the changing environment had led him to look at shifting operations to North America or Russia. The internet outage compounded growing concerns about the stability and prospects of the business as tighter government oversight looms, the miners said. View Details ยป Yet the resumption of operations may belie problems to come for the fast-growing cryptocurrency industry, according to four major miners interviewed by Reuters, with some saying they or their clients may look for other countries to operate in. Producer, director, actor and politician Kamal Haasan is set to become the first Indian celebrity to have his own digital avatar in a metaverse ![]()
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