Kazakhstan

Bitcoin Miners Forced to Comply with Stricter Rules in Kazakhstan

Ethereum 2.0 testnet splits due to bug

Key facts: The regulators request a series of documents from the company and the equipment to be used. The miners could move to Uzbekistan where solar-powered mining has been licensed. Bitcoin miners wishing to settle in Kazakhstan must comply with stricter procedures, now that the Ministry of Digital Development has made amendments to the order …

Bitcoin Miners Forced to Comply with Stricter Rules in Kazakhstan Read More »

Kazakhstan forces 106 cryptocurrency mines to close

Kazakhstan forces 106 cryptocurrency mines to close

By DailyBitcoin Editor According to the government, well-known political and business figures in that country were behind some of the mines, including the brother of former President Nursultan Nazarbayev. *** Kazakhstan’s crackdown on illegal cryptocurrency mining has forced an additional 106 miners to halt their operations, according to a government statement today. Following investigations by …

Kazakhstan forces 106 cryptocurrency mines to close Read More »

President of Kazakhstan asks to quintuple taxes for crypto mining – DiarioBitcoin

President of Kazakhstan asks to quintuple taxes for crypto mining - DiarioBitcoin

For DailyBitcoin Editor A crypto mining tax was recently introduced in Kazakhstan, but the president wants more: a fivefold increase in the amount of tax. *** Kazakhstan President Kassym-Jomart Tokayev has called for an even higher tax on crypto mining. This occurs only six weeks after a new tax on the industry came into force, …

President of Kazakhstan asks to quintuple taxes for crypto mining – DiarioBitcoin Read More »

Kazakhstan to leave Bitcoin miners without electricity until the end of the month

Bitmain launches new Bitcoin miner with liquid cooling system

The energy crisis in Kazakhstan continues and with it the impact on Bitcoin (BTC) mining. The electric operator of the Asian country ordered to cut the service to the farms that are in the country until the end of the month and today it was learned that a massive blackout left that nation and two …

Kazakhstan to leave Bitcoin miners without electricity until the end of the month Read More »

The sad story of the stranded Bitcoin miners in Kazakhstan: “there is no future”

The sad story of the stranded Bitcoin miners in Kazakhstan: "there is no future"

A few months after China banned Bitcoin mining, Kazakhstan emerged as the second territory, after the United States, with the highest concentration of mining power or hash rate on the network. The Central Asian country welcomed many miners who fled the crackdown. They arrived full of optimism, but today their situation is different, since their …

The sad story of the stranded Bitcoin miners in Kazakhstan: “there is no future” Read More »

Bitcoin hash rate slowly recovers after internet outages in Kazakhstan

Bitcoin hash rate slowly recovers after internet outages in Kazakhstan

Key facts: The three main Bitcoin mining pools show recovery in their computing power. Bitcoin’s hash rate had fallen 12% last week, following an internet blackout in Kazakhstan. Bitcoin’s hash rate shows signs of recovery after the steep decline that occurred between January 5-6 due to internet outages in Kazakhstan. According to figures from BTC.com, …

Bitcoin hash rate slowly recovers after internet outages in Kazakhstan Read More »

Spain: deputy proposes that the country welcome miners from Kazakhstan – DiarioBitcoin

Spain: deputy proposes that the country welcome miners from Kazakhstan - DiarioBitcoin

For Daily EditorBitcoin Spanish deputy María Muñoz wrote on Twitter that after the situation in Kazakhstan, Spain could welcome the miners. He sent a letter to the congress. *** Spanish deputy María Muñoz wants to position her country as a reliable alternative to miners facing a complex situation in Kazakhstan, after their Internet service was …

Spain: deputy proposes that the country welcome miners from Kazakhstan – DiarioBitcoin Read More »

Political turmoil in Kazakhstan weighs on Bitcoin mining power

Political turmoil in Kazakhstan weighs on Bitcoin mining power

The processing power or hash rate of Bitcoin miners has fallen by at least 12%, due to political instability in Kazakhstan. This central Asian country houses 18% of the processing power of Bitcoin mining, and in the face of protests that led to the resignation of its government this morning, the miners would have stopped …

Political turmoil in Kazakhstan weighs on Bitcoin mining power Read More »