It also explains that, in total, it is established that the total mining in Kazakhstan should not receive more than 100 MW of electrical power.
This regulation will go into effect 60 days after its publication, that is, approximately on December 16, 2021.
Kazakhstan this year became the second country that hosts the most processing power or Bitcoin hash rate in the world (18%), according to the Cambridge Center for the Financial Alternative.
Chinese miners migrated, after the ban, to the United States, Argentina, Canada and Kazakhstan, where prices and the nature of energy production suited them. As is the case with residual natural gas in the US, natural coal in Kazakhstan, and hydroelectricity in Argentina.
Meanwhile, countries such as Iran restricted the activity for reasons of energy stability, to later lift the bans. For its part, Russia is also planning to implement measures in this regard.
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