Tag: Kazakhstan

Internet blackouts brought in by the Kazakh authorities to help address Kazakhstan’s spreading unrest dealt a severe blow to Bitcoin cryptocurrency mining activity. The overall BTC hashrate fell 13.4% from roughly 205,000 petahash per second to 177,330 petahash per second. In addition, the Bitcoin price dropped 9% following the Kazakhstan blackouts, dropping to a swing…

Kazakhstan, which became a Bitcoin mining hub in the wake of the Chinese crypto miner exodus, might temporarily have to shut Bitcoin mining operations in certain regions, as the country is facing an electricity crunch in South Kazakhstan that intensifies in winter. According to CoinGape, Kazakhstan’s share of the world’s Bitcoin mining rose 6x this…

The Kazakhstan authority has introduced a new law regarding cryptocurrency mining taxation. The officials published a statement saying that the signed law is expected to come into effect in January 2022 and to generate billions of tenge to the national budget. Kazakhstan joins Iran in taxing the mining industry, given the lucrative potential for business….