Kazakh crypto miners face ‘energy crisis’ as exiled Chinese miners arrive in droves

Source: bollyinside.com bollyinside.com

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The Financial Times further reported that over 87,849 mining rigs have come to China from Kazakhstan, putting the country in the number two spot (behind the U.S.) as a leading crypto mining region, according to the University of Cambridge. “It has been days since my machines have been online,” Matthew Heard, a software engineer from San Jose, told the Financial Times. “During the last week, even if my machines do come on, they barely stay on.” An 8% spike in consumption Now, Kazakhstan Electricity Grid Operating Company (KEGOC) has informed crypto miners that it will begin rationing power to its...