Kazakhstani Crypto Miners Are Facing an 'Energy Crunch' As Exiled Chinese Miners Flock In


Source: interestingengineering.com interestingengineering.com

Key Topics in this News Article:

News Snapshot:

Kazakhstani Crypto Miners Are Facing an 'Energy Crunch' As Exiled Chinese Miners Flock In It's estimated that over 87,849 power-hungry mining rigs from China have made their to Kazakhstan. NiseriN/iStock Cryptocurrency miners in Kazakhstan are facing power outages as Chinese miners flock to the country because their nation has made crypto mining illegal , according to the Financial Times . Back in September of 2020, China's central bank declared all cryptocurrency-backed transactions illegal within its borders, arguing for the ban of the digital currency amid national concerns about the country's borders and "safety of people's assets." “It has been days...