Cryptocurrency mining is causing power shutdowns in Kazakhstan, and China may be to blame

Cryptocurrency miners in Kazakhstan have been causing power shutdowns and blackouts. The sudden increase in crypto mining is reportedly due to mining firms from China flocking to the country after the ban earlier this year. Kazakhstan now plans to charge registered miners in the country and ration electricity to meet the demands. Cryptocurrency mining is reportedly causing an electricity crisis in Kazakhstan. With an increase in demand for electricity by cryptocurrency miners, there have been power shortages and even shutdowns at three power plants in October, according to a report by the Financial Times. The electricity demand in the country…