The Magazine for Asian Investors
According to a report from local Bitcoin farms in Kazakhstan, there have been regular power cuts for Bitcoin miners since this year. The country has recently been struggling with power outages, which officials blame on the country’s Bitcoin mining industry. Therefore, they have started to regularly cut off the power to the farms and plan to continue to do so.
In Kazakhstan, recent unrest has led to a local shutdown of the Internet. This has also affected the local Bitcoin mining industry. Kazakhstan became a major Bitcoin mining country after China imposed a nationwide ban on cryptocurrencies and crypto mining. If miners in Kazakhstan continue to experience difficulties, another move to other countries could be a possibility.
Only yesterday, there were power outages in Kazakhstan that lasted for hours after there was a defect in a main power line.