Kazakhstan’s Ministry of Energy’s Committee for Atomic and Energy Supervision has carried out a number of inspections to detect unlawful coin mining operations in the country, according to the department. The joint checks included members of the country’s law enforcement and other government institutions.
In a press release, the ministry announced that “as a consequence of the inspections over the previous 5 days, mobile groups have located and stopped 13 mining farms with a total consumption of 202 MW.” The facilities that have been shut down are spread across the Central Asian country.
Authorities discovered mining facilities with a total capacity of over 31 MW in the Karaganda district. Then, and another 22 MW of mining equipment in the Pavlodar region.
They also turned down equipment in the Turkistan region (3.28 MW), Akmola region (1.03 MW), Kostanay region (0.82 MW), the capital Nur-Sultan (1.8 MW), Almaty (3.5 MW), and Shymkent (4 MW).
The ministry also disclosed that several miners in West Kazakhstan and Karaganda had imposed “self-restrictions” totaling 91 MW in West Kazakhstan and 44 MW in Karaganda. Inspectors will continue to look for and disconnect illegal crypto farms, but they will also look for and identify permitted mining operations, according to the release.
President Kassym-Jomart Tokayev asked authorities to account for all coin minting firms in the country. Then, and review their tax, customs. Also, and technical documentation earlier in February, prompting the government checks. He assigned the responsibility to the Financial Monitoring Agency. Of course, which is to provide a report to the executive branch by mid-March.
Following China’s ban on the industry, Kazakhstan became an attraction for crypto miners, offering restricted electricity rates. They were first welcomed, but their energy-intensive production was later blamed for the developing power deficit. Due to winter blackouts, the nation had to increase electricity imports from Russia and recently shut down lawful mining farms.
In the early days of the year, mass protests over growing energy expenses. That’s, particularly petrol prices, erupted, putting Tokayev’s rule in jeopardy. To pacify the uproar, his administration briefly shut down banks and blocked internet access, hurting bitcoin mining and hashrate globally. Some mining businesses have already sought more stable conditions elsewhere due to political unrest and power outages.
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