The Ministry of Energy of Kazakhstan discovered and stopped the operation of 13 illegal digital asset mining farms. So today we will discuss why Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns. Let’s find out by reading the article below.
Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns
Crack down on illegal miners
The Central Asian country was torn apart by protests in early 2022, when thousands of residents took to the streets against soaring electricity prices.
Shortly after that turmoil, Kazakhstan’s government vowed to crack down on unauthorized cryptocurrency miners amid allegations they could negatively impact the country’s energy grid. At the time, Minister Bagdat Musin said:
“Gray miners are doing a lot of damage to our grid. The energy cost of illegal mining is estimated to be over 1 GW.”
Shortly after, the DOE discovered and terminated the activities of 13 illegal digital asset mining facilities. These factories are spread all over the country, such as Karaganda, Turkestan, Pavlodar, Akmola and Kostanay and other regions.
Kazakhstan Banned Crypto Mining
In early 2022, the Kosovo government banned all cryptocurrency mining on its territory to curb electricity consumption during the coldest months of the year. Soon after, law enforcement agencies seized its first set of mining equipment. Specifically, Kosovo Police and Kosovo Customs confiscated 272 "Antminer" bitcoin mining machines in the city of Leposavic. Meanwhile, in a separate operation near the capital, Pristina, authorities seized another 39 digital asset mining rigs, 35 of which were in operation at the time.
I hope this article will help you to learn why Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns. Officials say illegal miners are putting an unbearable burden on the grid.
