Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization Claims

Miners Have Moved 30% of Their Equipment Out of Kazakhstan, Industry Organization ClaimsAuthorized crypto mining businesses have already taken a third of their coin minting hardware out of Kazakhstan, according to the country’s mining association. The news comes amid electricity shortages and upcoming tax hikes that are turning miners away from the Central Asian nation. Bitcoin Miners Start Pulling Machines Out of Kazakhstan Companies, legally operating mining […]

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Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer Says

Students Mining Crypto in Dorms May Face Criminal Prosecution in Russia, Lawyer SaysUniversity students in Russia minting digital currencies in their dormitories risk penalties and even criminal charges, according to a legal expert quoted by local media. The warning comes as Russian authorities are trying to curb crypto mining with cheap energy in residential areas. Mining May Turn Into Risky Undertaking for Russian Students As more and […]

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Kazakhstan President Orders Government to Find All Miners and Raise Tax by April

Kazakhstan President Orders Government to Find All Miners and Raise Tax by AprilPresident of Kazakhstan Kassym-Jomart Tokayev has instructed authorities to identify all crypto mining enterprises and increase the electricity surcharge they are required to pay. The state is not against legal mining activities, but crypto farms should be licensed and taxed, Tokayev insisted. Miners in Kazakhstan to Pay Higher Electricity Tariffs On top of electricity shortages […]

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Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining

Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto MiningAuthorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fivefold hike of the fee miners pay per each kilowatt-hour of utilized electricity. Mining Companies in Kazakhstan Expected to Pay Much More […]

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Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency

Electricity Consumption Spikes in Irkutsk as More Russians Start Mining CryptocurrencyElectricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment from restricted China continue to land in the region, and cases of hardware theft have also increased significantly. Irkutsk Dealing With Rising Electricity Needs Amid Growing […]

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Russian Association of Power Suppliers Proposes Measures to Prevent Home Mining

Russian Association of Power Suppliers Proposes Measures to Prevent Home MiningThe industry organization of Russian energy suppliers has come up with ideas on how to combat cryptocurrency mining in homes, basements and garages. The association believes the phenomenon is the main issue with mining in Russia as authorities prepare to legalize it. Suppliers Move Against Mining With Cheap Electricity The Russian association of energy suppliers […]

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Kazakhstan Extends Power Cuts for Cryptocurrency Miners

Kazakhstan Extends Power Cuts for Cryptocurrency MinersCrypto farms in Kazakhstan will remain unplugged until Feb. 7, as the local utility has extended power cuts for miners. The company points to ongoing difficulties with electricity supply as the main reason for the measure, which was supposed to expire at the end of January. Mining Facilities in Kazakhstan Still Shut Down Data centers […]

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