Kazakhstan floats 500% tax increase on Bitcoin miners, leading some to eye relocation

Bitcoin miners in Kazakhstan have faced a rough couple of months of internet blackouts and electricity shortages.

“Gray miners are severely damaging our energy system. Now the energy costs of illegal mining are estimated to exceed 1 gigawatt,” wrote Musin, inviting those aware of unregistered mining operations to send reports to his office. The news comes after the government cut off cryptocurrency miners from electricity for most of January, as the country faced widespread energy shortages and massive protests over rising fuel prices. As those protests raged, the government cut off electricity throughout the country, triggeringWhile internet access has returned, energy remains scarce. Though earlier

mhelal2 Kazakhstan floats 500% tax increase on Bitcoin miners, leading some to eye relocation !

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