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The Bitcoin Network Now Consumes 7 Nuclear Plants Worth of Power
25.8.2020
The SHA256 hashrate that secures the Bitcoin network has grown massively during the last few years, as Bitcoin’s processing power has touched all-time highs in 2020. Moreover, the gigawatts of electrical consumption powering industrial bitcoin mining today consumes as much as seven nuclear...
Bitcoin Mining Facility With Room for 50,000 Rigs Set to Launch in Kazakhstan
21.8.2020
The 180 megawatt facility that will be able to host 50,000 bitcoin mining rigs is set to launch sometime in early September
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
Kazakhstan May Tax Crypto Mining At a Flat-Rate of 15%
6.8.2020
Kazakhstan’s Ministry of the Economy wants to tax crypto mining in an effort to deal with the COVID-19 pandemic
Various Crypto Mining Strategies Underline Industry’s Growth Potential
2.8.2020
PoS mining platforms are gaining traction globally but could use more polishing and real-life testing, according to experts
Kazakhstan Needs National Crypto to Fight Corruption, Says Local Official
21.7.2020
Kazakhstan’s digital tenge has the potential to provide “full transparency in movement of budgetary funds,” chairman at local anti-corruption service says
Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining
10.7.2020
The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States?
Kazakh Gov Plans to Double Its Investment in Digital Currency Mining
1.7.2020
Kazakhstan says it will double its digital currency mining investment at the end of this year, and is eyeing a CBDC
Kazakhstan Seeks to Attract $740 Million Crypto Investment in Three Years
16.6.2020
Kazakhstan is aiming to attract nearly $740 million dollars in investment through various crypto industry-related activities over the next three years
Binance Users Can Now Buy Crypto Using Debit Cards in 5 New Fiat Currencies
10.4.2020
Binance is extending Visa support for crypto purchases using the Colombian peso, South Korean won, Kenyan shilling, Kazakhstani tenge and Peruvian neuvo sol
Gold Investors Are Terrified Central Banks Might Dump Bullion During the Economic Crisis
3.4.2020
Despite what gold bug Peter Schiff says, economists are uncertain that gold will shine during the current coronavirus crisis. While gold and other precious metals have seen decent gains in the last few weeks, a few investors are terrified that central banks will use their flight-to-safety assets...
3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
12.2.2020
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable...
The 11th MINEX Kazakhstan Mining & Exploration Forum Will Be Held in Nur-Sultan
8.2.2020
Endowed with the vast mineral resources, Kazakhstan is the undoubted economic leader in Central Asia. In the last decade, Kazakhstan has made significant efforts for modernising its mining industry by creating agile and sustainable production to meet global demand for metals and minerals. Held...
Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?
18.1.2020
With cheap electricity and friendly regulation, is Central Asia the new promised land for crypto miners?
Blockchain Firm BitFury Partners With UN on Forest Project in Kazakhstan
15.1.2020
Bitfury and the United Nations Development Programme are set to partner on a project to increase Kazakhstan’s forestland and offset carbon emissions
Kazakhstan Won’t Tax Cryptocurrency Mining: Report
4.12.2019
Kazakhstan’s lawmakers won’t be taxing crypto mining until the mined crypto is exchanged for fiat money, a report says
Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan
29.5.2019
Russian police have arrested the alleged creator of a Kazakh crypto pyramid scheme who confessed to illegally crossing the Russian border on horseback
Bitfury Partners With Kazakhstan-Based Financial Hub to Cooperate on Blockchain Projects
21.5.2019
Major global blockchain player Bitfury has partnered with a Kazakhstan-based financial hub to collaborate on blockchain projects