In an open letter to President Kassym-Jomart Tokayev, Kazakhstan-based digital asset miners, including eight major entities, urgently request a decrease in energy prices. They warn of industry-wide dessertion caused by untenable fees and increasing operational challenges, threatening an extinction of the country’s thriving mining ecosystem.
Search Results for: BCD Company
Kazakhstan’s Crypto Woes: Mining Dilemmas and National Resource Strains
“Crypto miners in Kazakhstan, the third-largest global market for Bitcoin mining hash rate, warn of extinction due to high energy prices. This situation highlights the balance between promoting growth in the crypto industry and its role in contributing to national resources and taxes.”