How the bitcoin mining, power outages in Kazakhstan is hurting miners
Companies, agencies, institutions, etc
the Cambridge Centre for Alternative Finance
Xive
People
Bekbau
CoinDesk
Groups
Chinese
Physical locations
No matching tags
Places
No matching tags
Locations
Kazakhstan
US
China
Japan
Singapore
Bekbau
New York
Nebraska
Texas
week."For
Events
No matching tags
Summary
Didar Bekbau, the cofounder of Xive, a bitcoin-mining operation, says one of the main reasons for the electricity supply shortage was the influx of Chinese miners who relocated to Kazakhstan in July after China restricted crypto mining. As for Xive's locations in Kazakhstan, Bekbau said the government will need to improve the power grid and explore renewable energy options, something the country is looking into.
As said here by Laila Maidan