Another Headache for Bitcoin Miners in Central Asia

Three of the Central Asian countries – Kazakhstan, Uzbekistan, and Kyrgyzstan – were affected by a blackout after Kazakhstan’s North-South power line was disconnected due to “emergency imbalances”.

- Advertisement -

However, Kazakhstan has blocked companies mining cryptocurrencies from January 24 to January 31, a spokesman for state-owned grid operator KEGOC said, according to Bloomberg.

The power supply in Uzbekistan and Kazakhstan was restored on Tuesday.

According to KEGOC, the problem started after a major power line connecting southern Kazakhstan and its two neighbors to large power plants in northern Kazakhstan, and the Russian grid was disconnected, leaving millions of people without power.

“As a result of a major accident in the power grids of the Republic of Kazakhstan, there was a power outage in the cities of (southern Kazakhstan’s) Almaty, Shymkent, Taras, Turkestan (regions) and neighboring regions,” Uzbekistan’s Energy Ministry said.

- Advertisement -

After the ”China Ban” on Bitcoin Miners, most of them have fled to Kazakhstan and Texas, USA.

Previous Articles:

- Advertisement -

Latest News

Ethereum Whales Accumulate $862M: Is a Major Price Surge Ahead?

Large Ethereum holders, known as whales, purchased $862 million in ETH within six hours. Ten...

Ohio Approves Crypto Payments for State Fees, Eyes Bitcoin Reserve

Ohio will allow cryptocurrency payments for state fees and services following a unanimous board...

Gate Launches Ethereum-Compatible Layer 2, Revamps GT Token

Gate has introduced Gate Layer, a new Layer 2 blockchain to raise transaction speeds...

FalconX Launches First Forward Rate Contracts for Ethereum Staking

FalconX completed the first forward rate agreements based on the Treehouse Ethereum Staking Rate. The...

Oracle to Operate TikTok US Algorithm as Takeover Deal Nears Completion

A potential agreement is nearing that would move control of TikTok’s U.S. operations to...
- Advertisement -

Must Read

Ethereum Hosting: TOP 10 Companies to Buy Hosting With Ethereum

If you are looking for Ethereum Hosting, you've hit the jackpot. In this article, we will present the 10 Best companies to buy hosting...