Kazakhstan's Cryptocurrency Miners Face Shutdown Threat as Energy Prices Soar

Cryptocurrency miners in Kazakhstan are facing a significant challenge as energy prices surge, threatening the viability of their operations. Several prominent mining companies, including BCD Company and AI Solutions, have written an open letter to President Kassym-Jomart Tokayev, expressing their concerns and warning of the potential collapse of the industry. The key issue addressed in the letter is the rising energy tariffs, which are making cryptocurrency mining increasingly unprofitable in Kazakhstan. Miners warn that if the current situation continues, they will be forced to halt...

source: https://tokenpost.com/Cryptocurrency-Miners-in-Kazakhstan-Grapple-with-Mounting-Energy-Costs-Eyeing-Potential-Exodus-10764

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