{"id":372044,"date":"2021-11-25T04:16:53","date_gmt":"2021-11-25T01:16:53","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-mining-power-crunch-kazakhstan-looks-toward-nuclear-solution\/"},"modified":"2021-11-25T04:16:53","modified_gmt":"2021-11-25T01:16:53","slug":"bitcoin-mining-power-crunch-kazakhstan-looks-toward-nuclear-solution","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-mining-power-crunch-kazakhstan-looks-toward-nuclear-solution\/","title":{"rendered":"# Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution"},"content":{"rendered":"

“# Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution <\/strong>”
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The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country\u2019s president has proposed solving with nuclear energy.<\/p>\n

Kazakhstan\u2019s Ministry of Energy has attributed<\/a> the 8% increase in domestic electricity consumption throughout 2021 to Bitcoin miners. The country received at least 87,849 Bitcoin mining machines from Chinese companies so far this year following China\u2019s crackdown on crypto mining, according to data from the Financial Times<\/a>. <\/p>\n

The substantial increase in demand has led to a deficit in the domestic power supply and contributed to unreliable electricity services, according<\/a> to the Kazakhstan Electricity Grid Operating Company. President Tokayev told bankers at a Nov. 19 meeting<\/a> that he thinks building a nuclear power plant will help ease the stress on his country\u2019s electrical infrastructure:<\/p>\n

\u201cLooking into the future, we will have to make an unpopular decision about the construction of a nuclear power plant.\u201d<\/p><\/blockquote>\n

While Tokayev did not connect the proposal to Bitcoin mining power use, failing to keep miners in the country could jeopardize the estimated $1.58 billion in tax revenue those miners represent. Power shortages have already forced Bitcoin mining marketplace Xive to leave Kazakhstan. Didar Bekbau, co-founder of Xive, said in a Nov. 25 tweet<\/a> that he had to shut down his company\u2019s mining farm due to \u201crestricted electricity supply from the grid.\u201d<\/p>\n

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Little sad to shut down our mining farm in south KZ. Last container is ready to be sent. So much work, people, hopes are ruined. Country risk played out pic.twitter.com\/J8ZMg6GeUI<\/a><\/p>\n

\u2014 Didar (@didar_bekbau) November 24, 2021<\/a><\/p><\/blockquote>\n