• Login
Crypto Newsmart
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE
No Result
View All Result
Crypto Newsmart
No Result
View All Result

Crypto Miner Xive Shuts Down South Kazakhstan

in Crypto Updates
Reading Time: 2 mins read
Crypto Miner Xive Shuts Down South Kazakhstan Mine Due to Electricity Woes
16
VIEWS
Share on Facebook

Crypto mining company Xive shut down a 2,500 rig mine in South Kazakhstan due to lack of sufficient electricity supply from the national grid, co-founder Didar Bekbau told CoinDesk on Wednesday.

  • Kazakhstan has been grappling with electricity shortages, partly caused by an influx of crypto miners from China. The southern part of the country is particularly vulnerable as the region lacks abundant electricity generating plants and the national grid cannot reliably transfer electricity from the energy-rich northern region.
  • Crypto miners, like Xive and Enegix, have been facing electricity issues since September due to rationing from KEGOC, the national grid operator. KEGOC did not immediately respond to a request for comment.
  • Xive is preparing a new site for the over 2,500 machines, but “it is clear that mining in south Kazakhstan is not possible anymore,” Bekbau told CoinDesk.
  • Other miners in south Kazakhstan are also looking for hosting sites to move their machines, but there are “no options” left in the country,” he said. Some have found hosts for their mines in Russia and the U.S., he added.
  • Last month, the Ministry of Energy released a draft regulation that would cap the buildout of new mines to 100 megawatts. The ministry later said that they would not restrict electricity to lawful mines, as long as it does not jeopardize the national grid.
  • Recently, the government said that it wants to encourage crypto miners to develop independent renewable energy capacity. The industry hopes that after Kazakhstan expands its renewable electricity capacity in the next one-two years, the limit might change, Sapar Akhmetov, chairman of the board of the Kazakhstan Association of Blockchain Technology told CoinDesk.
  • As of August, Kazakhstan is the world’s second-largest crypto mining country, after the U.S., according to data from the Bitcoin Electricity Consumption Index by the Center for Alternative Finance at the University of Cambridge.
  • Bekbau tweeted a video early on Nov. 24 of the last rigs being moved out of the mine.

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

— Didar (@didar_bekbau) November 24, 2021

Read more: Kazakhstan’s Crypto Miners Face New Regulations After Contributing to Power Shortages

 

Next Article: Cryptocurrency Scams and how to avoid them
Next Article: Cryptocurrency  For Dummies
Next Article: What is Ethereum ?

Source link


  • Trending
  • Comments
  • Latest
Expert Bitcoin Price Predictions: From K to K in 2023, and Beyond

Expert Bitcoin Price Predictions: From $20K to $38K in 2023

1 February 2023
How Investigators Trace Crypto Criminals?

How Investigators Trace Crypto Criminals?

30 January 2023
How to trade cryptocurrency on Coinbase

How to trade cryptocurrency on Coinbase

31 January 2023
MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain

MoneyGram Partners With Circle To Enable USDC Cross-Border Stablecoin Transactions on Stellar (XLM) Blockchain

2 February 2023
How to trade cryptocurrency on Binance

How to trade cryptocurrency on Binance

27 January 2023
Sberbank Cover 1024x538 1

Russia’s Largest Bank to Launch Ethereum-Compatible DeFi Platform

5 February 2023
upload 7d22bc5d7be9c0d5d8f50161734559ae

KZG Ceremony Grant Round | Ethereum Foundation Blog

5 February 2023
Article Post Images 23

Bitcoin (BTC) Price to Surge 8x If This Scenario Plays Out – Here’s How and When

5 February 2023
crypto hacking

Hackers Stole $3.8 Billion From Crypto Firms in 2022, Says Chainalysis – Featured Bitcoin News

4 February 2023
ripple sec lawsuit

Ripple Vs SEC Update: Latest Hearing Offers Hope, XRP Gains Upper Hand

3 February 2023

  • Home
  • Disclaimer
  • Privacy Policy
  • Digital Millennium Copyright Act Policy (DMCA)
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
CRYPTO NEWSMART

Copyright © 2021 Crypto Newsmart.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • ALTCOIN
    • ETEREUM
    • NFT’s
    • CRYPTO PRICE ANALYSIS
  • LEARN CRYPTO
  • CRYPTO EXCHANGES
  • BLOCKCHAIN
  • MINING
  • SCAM ALERT
  • PRESS RELEASE

Copyright © 2021 Crypto Newsmart.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)€21,122.50-2.51%
    BITCOIN
    24H : -2.51%
    Volume : €26,249,257,288.99
    Marketcap : €407,266,645,203.14
  • ethereumEthereum(ETH)€1,507.46-2.45%
    ETHEREUM
    24H : -2.45%
    Volume : €7,763,979,970.29
    Marketcap : €181,574,132,770.83
  • usdex-stablecoinUSDEX(USDEX)€0.995-0.96%
    USDEX
    24H : -0.96%
    Volume : €118,440.27
    Marketcap : €102,881,883,688.82
  • tetherTether(USDT)€0.9270.080%
    TETHER
    24H : 0.080%
    Volume : €35,325,365,367.98
    Marketcap : €63,158,621,946.84
  • binancecoinBNB(BNB)€299.57-2.77%
    BNB
    24H : -2.77%
    Volume : €80,877,460.25
    Marketcap : €40,448,299,718.05
  • usd-coinUSD Coin(USDC)€0.9270.080%
    USD COIN
    24H : 0.080%
    Volume : €2,554,540,438.99
    Marketcap : €38,895,626,329.98
  • rippleXRP(XRP)€0.371-2.49%
    XRP
    24H : -2.49%
    Volume : €927,714,976.86
    Marketcap : €18,849,271,403.18
  • binance-usdBinance USD(BUSD)€0.9270.070%
    BINANCE USD
    24H : 0.070%
    Volume : €8,710,581,814.64
    Marketcap : €15,087,722,882.86
  • cardanoCardano(ADA)€0.363-1.97%
    CARDANO
    24H : -1.97%
    Volume : €354,026,297.09
    Marketcap : €12,720,247,710.32
  • dogecoinDogecoin(DOGE)€0.085-3.60%
    DOGECOIN
    24H : -3.60%
    Volume : €863,029,519.28
    Marketcap : €11,762,343,470.70
  • okbOKB(OKB)€41.161.30%
    OKB
    24H : 1.30%
    Volume : €24,922,467.51
    Marketcap : €10,140,738,721.15
  • matic-networkPolygon(MATIC)€1.10-4.30%
    POLYGON
    24H : -4.30%
    Volume : €572,703,068.30
    Marketcap : €9,892,693,554.12
  • solanaSolana(SOL)€21.49-4.99%
    SOLANA
    24H : -4.99%
    Volume : €639,434,393.83
    Marketcap : €8,006,706,036.98
  • shiba-inuShiba Inu(SHIB)€0.000014-2.82%
    SHIBA INU
    24H : -2.82%
    Volume : €974,191,113.18
    Marketcap : €7,948,818,897.12
  • staked-etherLido Staked Ether(STETH)€1,502.81-2.44%
    LIDO STAKED ETHER
    24H : -2.44%
    Volume : €12,591,334.00
    Marketcap : €7,599,649,678.54
  • polkadotPolkadot(DOT)€6.17-2.95%
    POLKADOT
    24H : -2.95%
    Volume : €249,316,864.52
    Marketcap : €7,401,483,066.72
  • litecoinLitecoin(LTC)€89.01-2.57%
    LITECOIN
    24H : -2.57%
    Volume : €485,156,726.23
    Marketcap : €6,422,052,891.71
  • avalanche-2Avalanche(AVAX)€18.41-5.14%
    AVALANCHE
    24H : -5.14%
    Volume : €332,071,298.97
    Marketcap : €5,794,868,641.56
  • tronTRON(TRX)€0.059-1.82%
    TRON
    24H : -1.82%
    Volume : €475,440,641.57
    Marketcap : €5,382,411,552.27
  • uniswapUniswap(UNI)€6.31-6.15%
    UNISWAP
    24H : -6.15%
    Volume : €142,375,938.96
    Marketcap : €4,750,889,810.54
Manage Cookie Consent

We use cookies to optimise our website and our service.

Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
Preferences
{title} {title} {title}