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Kazakhstan may build nuclear power plant to provide electricity for energy-guzzling Bitcoin mining.

Kazakhstan Mulls Nuclear Power to Deal With Electricity Shortages Blamed on Crypto Miners,  Bitcoin.com, 31 Dec 21,  The government in Kazakhstan is considering building a nuclear power plant to overcome an electricity deficit allegedly caused by the booming crypto mining industry. Problems with power supply are driving away miners that saw the Central Asian country as a new home when China recently cracked down on the industry.

NPP Project Revived Amid Short Supply of Energy for Crypto Mining Sector in Kazakhstan

Authorities in Kazakhstan are now thinking of implementing a decade-old plan to construct a nuclear power plant (NPP) in order to solve the country’s pressing issues with a growing electricity deficit. With capped tariffs and a crypto-friendly attitude, the former Soviet republic attracted a throng of Chinese miners chased away by Beijing’s offensive against the crypto industry launched in May of this year. However, some of them are now leaving the country as their hardware is idling.

Two locations are currently under consideration as potential sites for a nuclear station, Kazakhstan’s Energy Minister Magzum Mirzagaliev revealed this week. These are the village of Ulken in the Alma-Ata region and the city of Kurchatov in the East Kazakhstan region………… https://news.bitcoin.com/kazakhstan-mulls-nuclear-power-to-deal-with-electricity-shortages-blamed-on-crypto-miners/

January 1, 2022 - Posted by | business and costs, Kazakhstan, politics

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