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Bitcoin miners in Kazakhstan will rely on government building new nuclear power plant

Kazakhstan bitcoin miners could use nuclear energy as gov’t might build power plant, Kazakhstan’s government is discussing a plan to build a nuclear power plant, which might boost the country’s Bitcoin (BTC) and crypto mining industries in the long run. Micky.com By Jet Encila -January 2, 2022…….. construction might take up to 10 years……..

Since September’s crackdown, an estimated 88,000 mining rigs have been smuggled across the border from China, increasing electricity demand in many places, based on multiple sources.

Not only in Central Asia, but also in the United States and Europe, the cooperation between mining and nuclear energy providers is deepening. 

In the United States, a handful of miners have already begun getting power from nuclear reactors, while in Ukraine, the national nuclear energy supplier has been collaborating with miners at Europe’s largest nuclear plants in an attempt to mitigate financial losses.
https://micky.com.au/kazakhstan-bitcoin-miners-could-use-nuclear-energy-as-govt-might-build-power-plant/

January 3, 2022 - Posted by | business and costs, Kazakhstan, politics

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