Opinion: Ukraine and Kazakhstan may enter the list of the largest bitcoin miners

The cooperation for the control of the inducement of mining is growing.Ukraine and Kazakhstan haveevery chance to enter theA list of countries with a high share of Bitcoin hashrate.

Competition in the mining world is increasing as cryptocurrencies grow in popularity.To this day, China remains a central player in cryptocurrency miningHowever, regulatory uncertainty and intensifying repression of the mining industry reduceChina's popularity.

The process of mining digital assets is "extremelycapital-intensive, ”according to Taras Kulik, vice president of business development at Core Scientific, which means that it requires long-term stability for payback. In China, power thefts and control problems over capital are making the situation unstable, forcing operators to cut capital costs or change jurisdictions.

According to Kulik, against the background of such instability in China, Iran, Ukraine, Canada and Kazakhstan are winning.

These countries see mining as an opportunity to revive their outdated economies and attract large foreign capital. 

For example, there are already 14 operating mining farms in Kazakhstan, which bringAnd in August, it became known about the construction of the largest data center for mining in the CIS, which will attract$738 million in investments in cryptocurrencies and mining. 

Ukraine has also joined the development of the mining industry - the Ukrainian nuclear power industry is being repurposed for cryptocurrency mining.The country is preparing a legislative framework for the legalization of the crypto industry.attract miners and increase the share of bitcoin hashrate.

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