April 20, 2024

Kazaxstan invoice for mining development $ 700 million

The new Minister of Digital Development of Kazakhstan Bagdat Musin said that the country is already leadingProgress on the Implementation of Larger Investmentsfor an amount of more than $ 700 million for the development of the cryptocurrency mining sector.

hearings in Senate in mid-June. Former Minister of Digital Development, Innovation and Aerospace Industry of "Akkap Zhumagaliev told that the government has come to the conclusion that it is more common for life.

At that moment, Kazakhstan has already had 14 cryptocurrency mining farms, which in a few years have attracted about $ 200 million in investments. Fortunately, the country is trying to double the investment.

According to Reuters, the newly appointed MinisterBagdat Mucin naxoditcya in ppotsecce pepegovopov Ob uvelichenii macshtabnyx invectitsy cvyshe $ 700 million. Clovam Po ego, "nA cegodnyashny den ect ppedvapitelnye dogovoponnocti o ppivlechenii invectitsy nA ACTUALLY Z00 milliapdov tenge", and On Time in nactoyaschee ctpane ctpoyatcya escho chetype mayningovye fepmy.

Trying to increase the profit from the extraction even moreCryptocurrency, the Central Asian country has submitted plans for the introduction of a fixed-tax sector for this purpose, which will make it even more green for this

Data provided by the toolThe Cambridge University for tracking the mining of BTC The Bitcoin Mining Map, indicate that Kazaxstan already answers for a significant part of the global bitcoin hashrate.

Today, the country takes the fourth place in the list with more than 6% of the hashrate, giving over to the indispensable leader China (65%), the USA (7.2%) and Russia (6.9%).

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The global bitcoin hashrate. Source: Cambridge University.

If the sound investments come to the country inover the next three years, Kazaxstan will indeed be able to take its place in the top three. However, the supply of taps for electricity in China invites the miner to choose more advantageous locations and, first of all, in the same country, where the electric power supply goes

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