Kazakhstan is keen on a place in mining of a currency

Kazakhstan is becoming an important destination for Bitcoin miners, who choose locations with cheap electricity, whichAfter all, especially after halving, as it lowered their profitability.

According to recent communications, rich in oilThe country of Central Asia expects that by the end of 2020, the total amount of money invested in multi-payment is doubled, and in the course of this, it costs $ 8 a million.

In contrast to other countries of Central Asia, de facto the rule of law has legitimized mining in order to make a long-term allowance.

Recently, the government of Kazakhstanpractices a cryptocurrency-friendly approach, although previously the central bank proposed imposing a general ban on cryptocurrencies. However, even taking into account the positive changes, it is still premature to talk about regulation.

In December, last year, local CMIs reported thatkazaxctanckie zakonodateli ne will oblagat nalogom kpiptovalyutu do tex thresh, poka dobytye ASSETS DO NOT be obmeneny fiatnye nA dengi, tak kak in dannom cluchae mayning paccmatpivatcya budet kak ppedppinimatelckaya deyatelnoct, a ne "chicto texnologichecky At Process".

A draft law approved by the Republic of Kazakhstan andbacked up by Nazarbayev in June of this year, mining is legally legalized, having declared that people who are engaged in digital mining are obligated to inform themselves about their own activities. It is also emphasized that the miners are the rightful owners of digital assets, which they produce.

Crypto-Mining Maker XiveDidar Beckbauow, a provider of hosting services for large international miners, who had already worked in the Hive Blockchain, stated that there was a non-smoker

«The bill states that minersmust report to the government about their activities. But no one knows how this will happen in practice. Apart from this, there is no regulation.

According to Bekbauwow, the main players inKazakhstan is a foreign company from China, Japan and “other Asian countries”. Also here is the international cloud-cover mining company Genesis Mining, a short housing is located in a few countries, and a small room is located.

«Professional miners work here,private funds, private investors,” said Bekbauov. — The arrival of foreign companies does not complicate the work of local miners, since there is an excess of electricity in Kazakhstan.

Accordingly, the most attractive momentfor miners, there is not a normative-legal base, which remains undetermined, and, in short, anomalously low tariffs for electricity. As of December 2019, the price for electricity in Kazakhstan was $ 0.041 per kilowatt-hour for household utilities and $ 0.049 for enterprises. In comparison, the average price for electricity in the United States is $ 0.14.

Along with a lot of cheap electric power,Kazakhstan favorably allocates a geographic location and an attractive climate. Plus, the country is not far from China, therefore, it is convenient for the miners to transport the equipment there to give them a second life, saving energy.

According to the bitcoin mining card, developedThe Cambridge Center for Alternative Finances at the School of Judicial Affairs at the University of Cambridge, at the same time take over the city. Bo vtopom kvaptale 2020 goda mayning in Kazaxctane zanimal okolo 6.17% From cpednemecyachnogo xeshpeyta bitkoyna nA tpetem mecte naxodilac Pocciya (6.9%) nA vtopom - CSHA (7,24%), a Kitay ppodolzhaet octavatcya bezuclovnym lidepom (bolee 65%).

Vice-President of the mining pool Poolin Aleksandro De La Toppe believes that under certain conditions Kazakhstan may enter the three leaders.

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