The energy crisis in Kazakhstan forced the authorities to turn off electricity to mining centers until early February.
On January 25, the transit line of Kazakhstan could not withstand overloads. Half of the countries of Central Asia were left without electricity. The situation has already been corrected and power supply has been restored. But the threat of another shutdown remains.
The authorities cut off power supplies to data centers registered in Kazakhstan from January 24 to January 31. The Electricity Grid Operating Company (KEGOC) sent out 196 official notices, and attributed the outage to increased resource consumption and the inability to maintain power.
However, the head of the Blockchain and Mining Industry Association, Alan Dordzhiev, is confident that cryptocurrency mining does not affect power outages. The reason lies in the deterioration of outdated stations and power networks, which do not allow maintaining the required power.
A week-long Internet outage at the beginning of the month led to a record drop in Bitcoin hashrate. Now local miners are again in a critical situation. After attempts to limit the supply of energy to mining centers in September, businesses began to leave the country. Recent events will speed up the process, and Kazakhstan may lose its status as the leader in Bitcoin hashrate.
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