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Winter’s Here for Bitcoin Miners in Kazakhstan and Iran as Cold Weather Brings Slowdowns
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Cold weather in some of Bitcoin (BTC) and crypto mining’s hotspots is bringing bad tidings for the industry – with power interruptions experienced in Kazakhstan and the government intervening in Iran.
Per Interfax’s Kazakhstan service, the National Association of Blockchain and Data Centers Industry in Kazakhstan (NABDC) has announced that “several dozen” of its industrial members are “experiencing interruptions” in electricity supplies – rendering a number of data centers “idle for more than a month.”
The NABDC claimed that legal miners in the nation have lost about 300m kWh of electricity since the temperatures began to drop, causing a total “direct loss” of more than USD 9.7m worth of revenue for Kazakhstan’s energy industry.
The body’s
Read more on cryptonews.comAbout this in other media
Spanish MP Asks Government to Take in Fleeing Kazakhstan Bitcoin Miners cryptonews.com /2 years ago
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Bitcoin slips to 3-month low on jitters over Fed policy outlook and unrest in Kazakhstan markets.businessinsider.com /2 years ago
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