The power was stolen for billions – so the Kazakh Cryptomafy fell

The Kazakh authorities A huge, illegal crypto-mining operation in the Eastern Kazachstan region was eradicated that consumed the amount of electricity that covered the energy supply of a medium-sized city (50-70 thousand people). According to researchers, the network has deposited energy from houses, hospitals and strategic factories with the help of corrupt employees of utilities. Instead, the energy focused on hidden facilities, Where cryptocurrency was mined.

Authorities estimate that miners used more than 50 megawatt electricity, worth around 9 billion tens (5.5 billion forint). According to the authorities, the profit of the illegal operation was used by the perpetrators to buy two luxury apartments in the capital and at least four cars, which have now been seized for the duration of the legal proceedings. The research showed that the entire network, from employees from corrupt utilities to real estate for money laundering.

Kazakhstan is no longer as friendly with crypto -my workers as before

It is not surprising that the news, given that Kazakhstan became a worldwide crypto mining center after China forbade cryptobic mines in 2021. Initially, the inflow from China was also welcomed at state level because of the economic potential. However, the tax on the national electricity network soon became clear, what He led the government to introduce strict rules. According to these, miners must buy electricity through the state market, up to one megawatt hour per transaction. According to the Digital Devices Act, Computerization and Changes in certain legislation (Act No 194-II), digital miners can only buy electricity through a State platform, namely the platform of the Ministry of Energy.

The current case, however, has shown that many energy companies have provided illegally energy for Cryptob miners for two consecutive years instead of population and strategically important companies. In addition. The East Kazakhstan case is part of a broader regional initiative against unauthorized crypto -mining. The Russian regulatory authorities have set up national data for Crypttobe Mining Equipment and promised stricter action against those involved in illegal mining activities.

The once favorable mining environment of Kazakhstan deteriorated considerably, which resulted in the departure of more and more miners. Due to the changing situation of regulatory and operational uncertainty, BTC-Mining Canana, the newest company left the Central Asian country, has left. Currently, the United States is the most given worldwide of Bitcoin Hashrates, almost 40%. Kazakhstan is still in third place with a share of 13%. In the top five, China is still there with Canada and Russia.