Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

[newshunter]

Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate.

Source: Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years

Would appreciate your opinion about this

[Noverteno]

Kazakhstan has always been distinguished by its benevolent attitude towards the mining of cryptocurrency on its territory. Therefore, miners from China even moved to Kazakhstan when their government decided to ban this type of activity there. This activity can become a good source of income for citizens and improve the country's economy. But this requires smart regulation of electricity consumption to reduce abuse in this type of activity.

[TomPluz]

This is good. Now, this is like telling other countries the opportunity in Bitcoin mining and cryptocurrency. I am hoping there can be no problem with the supply of power for miners and they have the way to make things greener and renewable so environmental concerns can be negligible. More power to Kazakhstan.

[Rinat8368834]

Well, this is understandable, because all the miners from China fled to Kazakhstan. And now Kazakhstan will profit from this. I think in vain the Chinese kicked out the miners.