Kazakhstan Might Face Energy Crisis Because of Cryptocurrency Mining

salvadormartin
2022-10-27 07:03:06

According to LS local news outlet, a single mining farm consumes about 3.6 million kWt per month, which is equivalent to the power consumption of 24 thousand homes. The problem is that the country does not have that much capacity, so power outages and shortages can occur. To offset the consumption of cryptocurrency mining, Kazakhstan would need to build power plants with a capacity of at least 1,000 KWt. 

anabellcortess
2022-10-27 07:13:55
Besides raising the price of electricity they can also ban Cryptocurrency mining, mining should only be for countries with abundance and enough power resources, the ordinary household will suffer from outages and high electricity the government of Kazakhstan must do either of the two.