Re:Kazakhstan to restrict crypto miners amid power shortages
by latchkey on Wednesday November 03, 2021 @02:12PM
(#29098347)
> China banned mining. Chinese miners moved to Kazakhstan. Now Kazakhstan is having power shortages.
We wouldn't be reading about power shortages at all if 3 major power plants didn't go offline.
Re:Kazakhstan to restrict crypto miners amid power shortages
by malermeister on Wednesday November 03, 2021 @04:17PM
(#29099731)
We also wouldn't be reading about them if crypto people didnt increase power draw by 7%.
And:
> "We have seen that our [country's] electricity consumption has literally increased by 7 percent in one year. That's a very big increase," Energy Minister Magzum Mirzagaliyev said on September 30, noting that consumption usually grows by about 2 percent per annum.
> Mirzagaliyev linked the demand to mining and proposed the government limit supplies of electricity to 1 MW per mining farm and to 100 MW for the whole sector.
Where's the mystery here? Again, hopefully for the last time: China banned mining. Chinese miners moved to Kazakhstan. Now Kazakhstan is having power shortages.