Re:Kosovo bans cryptocurrency mining to save electricity
by Mindwipe on Wednesday January 05, 2022 @10:30AM
(#29810157)
Russia causing fuel instability to attack the Ukraine is a bigger factor than crypto farming I expect.
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Re:Kosovo bans cryptocurrency mining to save electricity
by dilyevsky on Wednesday January 05, 2022 @12:50PM
(#29812349)
I think it would be very difficult for anyone to force Kazakhstan regime to increase gas prices by 3x considering they are their own producer
Re:Kosovo bans cryptocurrency mining to save electricity
by Mindwipe on Thursday January 06, 2022 @10:21AM
(#29824606)
I didn't say that anyone was trying, but ultimately even as a producer if your export market suddenly increases pricing by 3x, the local producers have very little incentive to distribute locally rather than exporting, which will knock domestic pricing too. And the heads of the fuel companies in Kazakhstan are not the people protesting on the streets and bringing down the government.
Re:Kosovo bans cryptocurrency mining to save electricity
by coolspot on Wednesday January 05, 2022 @12:27PM
(#29811945)
I do not see how Russia benefits from the fall of Kazakhstan regime.
Re:Kosovo bans cryptocurrency mining to save electricity
by Mindwipe on Thursday January 06, 2022 @10:13AM
(#29824481)
They don't, it's an unexpected side effect of putting pressure on Eastern Europe and the Ukraine. I imagine Putin expected Kazakhstan to be able to manage this internally better than they have, and are now very concerned. It's something of a nightmare scenario for them.