Legal players in Kazakhstan\u2019s mining market have removed from the country about 30% of the equipment placed there. ForkLog quoted Alan Dordzhiev, head of the National Association of Blockchain and Data-Center Industry of Kazakhstan.<\/p>\n
According to him, the relocation of miners was influenced by power-supply problems and forthcoming amendments to legislation to raise taxes.<\/p>\n
As revealed in documents prepared by Kazakhstan\u2019s Majilis (in ForkLog\u2019s possession), deputies propose the following taxation for miners:<\/p>\n
Dordzhiev noted that partly due to ambiguous government decisions, Kazakhstan is becoming an unattractive jurisdiction for the mining business. He also forecasts that the country will lose its leading positions<\/a> in terms of the amount of computing power in the Bitcoin network.<\/p>\n Earlier, due to energy shortages, authorities ordered to limit miners<\/a>. Since the end of January they have completely stopped supplying electricity<\/a>.<\/p>\n Later, President Kassym-Jomart Tokayev ordered raising the tax on cryptocurrency mining<\/a> and to identify illegal miners. Authorities have already begun shutting down<\/a> such mining farms.<\/p>\n Miners are not only relocating but also reconsidering their plans to operate in Kazakhstan. BIT Mining Limited renounced plans<\/a> to build a data centre for cryptocurrency mining in the country.<\/p>\n