The new law allows miners to consume electricity from the national grid only when there is a surplus, effectively capping the industry’s energy usage. The surplus will be distributed among licensed operators, who will be able to bid for the power. Those miners using renewable energy, imported electricity, or their own energy generation capacity not connected to the grid, will be exempt from this cap.
Kazakhstan's President Signs Legislation to Limit Energy Usage of Crypto Mining
Written by Bankerage Published on February 8, 2023