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Kazakhstan Could Earn USD 1.5B from Crypto Mining in 5 Years - Association
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With crypto mining on the rise in Kazakhstan, the country’s economy could benefit from more than USD 1.5bn in revenue from legal mining operations in the next five years, according to estimates by the Kazakh National Association of Blockchain and Data Center Industry.
“If we only talk about the legal market players, data centers receive about USD 310m per year for their services, USD 200m of which is spent on buying electricity from the state,” Alan Dorjiyev, the president of the association, was quoted as saying by the Kazakh edition of Forbes magazine.
To prevent potential electricity shortages, the association has developed proposals on solutions that could eliminate this problem. According to its representatives, reducing crypto
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