News on November 24, according to coindesk report. Cryptocurrency mining company Xive told CoinDesk on Wednesday that due to the lack of sufficient power supply from the national grid.
Xive shut down 2,500 mining machines located in southern Kazakhstan. Said Didar Bekbau, co-founder of Xive. Xive is preparing a new site for more than 2500 machines, but “it is clear that mining in southern Kazakhstan is no longer possible.”
According to data from the Bitcoin Power Consumption Index of the University of Cambridge Alternative Finance Centre. As of August, Kazakhstan is the second largest cryptocurrency mining country in the world. Second only to the United States.