crypto mining order

The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid. The order published by the country’s Minister of Digital Development earlier this week compels digital mining businesses to provide comprehensive information 30 days before starting operations. The electricity consumption and “technical specifications” for connection to the power grid must be provided before commencing operations. The amount and type of mining equipment used, the customs cargo declarations for that equipment and any investments planned for the next 12 months must also be included. Kazakhstan was flooded with an influx of crypto miners after the Chinese government cracked down on the p...