A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years. Current corporate cryptocurrency mining generates about 98 million tenge ($230million) annually in Kazakhstan. President of NABDC Alan Dordzhiev issuedAccording to kapital.kz, the following statement has been quoted:

In context, “gray miners” refers to individuals carrying forth their own crypto mining operations — often with disputed legal status. The association So calledIncreased regulation is needed to stop illegal mining and prevent electricity shortages. As per Dordzhiev’s estimates, grey-area miners are responsible for approximately 500MW of the country’s electricity consumption. The Department of Energy of Kazakhstan published an earlier version of this article. ProposedA draft order was created to limit the electricity consumption of the crypto mining sector.