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. Alan Dordzhiev is the President of the NABDC. 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. Association CalledTo prevent an electricity shortage, there should be more regulation of illegal mining. According to Dordzhiev, the country’s grey area miners use approximately 500 MW electricity. 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.