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Kazakhstan proposes power price hikes and taxes targeting crypto miners -Breaking

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Kazakh officials are looking at a proposal that would make crypto-miners in Kazakhstan pay more to operate there.

On Feb. 4, Kazakhstan’s First Vice Minister of Finance, Marat Sultangaziyev, ProposedA price hike from $0.0023 to $0.01 per Kwh (about a 335% rise) was proposed specifically for crypto miners. A tax would be added to each graphics card and piece of equipment used for crypto mining. The tax-per-videocard could be compared to how casinos tax each table that they operate, regardless of whether the table is actively used.