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. The country’s current digital currency mining activity generates approximately 98 billion Tenge (or $230 million) each year. 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. 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. ProposedDraft order to limit electricity used by cryptomining industry