Kazakhstan eyes mining encryption to update power plants in Central Asia

Tldr

• Kazakhstan operates encryption mining to enhance the power network.
• The mining sector flourishes with new bases, exceeding $ 34.6 million of taxes.
• Oil gas gets a second life – inverted in power for encryption farms.
• The encryption trade reaches $ 1.4 billion as Kazakhstan eyes in the country.
• Blockchain feeds Kazakhstan for energy and financial repair.

Kazakhstan plans to use encryption mining to enhance its power system and enhance revenues from unused resources. The country aims to update the thermal power plants of aging through an organized model 70/30 that includes foreign partnerships. Crypto continues to form digital Kazakhstan and energy strategies, linking Blockchain infrastructure with national energy repairs.

Kazakhstan launches energy repair with the integration of encryption mining

The government will direct 70 % of the newly created energy to the national network and allocate 30 % Exaggeration of encryption. This method will help install the network during low -order periods while enhancing energy efficiency. Officials He says Expatriate miners can work flexibly and support energy distribution with the demand balance in actual time.

By taking advantage of digital mining, Kazakhstan expects to convert excess or lost energy to economic production by processing data. The model reflects the strategies used in countries like the United States, where mining farms absorb excess electricity. Kazakhstan believes that this approach can update power plants with increased network reliability and reduce losses.

The Ministry of Digital Development coordinates efforts to convert the associated oil gas into electricity to mining farms. This solution treats gas while generating energy for encryption operations near the main oil fields. The authorities argue that this will reduce environmental damage and create a new revenue path for oil producers.

Crypting mining sector records amid new regulations

Since 2023, Kazakhstan has registered 415,000 mining devices and grants 84 operating licenses. Five mining gatherings have been approved, and no more than three operating under the regulatory control of the digital ministry. These developments reflect an organized approach to management Exaggeration of encryption The rapid growth of the sector.

Over the past three years, the sector has added $ 34.6 million of tax contributions, indicating economic capabilities despite previous criticism. Officials aim to expand the organizational base while reducing illegal operations and improving data transparency. The enforcement procedures have already closed 36 unauthorized encryption exchanges, and the freezing of millions of assets.

The authorities discovered that miners have passed the electricity suppliers subject to the organization instead of determining energy from auctions and importing from Russia. A recent review revealed this Expatriate miners It consumed 901 million kilowatts, at a value of $ 25.5 million. With the high energy demand, Kazakhstan intends to regulate access and enhance the distribution of fair energy within the ecosystem for mining.

The expansion of the transmission of encryption may increase the budget revenues

AIFC’s encryption trade jumped from $ 324.2 million in 2023 to $ 1.4 billion in 2024. Despite this growth, officials confirmed that 91.5 % of encryption transactions are still outside the organizational framework. The ministry is now proposing to expand the rules of coding trading outside AIFC to capture this activity from the gray area.

By legitimizing the trading of encryption worldwide, the government makes projects of up to 190 billion ting in new annual revenues through a 10 % tax. These funds can support major infrastructure such as schools and hospitals throughout the country. The Ministry stresses the importance of transparency through the exchanges of organization and encrypted ATMs.

Officials emphasize the need to cooperate with the National Bank and the financial organizers to implement these reforms. Kazakhstan also provided the Teng Digital Project, which has released 250 billion ting to improve the budget tracking. With these joint efforts, Crypto is still essential in Kazakhstan’s economic and technological strategy.