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Will Kazakhstan's booming cryptocurrency mining industry be a boon or a danger for the environment?


Will Kazakhstan’s booming cryptocurrency mining industry be a boon or a danger for the environment?
Lake Kapchagay, an artificial lake in southern Kazakhstan, is a popular destination for local tourists. In addition to a large dam, this small town is now home to an energy-intensive bitcoin mining farm.
(Danara Ismetova
)
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Lake Kapchagay, an artificial lake in southern Kazakhstan, is a popular destination for local tourists. In addition to a large dam, this small town is now home to an energy-intensive bitcoin mining farm.
(Danara Ismetova
)
At a cost of only US$0.04 a kWh, electricity rates in Kazakhstan are among the cheapest in the world. The promise of saving on energy costs is attracting more and more cryptocurrency mining companies, whose energy-intensive activities leave a large carbon footprint. French companies like BigBlock Datacenter, which failed to sustain its business in Ukraine due to political instability and rising e ....

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