KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

Now about 46% of bitcoins in the world ranking are mined in China, although two years ago it was the leader - it mined over 75%. It was stated by the CNBC, which referred to a study conducted by the University of Cambridge.

Neighboring Kazakhstan was able to improve its results - it increased production by 6 times- from 1.4% to 8.2%.

The United States of America increased mining from 4.1% to 16.8% and moved up to the second position. Kazakhstan is in third place, Russia and Iran are the fourth and the fifth, respectively.

China is losing its leading position due to the position of local authorities, as the industry is under great pressure. Therefore, the miners hurried to reorient themselves and began to actively conduct their mining business in Kazakhstan - there are over 22 GW of electricity. It is produced by coal and gas stations.

We should recall that the People's Bank of the Celestial Empire issued a decree according to which financial institutions cannot conduct business that interacts with virtual currency.

In addition, it takes a categorical position regarding the speculative trading of cryptocurrencies. Chinese authorities banned the operation of mining centers in 5 provinces.

In early summer, the territorial office turned to the Alipay payment system to prevent it from performing operations related to crypto trading.