Kazakhstan Bitcoin Miners To Turn Their Luck Around?
The proposed tax for bitcoin mining operations in this country may be sustainable for miners. However, it may be a short-term solution that enables these companies to return online.
The country has gone from a profitable investment for early BTC miners to an operational nightmare. According to Wired, as of January 2022, most of Kazakhstan's miners were at a loss.
Arken Research data records a loss of $ 4.8 million per hour as these miners stay offline. The country has about 90,000 mining equipment, which is close to 8% of Kazakhstan's electrical capacity.
Getting started on steem can be super hard on these social platforms 😪 but luckily there is some communities that help support the little guy 😊, you might like school of minnows, we join forces with lots of other small accounts to help each other grow!
Finally a good curation trail that helps its users achieve rapid growth, its fun on a bun! check it out. https://plug.sh/somlanding/