您现在的位置是:Kazakhstan mining tax signed into law >>正文
Kazakhstan mining tax signed into law
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛94人已围观
简介Bitcoin miners have recently flocked into Kazakhstan after China began a major crackdown on crypto m...
Bitcoin miners have recently flocked into Kazakhstan after China began a major crackdown on crypto mining and trading.
Bitcoin mining machines use electricity to create new coins
Kazakhstan will tax cryptocurrency mining activities beginning 2022, the government has officially announced.
Early last month, lawmakers proposed amendments to the country’s Tax Code to introduce a tax fee per kilowatt-hour of electricity consumed by crypto miners. The proposal was for mining farms to pay one tenge per kW/h starting 1 January 2022.
Kazakhstani president Kassym-Jomart Tokayev has now signed the adopted crypto amendments into law, bringing into effect the measures authorities hope will add to the country’s income as well as check on uncontrolled electricity consumption.
Cheap electricity pulls miners to Kazakhstan
The availability of cheap electricity in Kazakhstan has attracted several miners fleeing the Chinese market over the past few months. Electricity tariffs see miners pay $0.03-0.04 per kWh in Kazakhstan, cheaper than most other destinations.
On average, electricity costs in China sit around $0.08 per KWh, while it’s $0.09-$0.12 in the United States. In Russia, it is $0.06 per kWh, but a not-so-friendly regulatory environment means it’s not as attractive to foreign companies.
That explains why two of the world’s largest mining equipment makers in Bitmain and Canaan have moved to explore the Kazakhstani crypto mining sector. The companies have delivered several batches of mining machines to customers in the country and are weighing the possibilities of delivering thousands more.
Kazakhstan’s move to tax cryptocurrency miners sees it join Iran, which instituted mining regulations to tax crypto mining in the Asian nation in 2019. Kazakhstan has 13 crypto mining farms, estimated to consume about 3.3% of the country’s total electricity. The country’s Bitcoin mining sector accounts for around 6.17% of the global market ratio, while rivals the USA accounts for 7.15% and Russia 6.29%.
It remains to be seen how the introduction of electricity surcharges impacts the country’s appeal to miners, even as the global Bitcoin mining sector seeks to move on from the crackdown in China.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/972623.html
相关文章
GBTC profit
Kazakhstan mining tax signed into lawJPMorgan analysts said in a note on Thursday that Bitcoin’s downside pressure could be easing...
阅读更多
3D metal printer, robotic surgeon, among tests headed to ISS
Kazakhstan mining tax signed into lawBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.NASA and...
阅读更多
Ethereum Classic price analysis ahead of the FOMC decision
Kazakhstan mining tax signed into lawEthereum Classic price has been in a strong bearish trend in the past few days as the momentum of Et...
阅读更多
热门文章
- AAVE Price Declines 10% As Bearish Pressure Increases
- Samsung adds AI to make the best TV technology even better
- Binance Surpasses All Others As Leading Derivatives Exchange
- OKX launches OKX Lite to ease user experience
- Monero price jumps 14% as bullseye yearly highs around $120
- Sony drives its new Afeela electric car on stage using a PS5 controller
最新文章
Music Video: The Noice’s “Paparazzi”
DeFinity introduces anomaly detection on ETH and MATIC
Bitcoin BTC/USD attempts recovery after rate hike scare
Samsung adds AI to make the best TV technology even better
Bitbot presale officially launches, raises $27k in minutes
AltLayer (ALT) token skyrockets 5,380% on Binance following airdrop and listing