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9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/14224.html
相关文章
PIP adds support for BNB and BUSD coins
Kazakhstan mining tax signed into lawPIP has launched its services in the Binance ecosystem in a bid to make it easier for users to make...
阅读更多
DAM Finance Receives Strategic Investment From Arrington Capital Moonbeam Growth Fund
Kazakhstan mining tax signed into lawMiami, Florida, 11th August, 2022, ChainwiredPRIME Asset Modules Finance (”DAM Finance”...
阅读更多
StealthEX Review
Kazakhstan mining tax signed into lawStealthEX is a non-custodial cryptocurrency exchange. It was launched in 2018 and is registered in C...
阅读更多
热门文章
- US Sanctions And Arrests International Crypto Hackers
- Bearish MACD crossover makes Chainlink vulnerable to $6.0
- FBI Arrests Fourth Teen Involved In Twitter Hack
- Where to buy ALU, smart contract platform Altura’s native token
- Kraken Envisions September As A Tough Month For Bitcoin
- Where to buy Sand, native token of the amazing Sandbox game
最新文章
Decentraland is up 32% today: here’s where to buy Mana coin
Loopring (LRC) astronomical rise continues as more details of GameStop partnership emerge
Bitcoin, stocks swing as markets react to CPI data
Top 3 crypto defying gravity amid the sell
BIT price flat as BitDAO seeks to change Bybit’s contributions to treasury
Coinbase stock down 13% after a mixed Q3 earnings report