As tensions between the US and Iran escalated in the last few months, it was reported that a Chinese Miner in Central Asia and particularly in Kazakhstan and Uzbekistan, should they wish to leave.
Last spring, a Chinese Bitcoin miners flocked to the oil-rich country to extremely cheap electricity prices (0,006 dollars per kilowatt-hour) in Iran. However, a not-so-far-removed Alternative could be found in Central Asia. Regional reports have revealed that Chinese Bitcoin miners are considering Hiking in Central Asia, in order to benefit from the cheap electricity prices.
In April of last year, some of the Chinese miners moved into Iran to take advantage of current prices of 0.006 dollars per kilowatt-hour for themselves, but the Iranian authorities are cross-presented. Although the Iranian leadership has legalised the Mining in the country, they said, also, that the Miner must pay the export price for electricity consumption.
In November, explained officials of the Iranian power network, the electricity costs for the Miner would vary. The prices may vary during certain months, between 0.04 $ per kWh (9.650 Rials) and 0.16 $ per kWh. In Central Asia, however, the current mean prices resulting from an Abundance of Gas – and coal-fired power plants, that the Bitcoin Miner can work in countries such as Kazakhstan and Uzbekistan for 0,03 $ per kWh or less. The columnist Lylian Teng discussed the topic with a Chinese Miner, Wu Zheng, describes that the Chinese Miner, of the prices in Central Asia are attracted to.
Wu stated that Chinese miners send older models such as the S9, E10, and M3 in regions where the electricity costs are significantly lower.
My mining farm (in Kazakhstan) has been working with Ebit-E10-machines, which provide a Hash Rate of 18T with a power consumption of 1800W,
The MIner revealed that the electricity prices in Kazakhstan can be up to 0.001 $ per kWh, if the Miner can be connected to a powerful coal operation.
In Kazakhstan, coal-fired electricity costs due to the abundant coal a source of only 0.001 dollars per kilowatt-hour, also, the private power is allowed to production in the country, and the electricity that we consume, comes from a private power plant.
Since the Bitcoin has increased in Difficulty significantly, to achieve older Miner less profits. The Miner replace old machines, such as the Antminer S7 and S9 from Bitmain, increasingly, with the newer model, says Jason Wu, the co-founder of Definer. The Chinese Miner, Wu Zheng stressed, however, that the cheap electricity prices in Central Asia older machines viable again.
Last September, the author Ana Alexandre with Alan Dorjiyev, the head of the Blockchain & Data Center Industry Development Association in Kazakhstan, spoke about Bitcoin Miner from China, the move may be in the Region.
Uzbekistan is opposed to the Mining, overall, been positive,“ said Dorjiyev to Alexandre.
However, the mining industry is centralized in a single Supervisory body. It caused a lot of corruption, if the government decides, what miner you are. The only challenge is to build a low-voltage infrastructure, so that the Miner can be easily connected to the grid,
so Dorjiyev more.
At the Moment the Miner to invest in the electrical infrastructure, in order to reduce the voltage from 110 kV to 0.4 kv.
Dorjiyev also noted that Kyrgyzstan is an attractive country for Bitcoin Mining. In addition, the Uzbek President has Mirziyoyev Relations on 2. September, a Fund dedicated to the development of the Blockchain by the government. The Uzbek leadership has allowed the Mining and trading of Bitcoin and the extremely mild tax laws in the country created that allow crypto payments. In spite of the cheap electricity and the crypto-friendly States, Asia, and Central-a long, controversial history with China.
When the Soviet Union controlled Central Asia, the borders were shut down, and recently migrated Chinese migrant workers to work in the area. Citizens of Kazakhstan, Kyrgyzstan and Tajikistan were upset and protested when China negotiated the post-Soviet borders. The conflicts in this matter will rage for years, and could lead to Mining companies to reconsider the settlement in these countries.