Kazakhstan among World's Leading Crypto Producers
11:00 - January 13, 2023

Kazakhstan among World's Leading Crypto Producers

TEHRAN (ANA)- Kazakhstan stands among the world’s leading countries in Bitcoin production although there has been tax rises and limitation to the access of electricity toward cryptocurrency producers over the past year.
News ID : 1317

According to the latest report published by Cambridge University experts in January 2022, Kazakhstan, which ranks third after the US and China with a share of 13.22% in cryptocurrency mining, has about 300 crypto mines.

Anadolu Agency has displayed the data center of Enegix company, which has been operating in the country since 2019 and is among the largest crypto mines across the world.

To get to the huge facility near the city of Ekibastuz in the country’s northern region, it is necessary to travel about 300 kilometers (over 186.4 miles) from the capital Astana.

It is no coincidence that the facility is located in Ekibastuz as the cold climate of this place in winter and the mild climate in summer allow crypto computers that work continuously day and night to work regularly without heating up.

Built on a total area of 15 hectares in the middle of a wide steppe and where strict security measures are taken, there are eight large hangars where computers designed for cryptocurrency mining are placed.

As many as 55,000 computers are working there non-stop to earn Bitcoin, the most expensive cryptocurrency in the world, for its owners.

However, those who enter these hangars for the first time are greeted by a noise they are not used to. This buzz coming out of the machines is called by crypto miners the “sound of digital money.”

Yersayin Nurtoleuov, the director of the Hosting Department of Enegix Company, told Anadolu Agency that as a company, they hold a 1.3% share of global Bitcoin.

He said the facility has the power to provide customers with 180 megawatts of electricity per hour, saying, "We call our customers who have placed their device (computer) in our data center investors.”

“They only bring their devices here. We take care of the subsequent processes such as switching on the devices, connecting them to the internet, and providing access to the global crypto network power.

“In other words, our company hosts crypto mining devices in general and provides the basic infrastructure for their operation,” he stressed.

Noting that they have all kinds of opportunities at the facility for Bitcoin mining, the director mentioned that the most important of them is the uninterrupted provision of electricity and 24/7 supervision of devices.

He emphasized that they employ more than 100 people so that not a single computer is disabled.

"Usually young Information Technologies specialists work,” he said, adding that they train these employees themselves.

“Due to the fact that they work with a 15-day shift method, there is a dormitory and a dining hall within the boundaries of our facility,” he also said.

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