Why Kazakhstan has become a top destination for Chinese bitcoin miners in search of a new home

Quick Take

  • Kazakhstan’s vicinity to China, its energy surplus, and its openness to the mining industry have made it a top destination for miners moving out of China.
  • But the journey to the old Silk Road may not be any easier than migrating across the Pacific.
The era of China’s dominance over the bitcoin mining industry appears to be coming to a close, with Kazakhstan emerging as a home for some miners.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Related Reading

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC