Although acquiring cryptocurrencies is called mining, the process has little in common with extracting natural resources. Crypto mining requires large amounts of electricity to run specialised computers that solve complex mathematical equations in exchange for digital coins.
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Kazakhstan’s government is bringing the two together with a new project, where crypto miners will be able to use excess associated gas from oil fields to generate electricity at their own power plants.
Kazakhstan experienced a major crypto mining boom in 2021, exposing weaknesses in its ageing power…
