Kazakhstan is a well known bitcoin hub alongside countries like China and USA the country is a top ranked bitcoin mining country, they contributed to 13.22% of total bitcoin hash rate in January 2022. Same year, 2022, they passed a bill and made an increase on the electricity fee for bitcoin miners, which skyrocketed from $0.0023 per Kwh to $0.01. As of 2022 the country Kazakhstan generated 7 million dollars from bitcoin miners; 1.5 million in the first quarter. Hence, the fee is low for miners that use renewable energy; green energy. But, that doesn't work well on bitcoin mining. How can bitcoin miners settle the high rate of electricity bills channeled to them? Is it affecting bitcoin transaction fee?
https://cointelegraph.com/news/kazakhstan-collected-7m-in-crypto-mining-taxes-in-2022
https://cointelegraph.com/news/kazakhstan-collected-7m-in-crypto-mining-taxes-in-2022
$0.01 USD PER kwatt is cheap
not sure what the complaint is.
I read you link and I can't find the power cost per kwatt.
only the tax on the power per kwatt.
so if the power cost was 0.02 + 0.0023 = 0.0223
and is now 0.02 + 0.01 = 0.030
the miners should shut the fuck up and be happy to pay that.
But the actual numbers are not in the article
