🇰🇿Kazakhstan, the world's 3rd-largest #Bitcoin mining hub, is facing a crypto crisis due to soaring energy costs!⚡️💸 Eight major mining firms have penned an open letter to the prez, warning of a mass exodus by year-end if nothing changes.😱
The culprits? Taxes on energy consumption, making Kazakh miners less competitive than their US, Russian, and Chinese counterparts.🌏🏭
But hey, at least the gov collected $7M in tax revenues, right?🤑💰
What do you think? Will the gov save the day, or will Kazakh crypto mining go extinct?🦖🔥 Share your thoughts below!👇 #DeFi #Web3 #Technology