Now, crypto-miners in Uzbekistan will have to pay for electricity three times more than they used to.
Electricity for miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation.
Details in Uzbekistan
This decision was published in an announcement by the Cabinet of Ministers of the Republic of Uzbekistan. It states that cryptocurrency miners will now have to pay three times more for electricity.
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The authorities explained that the sudden rise in tariffs is caused by increasing energy efficiency in the economic and social sectors, stimulation of energy saving, and promotion of the rational use of electricity by consumers.
- The country legalized cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details and mining in September 2018.