BITCOIN MINING MOVES TO KAZAKHSTAN - WHY?

Kazakhstan has become the third-largest country in terms of energy consumed to “mine” Bitcoin, the world’s most renowned cryptocurrency, an impressive development for a country essentially running on coal.
Kazakhstan offers an attractive market, with prices per kWh averaging around 5 cents, compared to 9-11 cents in Russia, China, and the United States. At around half price, Kazakhstan’s crypto mining financials look better than its competition.
Canaan has a rich experience in chip design and streamlined production in the ASIC field. In 2013, it released and mass produced its first ASIC Bitcoin mining machine. In 2018, Canaan released the world's first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry
Top Bitcoin Mining Companies
Bitfury. Private Company. Founded 2011. ...
Bitmain. Private Company. Founded 2013. ...
BTC.com. Private Company. Founded 2013. ...
TradeBlock. Private Company. Founded 2013. ...
Coingecko. n/a. Founded date unknown. ...
Huobi. Private Company. Founded 2013. ...
BtcChina. Private Company. Founded 2011. ...
Nicehash. n/a. Founded date unknown.