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Bitcoin's meteoric increase from $1,000 at the beginning of 2017 to a high of more than $60,000 turned many early miners into overnight millionaires. These early successes drew miners into other altcoins, such as Litecoin and Dogecoin, where mining is more accessible and less saturated than the mature Bitcoin market.
Considering the constantly increasing costs of ASICs and GPU mining, cloud mining is quickly gaining traction. In cloud mining, miners can leverage dedicated mining facilities and mine cryptocurrencies.
(This kind of corruption is not a singularly Kazakhstani experience. In Kyrgyzstan, government officials have been linked to illegal bitcoin mining operations running in industrial free zones. The country shut down around 2,500 mining operations in late 2021.)
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