One aspect in this article which I like to see more analysis is the issue of gas prices, political instability and the reasoning in committing so much hardware to an unstable country like Kazakhstan. Is there any correlation between fuel prices and bitcoin mining load on the grid?
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As far as I know I think Kazakhstan has been one of the most stable countries among former Soviet Union ones.
At this time of the year gas is always in high demand, and recently global gas prices went up significantly.
I am not sure, but I would assume they sell natural gas and oil to Europe and elsewhere through Russian energy companies.
It comes down to balancing the energy needs of the local population and business vs selling to foreign countries for higher prices.
I doubt there is a correlation to mining though.
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