> This pushes miners to the cheapest forms of electricity, i.e renewables If renewables are the cheapest forms of energy, why did the hash rate drop when Kazak

> This pushes miners to the cheapest forms of electricity, i.e renewables If renewables are the cheapest forms of energy, why did the hash rate drop when Kazakhstan went off line? Based on https://www.iea.org/reports/kazakhstan-energy-profile https://www.iea.org/reports/kazakhstan-energy-profile > Coal represents around half of Kazakhstan’s energy mix (50% in 2018), followed by oil and natural gas (both with 25% shares). This means that the cheapest energy to be found for is 100% carbon based and non-renewable. Likewise, another 5-10% ( https://www.yahoo.com/now/iran-temporarily-stops-authorized-crypto-160216222.html https://www.yahoo.com/now/iran-temporarily-stops-authorized-... ) is from Iran - which again is using oil, and natural gas rather than renewable sources. From https://www.globalpetrolprices.com/electricity_prices/ https://www.globalpetrolprices.com/electricity_prices/ - the countries with the cheapest energy prices (and show up in the hash rates) are those that are using fossil fuels (and likely trying to subsidize those prices from the government to avoid civil unrest).