That a dictator from the latter could single-handedly cause such a contraction in the network doesn’t necessarily undermine the thesis that this more decentralized, diversified geographic spread is more secure. After all, the Kazakh hashrate closure – most likely temporary – was nowhere near as disruptive as China’s more permanent move to shut down 50% of the network. … [Read more...] about Kazakh Mining Slide Offers Lesson for US Lawmakers
Kazakh
Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
On Wednesday, Kazakhstan, the second-largest country in the world when it comes to Bitcoin (BTC) mining hash rate, experienced unprecedented political unrest due to a sharp rise in fuel prices. As a result, the country's presiding cabinet resigned, but not before the state-owned Kazakhtelecom shut down the nation's internet, causing network activity to plunge to 2% of daily … [Read more...] about Kazakh government resigns, shuts down internet amid protests, causing Bitcoin network hash rate to tumble 13.4%
Kazakh Bitcoin Mining Seen Hurt Following Energy Riots, Internet Shutdown
Crypto mining in Kazakhstan is likely to be hurt after protesters stormed government buildings to complain about surging energy costs, leading the country’s largest telecommunications provider to shut down access to the internet.Bitcoin mining found a home in Kazakhstan after China’s clampdown on the industry last year. It was second only to the U.S. in energy devoted to crypto … [Read more...] about Kazakh Bitcoin Mining Seen Hurt Following Energy Riots, Internet Shutdown
Kazakh Mining Hosting Firm Enegix Looks for Energy Autonomy Through Hydropower
Kazakhstan is facing severe electricity shortages, in part due to the swarm of crypto miners arriving in the wake of China’s crackdown on the industry. Miners in the country have been facing power rationing since September, an Enegix spokesperson said prior to the event. Source link … [Read more...] about Kazakh Mining Hosting Firm Enegix Looks for Energy Autonomy Through Hydropower