Kazakhstan unrest takes down a fifth of global bitcoin mining network

on 6 January. Without an internet connection to other miners around the world, Kazakh mining groups were unable to continue work. According to BTC.com, a data service for the cryptocurrency industry, the global hashrate – the measure of computing power dedicated to mining bitcoin – fell by 14 per cent from Tuesday to Thursday.

Sporadic connections to the internet have been made in the country in recent days, but widespread reports indicate that these are few and far between, and temporary.: “No internet, so no mining. Internet is blocked in Kazakhstan. Mobile operators, home internet, everything.” Although miners are essential to maintaining the bitcoin network, there are enough outside Kazakhstan to keep the cryptocurrency working in places with working internet connections.

Sweet

Good, every attack on btc will make it stronger and more decentralized.

Autocratic governments don't like free communication - unless it's completely under their control.

I remember, when there was revolution in Egypt how anonymous thought the people how to bring it back on

Hash rate chart clearly shows almost no effect on bitcoin network, its decentralized. remember?

I’m watching $50-$55k as the next resistance for Bitcoin If we can break this range with confirmation then the 2nd half of the bull market is starting rawkz_t has been very helpful as I have added massively to my holdings through her tips and post, it has been wonderful

Funny how crypto was consuming 8% of Kstan's electricity and the revolt started over a sudden spike in energy prices. Totally unrelated, I'm sure lol.

If more than 50% of Bitcoin's computing power is blocked during the war, its security will be challenged.

'Mining'

There has to be at least one downside.

For a moment I thought that image was people carrying oversize computer servers. Strange how the brain can work.

Is it so sad. Above iside Russia and Kazakhstan is 'superfigters' bot out my hobby is take him film & now deal architect job, oth this geys be tall me above Bomb & my lothe of hes number 1 ( is two bad if hes strike harrored human. Overtotal flawes undead

People ÷ is two category first and last.

And so the big players load there bags .

Scary the government can just do that... Will the government be able to disable elonmusk 's starlink This is nuts

I knew there would be a catch ….

Buy now whilst stocks last.

If Kazakhstan is the second largest bitcoin mining nation in the world then...

No internet = no money smh and meanwhile Russia slipping into Kazakhstan like they did in Kiev

They don't want to be a second nazzi Ukraine, so they need to stop this maidan shit

So on times of extreme conflict, bitcoins are useless, since then there is no internet.

Go to Texas

Probably related to BTC price these days, also similar situation is in Iran where they have to cut down mining power due to air pollution in the winter!

They are building up treasure in heaven

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