The extent of BitCoin mining in Kazakhstan has been revealed by the country's crisis. Pictured is a crypto mining rig.
The Guardian/Reuters: Kazakhstan internet shutdown deals blow to global bitcoin mining operation
Unrest in the central Asian country – the second-largest centre for mining of the cryptocurrency – led to an internet blackout.
The global computing power of the bitcoin network has dropped sharply as the shutdown this week of Kazakhstan’s internet during a deadly uprising hit the country’s fast-growing cryptocurrency mining industry.
Kazakhstan became last year the world’s second-largest centre for bitcoin mining after the United States, according to the Cambridge Centre for Alternative Finance, after China clamped down on crypto mining activity.
Read more ....
Update #1: Kazakhstan internet shutdown sheds light on a big Bitcoin mining mystery (Fortune)
Update #2: Internet blackouts amid Kazakhstan crisis ‘knock 13.4% off Bitcoin hashrate’ (BNE Intelligence)
WNU Editor: Forget about the impact on crypto because of the unrest in Kazakhstan. The real impact is on uranium, a resource that Kazakhstan is responsible for producing 40 percent of the world’s supply .... Uranium prices surge on Kazakhstan unrest (Al Jazeera). More here .... Uranium prices surge after deadly protests in top producer Kazakhstan (Fortune).
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