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Kazakhstan
Kazakh Crypto Miners Cut Off From Electricity Supply Until End of January
Kazakhstan crypto miners will cut their energy supply from Jan. 24 until the end of the month. A major transmission line has also been disconnected, worsening the energy problem in the country, which was once home to about one-fifth of the world's bitcoin mining at the end of August 2021. "The Hash" group reacts, discussing what this means for the global mining industry.
Kazakh Crypto Miners Cut Off From Electricity Supply Until End of January
Kazakhstan's energy problem worsened on Tuesday when a major transmission line was disconnected.
Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Partially Restored
The hashrate of major bitcoin mining pools neared recovery Monday. This comes days after computing power on the network fell following an internet blackout in Kazakhstan, the world’s second-largest bitcoin miner. “The Hash” team discusses the latest development in the bitcoin mining community and what it could speak to about the resiliency of bitcoin.
E-CNY App Downloaded 16 Million Times, Kazakhstan Outages Hit Miners
E-CNY app sees 16 million downloads. Miners hit by continuing Kazakh internet outages. Unlocking liquidity in private markets. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Major Mining Pools’ Bitcoin Hashrate Nears Recovery as Kazakhstan’s Internet Is Partially Restored
The world’s second-biggest mining country has been engulfed in civil unrest over the past week.
Is the Bitcoin Hashrate Becoming Vulnerable to Geopolitical Risks?
According to MiningPoolStats, hash power commanded by the largest mining pools – a reasonable proxy for overall Bitcoin hashrate – shrank by a hefty 12.7% this week. The leading cause was a political event in Kazakhstan. “All About Bitcoin” fill-in host Galen Moore explains the data in Chart of the Day.
What to Expect From Federal Reserve's Confirmation Hearings, Bitcoin's Next Support Levels
After suffering the worst first week of the year since 2017, where will bitcoin go from here? CoinDesk Managing Editor of Markets Brad Keoun discusses bitcoin's next support levels, how far it could fall, and what to expect from Jerome Powell and Lael Brainard's confirmation hearings next week. Will crypto be on the agenda? Plus, Managing Editor of Technology Christie Harkin discusses the future of bitcoin's hashrate after a big disruption this week in Kazakhstan.
Civil Unrest Disrupts Bitcoin Mining in Kazakhstan
Intense protests in Kazakhstan over rising energy prices have led to a three-day-long internet shutdown, disturbing the global crypto mining industry as Chinese miners fled to the former Soviet state following the mining ban.