Kazakhstan closes banks, internet in the middle of unrest, Bitcoin threaten mining, Hashrates-Mining Bitcoin messages

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Von: Krypto News Österreich

Kazakhstan closes banks, internet in the middle of unrest, the Bitcoin threaten mining, hashate

The measures imposed by the authorities to suppress mass protests in the Mining hotspot Kazakhstan affect the cryptocurrency markets and the hashrate of the Bitcoin network. In order to cope with the unrest caused by rising fuel prices and an deteriorating economy, the government restricted access to the Internet and closed local banks. The fear is growing that the unrest could trigger a further great migration of miners, since some have already left the country, which is also faced with electricity shortages.

government takes land offline because protests rage in large cities, Russia sends troops

thousands of Kazakhstan took to the streets this week to express their anger about the socio -economic conditions in their country after the government had lifted the price limit for natural gas and other fuels. In the largest city in the country, Almaty, the capital Nur-Sultan and in the western province of Mangistau, there were protests. The authorities have imposed the state of emergency.

According to the demonstrations in which government offices attacked, weapons were fired and people were killed by both demonstrators and among police officers, more than 1,000 citizens were injured in the demonstrations. On January 5, President Kassym-Jomart Tokayev released the government and blamed the ministers for the situation that threatened to get out of control. Russia has already sent "peace -resistant" troops after Tokajew had asked the allied country for help in view of a "terrorist threat".

Kazakhstan has been largely offline in the past few days, although the telephone connections were also affected by faults. The Netblocks surveillance group announced on Wednesday that the country is in an internet blackout. On Thursday, the state news transmitter Khabar 24 TV confirmed that access to the World Wide Web was restricted, since users cannot reach social media platforms and messaging apps.

In the meantime, all bank offices across the country were closed, as a representative of the Kazakh National Bank quoted from the Russian news agency Interfax. Olzha's Ramazanov official said that the regulatory authority had made the decision after "temporary internet interruptions were taken into account and the health and life of employees of financial institutions and consumers were protected by financial services".

unrest in Kazakhstan meet crypto markets, Bitcoin-Hashrates

The rapidly developing events in Kazakhstan influenced the cryptocurrency markets and the Price from Bitcoin ( btc ) on Wednesday fell under the brand of $ 44,000 when the crypto economy shrank to $ 2.25 trillion, such as Bitcoin.com News reported . The cryptocurrency with the largest market capitalization is less than $ 43,000 per coin at the time of writing on Thursday.

in the middle of the Thanks to its limited electricity tariffs and its generally positive attitude towards the industry, crypto mining became a magnet for companies that are involved in the mint digital currencies. The average monthly hashrate of the country share last year, and the central Asian country developed into a major mining hotspot .

Kasachstan closes banks of banks from Unrest, the Bitcoin threaten mining, Hashrate
Source: Coinwarz

at the beginning of the new year with almost 229 exahashes per second (eh/s) On January 1, the average hashate of the Bitcoin network fell under 170 at the beginning of this week. It is currently is at 167.86 EH/S, at the time of writing. Members of the crypto community have expressed fears that a further deterioration in the situation in Kazakhstan could affect the indicator even more, since Miner could begin to move in jurisdictions with a more stable political environment and a more stable power supply.

While Kazakhstan initially welcomed mining company and took steps to regulate the industry accuses the growing problems of the country with power shortages on the Flow from mining companies. The electricity deficit exceeds 7% in the first three quarters 2021 and interruptions of the energy supply have already some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some companies, some Close crypto farms and to shift equipment to other mining destinations such as the USA

Do you believe that the crypto world will experience another great migration of miners in 2022 due to the events in Kazakhstan? Share your expectations in the comment area below.

lubomir Taskensev

lubomir Taskersev is a technically experienced journalist from Eastern Europe, who likes Hitchens' quote: "To be a writer is what I am and not what I do." In addition to crypto, Blockchain and fintech, international politics and business are two other sources of inspiration.


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