Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners
The global computing power of the bitcoin network has dropped sharply.
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The global computing power of the bitcoin network has dropped sharply.
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 major hub China clamped down on crypto mining activity. Russia sent paratroopers into Kazakhstan on Thursday to help put down the countrywide uprising after violence spread across the tightly controlled ...
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