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Cryptocurrency

The State Of Bitcoin Mining In Kazakhstan

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Kazakhstan has taken a toll on the bitcoin mining industry as an energy crisis prompted a series of protests and political instabilities last week. Russia has reportedly sent “peacekeeping forces” to the central Asian country as per the request of president Kassym-Jomart Tokayev, a move that sparked revolt across the region. Besides higher gas prices, Kazakhstan’s current intermittent energy and internet access have led to instability in bitcoin mining operations there, hurting the broader Bitcoin network’s hash rate  an estimated 18% of which was housed in the central Asian country as of July 2021.





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