Kazakhstan-based crypto miners have been witnessing an unprecedented situation as they find themselves surrounded by uncertainty due to political forces.
The country’s fast-growing cryptocurrency mining industry was affected last week when it was trapped in a nationwide internet shutdown amid a deadly uprising that began with protests in the west of Kazakhstan against a New Year’s Day fuel price hike.
The move likely prevented Kazakhstan-based miners from accessing the bitcoin network, Reuters reported.
While CNBC said, citing comments from Kevin Zhang of digital currency company Foundry, the internet blockage sent an estimated 15% of the world’s bitcoin miners offline.
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