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Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners
By Tom Wilson
14 hrs ago
LONDON (Reuters) - 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.
...
In August last year, the most recent data available, Kazakhstan accounted for 18% of the global "hashrate" - crypto lingo for the amount of computing power being used by computers hooked up to the bitcoin network.
In April, before China's latest clampdown on bitcoin mining, the figure was just 8%...
Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners
By Tom Wilson
14 hrs ago
LONDON (Reuters) - 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.
...
In August last year, the most recent data available, Kazakhstan accounted for 18% of the global "hashrate" - crypto lingo for the amount of computing power being used by computers hooked up to the bitcoin network.
In April, before China's latest clampdown on bitcoin mining, the figure was just 8%...
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