LONDON, Jan 6 — 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.
The internet was yesterday shut down across the country in what monitoring site Netblocks called “a nation-scale internet blackout”.Bitcoin and other cryptocurrenices are created or “mined” by high-powered computers, usually at data centres in different parts of the world, which compete to solve complex mathematical puzzles in a highly energy-intensive process.
The more miners on the network, the greater the amount of computer power is needed to mine new bitcoin. The hashrate falls if miners drop off the network, in theory making it easier for the remaining miners to produce new coin.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World’s biggest uranium miner says unaffected by Kazakh turmoil | Malay MailALMATY, Jan 6 — Kazatomprom, the world’s biggest uranium producer, said today it was operating normally with no impact on output or exports despite unrest in Kazakhstan. Uranium prices have risen after unrest in Kazakhstan which was spurred initially by protests against fuel price hikes. Spot...
Source: malaymail - 🏆 1. / 86 Read more »
Russia-led alliance to send forces to unrest-hit Kazakhstan | Malay MailALMATY, Jan 6 — A Russia-led military alliance said it would send peacekeeping forces to “stabilise” Kazakhstan, blaming mass protests that have plunged the ex-Soviet country into chaos on “outside interference”. Long seen as one the most stable of the ex-Soviet republics of Central Asia,... Just like Crimea: Russians never want to leave
Source: malaymail - 🏆 1. / 86 Read more »
Kazakhstan declares state of emergency in protest-hit city, province | Malay MailALMATY, Jan 5 — Kazakh President Kassym-Jomart Tokayev has declared a two-week state of emergency in the Central Asian nation’s biggest city Almaty and in the western Mangistau province where protests turned violent, his office said early yesterday. The move includes an 11pm to 7am curfew,...
Source: malaymail - 🏆 1. / 86 Read more »
Crypto crime hit record US$14b in 2021, research shows | Malay MailLONDON, Jan 6 — Crime involving cryptocurrencies hit an all-time high of US$14 billion (RM58 billion) last year, blockchain researcher Chainalysis said today, a record that comes as regulators call for more powers over the fast-growing sector. Crypto received by digital wallet addresses linked to... 😁
Source: malaymail - 🏆 1. / 86 Read more »
Protesters seize airport of Kazakhstan’s biggest city, says source | Malay MailALMATY, Jan 5 — Protesters seized control of the airport of Kazakhstan’s biggest city Almaty today, a source familiar with the matter told Reuters, as the Central Asian country was hit by a wave of unrest that started with demonstrations against fuel price rises. All flights to and from Almaty...
Source: malaymail - 🏆 1. / 86 Read more »
Lufthansa cancels flights to Kazakhstan’s Almaty | Malay MailBERLIN, Jan 6 — German airline Lufthansa today said it was no longer offering regular flights to Kazakhstan’s largest city, Almaty, as the Central Asian country faces its worst unrest in over a decade. “Due to further developments, Lufthansa has now decided not to offer any more regular...
Source: malaymail - 🏆 1. / 86 Read more »