Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate – Mining Bitcoin News

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Unrest in Kazakhstan hits cryptocurrency markets, global bitcoin hashrate drops.

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Kazakhstan Shuts Down Banks, Internet Amid Unrest That Threatens Bitcoin Mining, Hashrate

Measures imposed by authorities to quell mass protests in mining hotspot Kazakhstan are affecting cryptocurrency markets and the Bitcoin network hashrate. To deal with the civil unrest caused by rising fuel prices and a worsening economy, the government restricted access to the internet and closed down local banks. Fears are rising that the turmoil may spark another major migration of miners now that some are already leaving the country, which also faces power shortages.

Over 1,000 citizens have been injured, official media reported, during the demonstrations in which government offices were attacked, guns fired, and people killed both among protesters and law enforcement officers. On Jan. 5, President Kassym-Jomart Tokayev dismissed the government, blaming ministers for the situation that threatens to spiral out of control. Russia has already sent “peace keeping” troops after Tokaev asked the allied country for help in the face of a “terrorist threat.

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If you had gold and silver or land to farm then you’d be fine

The government of many countries behave as if the people live for them, but in fact they don't. You need to steal less and do more for the people, then the country will be very successful and strong indeed

Very disturbing news. A bad start to 2022

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Truly saddening to see whats happening in Kazakhstan. Hope they resolve their issues quick so that the people will be able to access their funds again.

don't panic, stay calm and patiently wait crypto will continue to rise because crypto is an unavoidable future crypto will go higher and higher

The situation will be restored quickly. No worry.

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No worries

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Good reason why you keep a safe in the house and store crypto offline.

3 days ago the hash rate reach an all time high, bitcoin goes down. Today hash rates declines due to unrest in Kazhakstan, bitcoin crashes. No logic.

Because there are a lot of mining farms. I suppose about 20% of farms are in Kazakhstan. I hope they'll be ok and start mining and trading on BFX soon

This is what real time centralization is all about

Can you spell FUD!

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