On January 9th, US media reported that due to the repeated interruption of the Internet in Kazakhstan during the riots, Bitcoin mining activities in Kazakhstan have been severely affected.
According to reports, on the 5th of this month, just a few hours after the domestic network was interrupted in Kazakhstan, the cryptocurrency consulting and research website The Block stated on social media that Bitcoin’s global computing power (a measurement unit of Bitcoin network processing power) declined Up 12%.
Kazakhstan is a big Bitcoin mining country. According to data from the University of Cambridge Alternative Finance Center in the United Kingdom, Kazakhstan is the world’s second largest Bitcoin mining center after the United States in 2021, and its computing power accounts for 18% of the world.