Top Bitcoin mining country Kazakhstan turns off internet amid protests

Share This Post

The government of Kazakhstan shut down the internet after the cabinet resigned amid major anti-government protests.

Kazakhstan, which boasts the second-largest (BTC) mining hash rate in the world, is experiencing major internet disruptions amid local anti-government protests.

Network data provider NetBlocks reported Wednesday that Kazakhstan was “in the midst of a nation-scale internet blackout after a day of mobile internet disruptions and partial restrictions.” According to the data, the normalized network connectivity in Kazakhstan fell to 2% on Wednesday.

“The incident is likely to severely limit coverage of escalating anti-government protests,” NetBlocks noted.

Source: NetBlocks

Kazakhtelecom, the largest telecom company in Kazakhstan, has shut down the internet across the nation, according to some reports. Cellular networks have reportedly also been disabled in some cities, such as Almaty.

Kazakhstan’s ongoing internet outage comes after the Kazakhstan government resigned amid protests that were sparked over a sharp rise in fuel prices. President Kassym-Jomart Tokayev sacked Kazakhstan’s government early on Wednesday and declared a state of emergency in Almaty and the surrounding province.

According to some analysts, the protests are also a response to the lack of democracy in the country. “Young, internet savvy Kazakhs, especially in Almaty, likely want similar freedoms as Ukrainians, Georgians, Moldovans, Kyrgyz, and Armenians, who have also vented their frustrations over the years with authoritarian regimes,” Tim Ash, emerging market strategist at BlueBay Asset Management, said.

The protests have taken a violent turn, with reports of sustained gunfire between protestors and state security organs, including the police and the national guard.

Related: Bitcoin mining manufacturer Canaan expands footprint in Kazakhstan

The latest internet outages could affect the global Bitcoin hash rate. As previously reported by Cointelegraph, Kazakhstan accounted for 18% of the total global BTC mining hash rate distribution as of October 2021, second only to the United States.

Many Chinese Bitcoin mining companies and miners were increasingly relocating their services in Kazakhstan after the Chinese government announced a renewed ban on the crypto industry in September 2021.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Ether Liquidity Plummets 40% On Exchanges After ETF Debut

Liquidity of Ether on US exchanges has plunged as much as 40% since the first spot Ether exchange-traded funds entered the market on July 23, 2024 Related Reading: Cardano Bull Sees ADA Jumping

UBS: European Real Estate Markets Enter New Cycle

UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization “A new cycle starts,” the report

Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets

Bitcoin fell below $54,000 on September 6, 2024, after cruising earlier in the day to $57,000 following the US nonfarm payrolls The report showed that the economy added only 142,000 jobs in August,

Mark Cuban Warns Kamala Harris’ Unrealized Gains Tax Will Kill Stock Market

Billionaire Mark Cuban warned that taxing unrealized gains would “kill” the stock market but believes Vice President Kamala Harris would not prioritize this policy While Harris supports

Helium (HNT) Network Expansion Fuels 13% Gains Despite Faltering Market

Helium (HNT) defeats the market’s bearishness as its new developments drive hype for the long term According to CoinGecko, HNT rose by 13% despite the market’s continued fall in the short term

20 Government Agencies in US, South Korea, and Japan Tackle North Korean Crypto Threats

The United States, Japan, and the Republic of Korea (ROK) held their third Trilateral Diplomatic Working Group meeting on Friday in Seoul to address North Korean cyber threats Led by US Deputy