The Bitcoin network could see yet another significant hashrate drop
In a recent tweet, BitMEX Research states that ongoing anti-government protests in Kazakhstan could trigger another mass re-deployment of mining hardware.
The former Soviet republic declared a state of emergency earlier today after thousands of protesters took to the streets across the country to express their dissatisfaction with soaring gas prices and low living standards. Earlier today, protests turned violent, with demonstrators storming the mayor's office in Almaty, the country's capital.
According to data provided by NetBlocks, Kazakhstan is now in the middle of a nation-scale internet blackout as the regime is trying to control the flow of information.Tokayev succeeded Soviet-era strongman Nursultan Nazarbayev, who suddenly resigned in 2019 after running the country for almost three decades.
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