Top Bitcoin mining country Kazakhstan turns off internet amid protests

Bitcoin

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.

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.

Articles You May Like

SEC charges Silver Point Capital with nonpublic information policy failures
Starboard sees an opportunity to create value at Riot Platforms amid growth in hyperscalers
Matt Gaetz accused of paying for sex and using drugs by US congressional panel
The Fed cut interest rates but mortgage costs jumped. Here’s why
Munis outperform UST losses, sit back after large selloff