Following the news about nationwide protests in Kazakhstan causing an internet blackout in the Bitcoin mining country that resulted in a significant hash rate drop, CryptoSlate talked to Alan Konevsky, Chief Legal Officer at PrimeBlock.
PrimeBlock is a digital asset mining and infrastructure provider, currently operating roughly 1,000 PH/s in hashing capacity, equivalent to around 0.6% of the total global Bitcoin hash rate–with mining facilities spread across the United States and Canada.
Konevsky commented on recent developments in Kazakhstan and Kosovo, and shed some light on their impact on the industry, from an insider perspective.
Developing countries struggling to keep up
Crypto mining aside, developing countries like Kazakhstan and Kosovo have limited electrical grids–not able to handle high demand.
“Power generation and distribution infrastructure is often a weak point,” Konevsky said, pointing to the bottleneck for developing countries struggling to keep up with tech
We współpracy z: https://cryptoslate.com/how-could-the-instability-in-developing-countries-alter-the-bitcoin-mining-landscape/
