Kazakhstan’s government has cut off internet access amid escalating protests, and the country’s bitcoin mining operations appear to be caught up in the fray.
A comparison of mining pool hashrates from half a day ago — preceding the broader internet crackdown, as reported by multiple news outlets— and now indicates a decline in rates for numerous mining pools. The most significantly impacted are 1THash (82% decline), OKExPool (46.3% decline) and KuCoinPool (22.7% decline).
The situation is notable given that Kazakhstan is home to as much as 18% of the world’s bitcoin hashrate, as estimated last fall by the Cambridge Centre for Alternative Finance. Major pools including F2Pool, AntPool and ViaBTC also saw declines, of 12.8%, 11.6% and 19.2%, respectively.
A three-day chart of mining pool activity also illustrates the decline occurring in the past day:
Word emerged early Wednesday that
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