It looks like the obviously manufactured chaos in Kazakhstan is all about shutting down Bitcoin mining.

Posted on January 6, 2022 by State of the Nation

Kazakhstan’s deadly protests hit bitcoin,
as the world’s second-biggest mining hub shuts down

MacKenzie Sigalos
CNBC

KEY POINTS

  • The second-biggest country for bitcoin mining lost its internet access, taking as much as 15% of the network offline.
  • Kazakhstan is home to coal mines that provide a cheap and abundant supply of energy, which is a major incentive to miners who compete in a low-margin industry, where their only variable cost is typically energy.
  • Bitcoin fell below $43,000 for the first time since September in trade on Thursday, falling over 8% at one point.

READ HERE: https://www.cnbc.com/2022/01/06/kazakhstan-bitcoin-mining-shuts-down-amid-fatal-protests.html

 

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