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Kazakhstan bitcoin mining shuts down amid fatal protests

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As the Central Asian nation of Kazakhstan plunged into chaos this week, an internet shutdown hit the world’s second-biggest bitcoin mining hub, in yet another blow to miners searching for a permanent and stable home.

Less than a year ago, China banished all of its cryptocurrency miners, many of whom sought refuge in neighboring Kazakhstan. But months after these crypto migrants set up shop, protests over surging fuel prices have morphed into the worst unrest the country has seen in decades, leaving crypto miners caught in the middle.

After sacking his government and requesting the aid of Russian paratroopers to contain the fatal violence, president Kazakh President Kassym-Jomart Tokayev…



Source cnbc.com

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