Major bitcoin mining pools are close to recovery after last week’s internet outage in Kazakhstan, at least for now. egreechee reports.
The hashrate of major bitcoin mining pools neared recovery on Monday, days after computing power on the networkBetween Jan. 5 and 6, the hashrate of top mining pools fell by 11% as Kazakhstan’s internet went dark. Today, the loss had narrowed to around 2.2%, according to data from mining poolKazakhstan is the world’s second-largest bitcoin miner. It accounts for about one-fifth of the global total and is surpassed only by the U.S.
Internet connectivity is largely restored throughout the country, Dordzhiev said. Interruptions are still taking place in Almaty, the country’s largest city and former capital, where protests raged over the last week, but crypto mining regions are “totally fine,” he said. It’s hard to know how long the internet will continue to operate. The country’s internet has been restored several times over the past few days, but these moments are “brief and unpredictable, affecting different providers and regions at different times,” NetBlocks founder Alp Toker told CoinDesk. Beyond implications for human rights, the intermittent network “can’t reliably support cryptocurrency mining,” Toker said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Major fire in Bronx apartment building sends 32 people to the hospital, FDNY saysA major fire in a residential apartment building in the Bronx in New York City sent 32 people to hospitals with life-threatening conditions, FDNY Commissioner Daniel Nigro said Sunday.
Read more »
This Major Southern Burger Chain Just Brought Back Several Discontinued Items — Eat This Not ThatThe chain was smart to cater to its loyal customer base by bringing back several retired customer favorites.
Read more »
Major Ethereum Warning Issued by Veteran TraderPeter Brandt claims that Ethereum (ETH) is in a bear market as the cryptocurrency remains down 36% from its November all-time high
Read more »