Internet Connection In Kazakhstan Is Not Sufficient For Mining
According to the data shared by NetBlocks, internet connection in Kazakhstan is not sufficient for mining cryptocurrencies.
As it is known, internet access was cut off in
Kazakhstan after the price hike protests last week. After this outage, internet access was reopened in the country. According to the data shared by NetBlocks, internet access is still not sufficient. By the way, let's not go without saying that Kazakhstan is a very important country in terms of crypto mining.
Due to the fuel hike in the country, citizens of Kazakhstan took to the streets to protest the government. The government also blocked internet access in Kazakhstan to make it difficult for protesters to communicate. After this incident last week, internet access was reopened at almost full capacity as of Monday.
According to the data shared by
NetBlocks, this is not yet enough for crypto mining to be fully online.
NetBlocks research director Işık Mater used the following statements on the subject:
“The connection stability required for cryptocurrency mining and Blockchain applications is not enough.”
Finally, the hash rates of major mining pools including Antpool, Pooliln, and Binance Pool have dropped significantly, according to BTC.com statistics.