News > Kazakhstan unrest takes down a fifth of global bitcoin mining network

Kazakhstan unrest takes down a fifth of global bitcoin mining network

Business Today | 08/01/2022 09:59 PM | Click to read full article

Nationwide internet outages in Kazakhstan amid civil unrest have knocked almost a fifth of the world’s bitcoin miners offline.

Bitcoin relies on a network of computers known as miners that solve mathematical problems to secure the currency, consuming vast amounts of electricity in the process. But without a working internet connection, the process is impossible.