The situation in Kazakhstan gradually began to stabilize. After the Internet connection was restored, some data centers tried to restore cryptocurrency production, but to no avail.
On January 10, many users went online for the first time, according to NetBlocks.
In In many cities there was still no connection in the first half of the day. By evening, according to messages on Twitter, the country again plunged into an information vacuum. The Internet was turned off again in all regions. An unstable Internet connection did not allow data centers to restore Bitcoin mining in full. At the moment, according to BTC.com, the overall network speed is 173 EH/s. And without a stable connection, restoration of capacity is impossible.
By Internet access was cut off throughout the country at the height of the protests. As a result, large mining centers stopped mining cryptocurrency. The overall hash rate of the Bitcoin network has decreased from a peak of 229 EH/s to 168 EH/s. This loss of capacity became one of the catalysts for the collapse of the Bitcoin price, according to experts.
In the summer, Kazakhstan entered the list of leaders in Bitcoin hashrate, after the mass migration of miners from China.. But already in the fall, the country tightened its policies regarding data centers. Miners began to leave the country. Experts predict a massive outflow after the January events.
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