https://fortune.com/2022/01/05/kazakhstan-internet-bitcoin-mining-mystery-crypto/
a full 12% of Bitcoin's worldwide computational power had vanished.
it was difficult to establish how much of all the world's coins Kazakhstan was minting. Clouding the picture was the government's recent moves to severely restrict the mining boom that was plaguing its cities via rolling blackouts.
Pretty wild stuff. The country mines a lot of coal/uranium and apparently so much bitcoin that it was destroying their electrical grid. Which, compounded with inflation and an energy price hike, caused people to become angry and revolt.
Government flips the switch on the Internet to curb the revolt and we get to see how much energy the country was devoting to mining crypto.
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